Wilmington Savings Fund Society FSB Sells 7,862 Shares of PepsiCo, Inc. $PEP

Wilmington Savings Fund Society FSB lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 193,753 shares of the company’s stock after selling 7,862 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in PepsiCo were worth $25,583,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEP. Brighton Jones LLC grew its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. GAMMA Investing LLC lifted its stake in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares in the last quarter. Ritholtz Wealth Management lifted its stake in shares of PepsiCo by 30.5% during the 1st quarter. Ritholtz Wealth Management now owns 17,135 shares of the company’s stock valued at $2,569,000 after buying an additional 4,005 shares in the last quarter. Traphagen Investment Advisors LLC lifted its stake in shares of PepsiCo by 2.1% during the 1st quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company’s stock valued at $873,000 after buying an additional 119 shares in the last quarter. Finally, Hanson & Doremus Investment Management lifted its stake in PepsiCo by 10.6% in the 1st quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company’s stock worth $940,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on PEP shares. Evercore ISI boosted their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday. Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Citigroup dropped their target price 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. Finally, Wells Fargo & Company upped their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday. Five investment 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 has an average rating of “Hold” and an average price target of $157.75.

PepsiCo Trading Down 0.8%

NASDAQ:PEP opened at $148.89 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The firm has a 50 day moving average of $144.72 and a 200 day moving average of $139.18. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $203.58 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 3.75 and a beta of 0.46.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

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.