Wagner Wealth Management LLC Cuts Holdings in PepsiCo, Inc. $PEP

Wagner Wealth Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 12.3% during the second quarter, Holdings Channel.com reports. The firm owned 2,732 shares of the company’s stock after selling 382 shares during the quarter. Wagner Wealth Management LLC’s holdings in PepsiCo were worth $361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at $29,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo in the first quarter valued at about $58,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Citigroup dropped their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada decreased their price objective 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. Four 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 company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.13.

PepsiCo Trading Up 0.4%

PEP opened at $140.44 on Friday. The firm has a market capitalization of $192.27 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. 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 business has a 50 day simple moving average of $144.63 and a two-hundred day simple moving average of $139.65.

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. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. 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. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is presently 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.