PepsiCo, Inc. $PEP Shares Sold by Whittier Trust Co. of Nevada Inc.

Whittier Trust Co. of Nevada Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.2% during the second quarter, HoldingsChannel.com reports. The fund owned 85,774 shares of the company’s stock after selling 6,608 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in PepsiCo were worth $11,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PEP. Brighton Jones LLC grew its holdings in shares of 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 during the last quarter. GAMMA Investing LLC grew its holdings in shares of PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after acquiring an additional 6,712 shares during the last quarter. First Bancorp Inc ME grew its holdings in shares of PepsiCo by 6.8% in the 1st quarter. First Bancorp Inc ME now owns 4,782 shares of the company’s stock worth $717,000 after acquiring an additional 303 shares during the last quarter. Moser Wealth Advisors LLC grew its holdings in shares of PepsiCo by 2.3% in the 1st quarter. Moser Wealth Advisors LLC now owns 9,065 shares of the company’s stock worth $1,359,000 after acquiring an additional 200 shares during the last quarter. Finally, TrueMark Investments LLC grew its holdings in shares of PepsiCo by 11.5% during the first quarter. TrueMark Investments LLC now owns 34,364 shares of the company’s stock valued at $5,153,000 after buying an additional 3,539 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on PEP. JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Rothschild & Co Redburn lifted their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Piper Sandler lifted their price target on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Bank of America lifted their price target on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $156.00.

PepsiCo Price Performance

PEP opened at $153.64 on Tuesday. The stock has a market cap of $210.08 billion, a price-to-earnings ratio of 29.21, a PEG ratio of 3.74 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a fifty day moving average price of $145.69 and a 200 day moving average price of $139.29.

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

PepsiCo Dividend Announcement

The business also recently declared 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 dividend yield of 3.7%. PepsiCo’s payout ratio is currently 108.17%.

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.