OLD Second National Bank of Aurora Has $3.60 Million Stock Holdings in PepsiCo, Inc. $PEP

OLD Second National Bank of Aurora decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the second quarter, HoldingsChannel reports. The firm owned 27,273 shares of the company’s stock after selling 893 shares during the period. OLD Second National Bank of Aurora’s holdings in PepsiCo were worth $3,601,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the first quarter worth approximately $25,000. Elite Financial Inc. purchased a new position in PepsiCo during the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo during the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. lifted its holdings 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 valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the first quarter valued at $55,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.6%

PEP opened at $142.31 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm has a market cap of $194.83 billion, a P/E 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. The business has a 50 day moving average price of $144.39 and a 200 day moving average price of $139.50.

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. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm 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. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo’s payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays reduced their price objective on PepsiCo from $144.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. 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 research note on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus 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.