Webster Bank N. A. Has $2.51 Million Stock Holdings in PepsiCo, Inc. $PEP

Webster Bank N. A. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 19,043 shares of the company’s stock after selling 1,582 shares during the period. Webster Bank N. A.’s holdings in PepsiCo were worth $2,514,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo during the first quarter valued at about $28,000. Sunbeam Capital Management LLC bought a new position in PepsiCo during the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo during the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo during the first quarter valued at about $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5%

NASDAQ PEP opened at $143.53 on Monday. The firm has a market cap of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The stock’s 50 day simple moving average is $143.81 and its 200 day simple moving average is $140.44. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the business earned $2.28 EPS. The business’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, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 price objective on shares of PepsiCo in a research note on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average 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.