Northern Financial Advisors Inc Reduces Stake in PepsiCo, Inc. $PEP

Northern Financial Advisors Inc reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 32.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,607 shares of the company’s stock after selling 782 shares during the period. Northern Financial Advisors Inc’s holdings in PepsiCo were worth $212,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new stake in PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter valued at $29,000. RMG Wealth Management LLC acquired a new stake in PepsiCo during the 2nd quarter valued at $45,000. Finally, Investment Research & Advisory Group Inc. grew its holdings in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $140.79 on Wednesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The stock has a market capitalization of $192.75 billion, a P/E ratio of 25.64, a PEG ratio of 3.53 and a beta of 0.46. 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 business’s fifty day moving average price is $144.26 and its 200 day moving average price is $139.31.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm’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. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

A number of brokerages have commented on PEP. Royal Bank Of Canada lowered their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $158.13.

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.