Advance Capital Management Inc. Sells 228 Shares of PepsiCo, Inc. $PEP

Advance Capital Management Inc. lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,817 shares of the company’s stock after selling 228 shares during the period. Advance Capital Management Inc.’s holdings in PepsiCo were worth $240,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of PEP. Martin Capital Partners LLC raised its position in shares of PepsiCo by 207.3% in the 2nd quarter. Martin Capital Partners LLC now owns 22,242 shares of the company’s stock worth $2,937,000 after purchasing an additional 15,005 shares during the last quarter. Canandaigua National Trust Co of Florida raised its position in PepsiCo by 56.2% in the 2nd quarter. Canandaigua National Trust Co of Florida now owns 11,046 shares of the company’s stock worth $1,459,000 after buying an additional 3,973 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its position in shares of PepsiCo by 3.8% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 50,152 shares of the company’s stock valued at $6,622,000 after purchasing an additional 1,853 shares during the last quarter. Hickory Point Bank & Trust increased its position in shares of PepsiCo by 5.6% during the 2nd quarter. Hickory Point Bank & Trust now owns 3,316 shares of the company’s stock valued at $438,000 after purchasing an additional 175 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. grew its stake in shares of PepsiCo by 1.8% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 67,396 shares of the company’s stock valued at $8,899,000 after acquiring an additional 1,206 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent research reports. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday. Barclays upped their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Trading Down 0.5%

PepsiCo stock opened at $143.53 on Monday. The stock has a 50-day moving average of $143.81 and a two-hundred day moving average of $140.44. 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, Inc. has a one year low of $127.60 and a one year high of $179.43. The stock has a market cap of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. During the same period last year, the business posted $2.28 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

PepsiCo 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.