Elefante Mark B Sells 900 Shares of PepsiCo, Inc. $PEP

Elefante Mark B trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 20.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,455 shares of the company’s stock after selling 900 shares during the quarter. Elefante Mark B’s holdings in PepsiCo were worth $456,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. Brighton Jones LLC increased its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. GAMMA Investing LLC increased its holdings in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares during the period. Ritholtz Wealth Management increased its holdings in PepsiCo by 30.5% during the first quarter. Ritholtz Wealth Management now owns 17,135 shares of the company’s stock valued at $2,569,000 after buying an additional 4,005 shares during the period. Traphagen Investment Advisors LLC increased its holdings in PepsiCo by 2.1% during the first quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company’s stock valued at $873,000 after buying an additional 119 shares during the period. Finally, Hanson & Doremus Investment Management increased its holdings in PepsiCo by 10.6% during the first quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company’s stock valued at $940,000 after buying an additional 600 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PEP. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Bank of America boosted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $157.75.

PepsiCo Price Performance

Shares of PEP opened at $148.89 on Tuesday. The firm has a market capitalization of $203.58 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company’s fifty day moving average price is $144.72 and its 200-day moving average price is $139.18.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s payout ratio is 108.17%.

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.