Wescott Financial Advisory Group LLC Sells 78 Shares of PepsiCo, Inc. $PEP

Wescott Financial Advisory Group LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,318 shares of the company’s stock after selling 78 shares during the period. Wescott Financial Advisory Group LLC’s holdings in PepsiCo were worth $348,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. boosted its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC boosted its position in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo in the 1st quarter valued at $3,633,000. OMERS ADMINISTRATION Corp boosted its position in PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after buying an additional 13,461 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock valued at $40,624,000 after buying an additional 6,112 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $148.98 on Friday. The company has a market capitalization of $203.97 billion, a PE ratio of 27.14, a PEG ratio of 4.02 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. 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 stock’s fifty day simple moving average is $138.94 and its 200 day simple moving average is $140.62.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is 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 currently 103.64%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PEP shares. Dbs Bank lowered PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Royal Bank Of Canada restated a “sector perform” rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company raised their price target on PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $158.73.

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.