PepsiCo, Inc. $PEP Shares Sold by Stratos Investment Management LLC

Stratos Investment Management LLC decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,945 shares of the company’s stock after selling 501 shares during the period. Stratos Investment Management LLC’s holdings in PepsiCo were worth $2,502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. JSF Financial LLC grew its position in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares in the last quarter. Dogwood Wealth Management LLC grew its holdings in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after buying an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC lifted its stake in PepsiCo by 0.5% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after acquiring an additional 74 shares in the last quarter. Bull Street Advisors LLC boosted its position in PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after acquiring an additional 74 shares during the period. Finally, Centurion Wealth Management LLC grew its stake in PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after acquiring an additional 75 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.0%

PepsiCo stock opened at $152.67 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company’s fifty day moving average price is $145.34 and its two-hundred day moving average price is $139.37. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The company has a market capitalization of $208.75 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.68 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the prior year, the company posted $2.31 EPS. The firm’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. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PEP. BNP Paribas Exane decreased their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Bank of America lifted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday. Piper Sandler increased their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.00.

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.