Riverview Trust Co Has $319,000 Holdings in PepsiCo, Inc. $PEP

Riverview Trust Co lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,418 shares of the company’s stock after selling 152 shares during the period. Riverview Trust Co’s holdings in PepsiCo were worth $319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter worth about $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter worth about $29,000. Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo in the first quarter worth about $55,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Finally, UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Four 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Trading Up 1.9%

PEP stock opened at $143.14 on Thursday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The firm has a market cap of $195.97 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.54 and a beta of 0.46. The business’s 50 day moving average is $144.43 and its 200-day moving average is $139.56. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the company posted $2.28 EPS. The company’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 anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

PepsiCo Company 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.