Hoese & Co LLP Decreases Holdings in PepsiCo, Inc. $PEP

Hoese & Co LLP cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,300 shares of the company’s stock after selling 805 shares during the quarter. Hoese & Co LLP’s holdings in PepsiCo were worth $172,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. JSF Financial LLC raised its stake in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in shares of PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after buying an additional 72 shares during the period. Joel Isaacson & Co. LLC increased its stake in shares of PepsiCo by 0.5% in the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after buying an additional 74 shares during the period. Bull Street Advisors LLC increased its stake in shares of PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after buying an additional 74 shares during the period. Finally, Centurion Wealth Management LLC increased its stake in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after buying an additional 75 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEP. HSBC lifted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Rothschild & Co Redburn lifted their target price on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday. Finally, Evercore ISI lifted their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $156.00.

PepsiCo Stock Performance

NASDAQ:PEP opened at $153.71 on Friday. The stock has a market cap of $210.17 billion, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. The firm’s fifty day simple moving average is $145.51 and its 200 day simple moving average is $139.40. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. 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 announced 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 firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is 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.