Tompkins Financial Corp Cuts Stake in PepsiCo, Inc. $PEP

Tompkins Financial Corp lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 66,793 shares of the company’s stock after selling 1,220 shares during the quarter. Tompkins Financial Corp’s holdings in PepsiCo were worth $8,819,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter worth approximately $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in PepsiCo during the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo during the 1st quarter valued at about $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $141.23 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company’s 50 day moving average is $144.16 and its 200 day moving average is $140.36. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $178.06. The company has a market cap of $193.36 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period last year, the business earned $2.28 earnings per share. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is 103.64%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company raised their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $158.60.

About PepsiCo

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.