PepsiCo, Inc. $PEP Shares Sold by Financial Council LLC

Financial Council LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,421 shares of the company’s stock after selling 239 shares during the period. Financial Council LLC’s holdings in PepsiCo were worth $452,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PEP. Brighton Jones LLC increased its holdings in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in PepsiCo by 32.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company’s stock worth $2,039,000 after acquiring an additional 3,332 shares in the last quarter. Annex Advisory Services LLC increased its holdings in PepsiCo by 4.5% in the 1st quarter. Annex Advisory Services LLC now owns 5,565 shares of the company’s stock worth $834,000 after acquiring an additional 241 shares in the last quarter. Vest Financial LLC increased its holdings in PepsiCo by 11.5% in the 1st quarter. Vest Financial LLC now owns 377,540 shares of the company’s stock worth $56,608,000 after acquiring an additional 38,967 shares in the last quarter. Finally, Foster Group Inc. grew its holdings in shares of PepsiCo by 15.0% during the first quarter. Foster Group Inc. now owns 4,940 shares of the company’s stock worth $741,000 after buying an additional 643 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.2%

Shares of PEP opened at $141.98 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The firm has a 50-day moving average price of $144.36 and a 200 day moving average price of $139.45. The firm has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.59 and a beta of 0.46.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo’s dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $157.87.

PepsiCo Profile

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.