Ashton Thomas Securities LLC Cuts Stock Position in PepsiCo, Inc. $PEP

Ashton Thomas Securities LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,856 shares of the company’s stock after selling 102 shares during the quarter. Ashton Thomas Securities LLC’s holdings in PepsiCo were worth $1,037,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PEP. Brighton Jones LLC increased its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in shares of PepsiCo by 32.5% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 13,600 shares of the company’s stock valued at $2,039,000 after purchasing an additional 3,332 shares during the last quarter. Johnson & White Wealth Management LLC raised its holdings in shares of PepsiCo by 6.8% in the 1st quarter. Johnson & White Wealth Management LLC now owns 5,730 shares of the company’s stock valued at $859,000 after purchasing an additional 364 shares in the last quarter. Matrix Trust Co grew its stake in shares of PepsiCo by 6.4% during the first quarter. Matrix Trust Co now owns 7,725 shares of the company’s stock worth $1,158,000 after purchasing an additional 464 shares in the last quarter. Finally, Warren Street Wealth Advisors LLC purchased a new position in PepsiCo in the first quarter valued at $218,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.31 on Friday. The business’s fifty day moving average price is $144.39 and its two-hundred day moving average price is $139.50. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The stock has a market cap of $194.83 billion, a PE ratio of 25.92, a price-to-earnings-growth ratio of 3.61 and a beta of 0.46. 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 (NASDAQ:PEP) last released its quarterly earnings results 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. The company had revenue of $22.73 billion for the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Barclays decreased their target price on PepsiCo from $144.00 to $140.00 and set an “equal weight” rating for the company in a research report on Thursday. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report 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 assigned a Sell rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $157.87.

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.