PepsiCo, Inc. $PEP Shares Sold by Cypress Capital Group

Cypress Capital Group decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,735 shares of the company’s stock after selling 143 shares during the quarter. Cypress Capital Group’s holdings in PepsiCo were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Stephens Consulting LLC increased its stake in shares of PepsiCo by 2.6% during the 2nd quarter. Stephens Consulting LLC now owns 3,101 shares of the company’s stock valued at $409,000 after acquiring an additional 79 shares during the last quarter. Bill Few Associates Inc. increased its stake in shares of PepsiCo by 2.2% during the 2nd quarter. Bill Few Associates Inc. now owns 26,285 shares of the company’s stock valued at $3,471,000 after acquiring an additional 564 shares during the last quarter. MOKAN Wealth Management Inc. increased its stake in shares of PepsiCo by 30.4% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 15,826 shares of the company’s stock valued at $2,089,000 after acquiring an additional 3,686 shares during the last quarter. Almanack Investment Partners LLC. increased its stake in shares of PepsiCo by 205.4% during the 2nd quarter. Almanack Investment Partners LLC. now owns 5,249 shares of the company’s stock valued at $693,000 after acquiring an additional 3,530 shares during the last quarter. Finally, M3 Advisory Group LLC acquired a new position in shares of PepsiCo during the 2nd quarter valued at about $204,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PEP. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research note on Saturday, September 27th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Evercore ISI increased their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Piper Sandler increased their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, HSBC increased their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.75.

PepsiCo Stock Up 3.7%

NASDAQ PEP opened at $150.08 on Monday. The stock has a market cap of $205.47 billion, a PE ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The business has a 50 day moving average price of $144.53 and a two-hundred day moving average price of $139.19. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders 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 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio is currently 108.17%.

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.