Patton Albertson Miller Group LLC Has $2.08 Million Stock Holdings in PepsiCo, Inc. $PEP

Patton Albertson Miller Group LLC cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 15,771 shares of the company’s stock after selling 410 shares during the quarter. Patton Albertson Miller Group LLC’s holdings in PepsiCo were worth $2,082,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH lifted its stake in PepsiCo by 1.4% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 403,330 shares of the company’s stock worth $53,256,000 after purchasing an additional 5,487 shares during the period. WD Rutherford LLC bought a new position in PepsiCo during the second quarter worth about $83,000. Stockman Wealth Management Inc. lifted its stake in PepsiCo by 8.9% during the second quarter. Stockman Wealth Management Inc. now owns 87,298 shares of the company’s stock worth $11,527,000 after purchasing an additional 7,167 shares during the period. Financial Partners Group LLC bought a new position in PepsiCo during the second quarter worth about $8,887,000. Finally, Avior Wealth Management LLC lifted its stake in PepsiCo by 9.6% during the second quarter. Avior Wealth Management LLC now owns 17,493 shares of the company’s stock worth $2,310,000 after purchasing an additional 1,537 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on PEP shares. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Citigroup cut their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities 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.com, PepsiCo has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Price Performance

PEP opened at $140.44 on Friday. The company has a fifty day moving average price of $144.63 and a two-hundred day moving average price of $139.65. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The firm has a market capitalization of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS 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 during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 EPS. The business’s quarterly 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. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo’s payout ratio is 103.64%.

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.