PepsiCo, Inc. $PEP Shares Sold by Chatham Capital Group Inc.

Chatham Capital Group Inc. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the second quarter, Holdings Channel.com reports. The fund owned 17,481 shares of the company’s stock after selling 855 shares during the period. Chatham Capital Group Inc.’s holdings in PepsiCo were worth $2,308,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PEP. Tempus Wealth Planning LLC grew its stake in shares of PepsiCo by 1.5% in the 2nd quarter. Tempus Wealth Planning LLC now owns 8,387 shares of the company’s stock worth $1,107,000 after purchasing an additional 124 shares during the last quarter. Independent Wealth Network Inc. grew its position in PepsiCo by 4.4% in the second quarter. Independent Wealth Network Inc. now owns 1,965 shares of the company’s stock worth $260,000 after buying an additional 83 shares during the last quarter. Brown Lisle Cummings Inc. lifted its position in shares of PepsiCo by 2.4% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 9,958 shares of the company’s stock valued at $1,315,000 after acquiring an additional 235 shares during the last quarter. Twelve Points Wealth Management LLC boosted its stake in shares of PepsiCo by 4.4% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 14,005 shares of the company’s stock worth $1,849,000 after acquiring an additional 584 shares in the last quarter. Finally, ORG Partners LLC grew its holdings in shares of PepsiCo by 12.6% in the 2nd quarter. ORG Partners LLC now owns 1,541 shares of the company’s stock worth $209,000 after acquiring an additional 173 shares during the last quarter. 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 analyst reports. Wells Fargo & Company decreased their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Bank of America cut their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Finally, Barclays boosted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Trading Up 0.4%

PepsiCo stock opened at $140.44 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market cap of $192.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.54 and a beta of 0.46. The company’s fifty day simple moving average is $144.63 and its 200-day simple moving average is $139.65.

PepsiCo (NASDAQ:PEP) last issued its 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. The firm had revenue of $22.73 billion for 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 business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

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.