JFS Wealth Advisors LLC Sells 659 Shares of PepsiCo, Inc. $PEP

JFS Wealth Advisors LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,964 shares of the company’s stock after selling 659 shares during the quarter. JFS Wealth Advisors LLC’s holdings in PepsiCo were worth $2,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Claris Advisors LLC MO increased its holdings in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares during the period. Foster Group Inc. grew its holdings in shares of PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after purchasing an additional 229 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC grew its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC grew its holdings in shares of PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 3.7%

Shares of NASDAQ:PEP opened at $150.08 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company’s 50-day moving average price is $144.53 and its two-hundred day moving average price is $139.32. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market cap of $205.47 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the firm earned $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $158.25.

PepsiCo Company 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.