Neville Rodie & Shaw Inc. Has $5 Million Stake in PepsiCo, Inc. $PEP

Neville Rodie & Shaw Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,880 shares of the company’s stock after selling 1,883 shares during the quarter. Neville Rodie & Shaw Inc.’s holdings in PepsiCo were worth $5,002,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo in the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo in the 1st quarter valued at about $58,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.5%

PEP opened at $143.53 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46. The company’s 50 day moving average price is $143.81 and its two-hundred day moving average price is $140.60.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on PEP shares. UBS Group decreased 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. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a report on Wednesday, September 3rd. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Finally, Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.67.

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.