Towerpoint Wealth LLC Reduces Position in PepsiCo, Inc. $PEP

Towerpoint Wealth LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 5,594 shares of the company’s stock after selling 216 shares during the period. Towerpoint Wealth LLC’s holdings in PepsiCo were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Asset Management One Co. Ltd. lifted its stake in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC raised its holdings in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Graybill Wealth Management LTD. purchased a new stake in shares of PepsiCo during the 1st quarter worth approximately $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock valued at $40,624,000 after buying an additional 6,112 shares in the last quarter. Finally, Inspire Trust Co. N.A. grew its position in shares of PepsiCo by 39.2% in the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock valued at $2,604,000 after buying an additional 4,825 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.4%

Shares of PEP stock opened at $140.03 on Wednesday. The company has a market capitalization of $191.71 billion, a P/E ratio of 25.51, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business’s 50 day moving average is $144.03 and its two-hundred day moving average is $140.35. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $178.09.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PEP shares. Wells Fargo & Company boosted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Citigroup increased their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $158.67.

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.