Coastline Trust Co Sells 159 Shares of PepsiCo, Inc. $PEP

Coastline Trust Co lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,170 shares of the company’s stock after selling 159 shares during the period. Coastline Trust Co’s holdings in PepsiCo were worth $2,663,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. bought a new stake in PepsiCo during the 2nd quarter worth approximately $29,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.44 on Friday. The firm has a 50-day moving average of $144.63 and a 200-day moving average of $139.65. The company has a market cap of $192.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last posted 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. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEP. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $158.13.

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.