Princeton Global Asset Management LLC Decreases Position in PepsiCo, Inc. $PEP

Princeton Global Asset Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,160 shares of the company’s stock after selling 1,444 shares during the period. Princeton Global Asset Management LLC’s holdings in PepsiCo were worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PEP. Schnieders Capital Management LLC grew its position in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC now owns 38,164 shares of the company’s stock worth $5,039,000 after acquiring an additional 3,502 shares during the last quarter. CORDA Investment Management LLC. grew its holdings in shares of PepsiCo by 8.5% in the second quarter. CORDA Investment Management LLC. now owns 297,019 shares of the company’s stock worth $39,218,000 after purchasing an additional 23,214 shares during the last quarter. FLC Capital Advisors increased its stake in shares of PepsiCo by 5.9% in the second quarter. FLC Capital Advisors now owns 3,974 shares of the company’s stock worth $525,000 after buying an additional 222 shares during the period. Stephens Inc. AR raised its holdings in PepsiCo by 6.0% during the 2nd quarter. Stephens Inc. AR now owns 134,483 shares of the company’s stock valued at $17,757,000 after buying an additional 7,608 shares during the last quarter. Finally, Alaska Wealth Advisors grew its holdings in PepsiCo by 3.6% in the 2nd quarter. Alaska Wealth Advisors now owns 2,877 shares of the company’s stock worth $380,000 after acquiring an additional 99 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP opened at $153.71 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market cap of $210.17 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The stock has a fifty day simple moving average of $145.51 and a two-hundred day simple moving average of $139.25. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

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

PepsiCo Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is 108.17%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEP. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Rothschild & Co Redburn boosted their target price on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research note on Monday, October 6th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Six equities research 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 data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $156.00.

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.