Avity Investment Management Inc. Lowers Stock Position in PepsiCo, Inc. $PEP

Avity Investment Management Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,324 shares of the company’s stock after selling 1,345 shares during the period. Avity Investment Management Inc.’s holdings in PepsiCo were worth $2,420,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Asset Management One Co. Ltd. raised its holdings in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its holdings in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after purchasing an additional 151 shares during the last quarter. Graybill Wealth Management LTD. bought a new position in PepsiCo during the first quarter valued at about $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in PepsiCo by 2.3% during the first 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 period. Finally, Inspire Trust Co. N.A. grew its position in PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock valued at $2,604,000 after buying an additional 4,825 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.53 on Monday. The company has a 50-day moving average price of $143.81 and a two-hundred day moving average price of $140.44. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The firm has a market capitalization of $196.50 billion, a PE ratio of 26.14, a P/E/G ratio of 3.63 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating 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 company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the business earned $2.28 earnings per share. PepsiCo’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Analysts Set New Price Targets

PEP has been the subject of several research reports. Royal Bank Of Canada restated a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $158.67.

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.