Tower View Wealth Management LLC Sells 5,788 Shares of PepsiCo, Inc. $PEP

Tower View Wealth Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 38.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,284 shares of the company’s stock after selling 5,788 shares during the quarter. Tower View Wealth Management LLC’s holdings in PepsiCo were worth $1,226,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the 2nd quarter valued at about $29,000. Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% during the 2nd 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 last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the 1st quarter valued at about $55,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on PEP shares. 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 report on Monday, September 15th. Cowen restated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Wells Fargo & Company dropped 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, September 25th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $157.87.

PepsiCo Trading Down 0.6%

PEP stock opened at $142.31 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market capitalization 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’s 50-day simple moving average is $144.39 and its 200 day simple moving average is $139.50. 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 posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

About PepsiCo

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.