Commonwealth Financial Services LLC Has $536,000 Holdings in PepsiCo, Inc. $PEP

Commonwealth Financial Services LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.0% in the second quarter, HoldingsChannel reports. The fund owned 4,058 shares of the company’s stock after selling 213 shares during the quarter. Commonwealth Financial Services LLC’s holdings in PepsiCo were worth $536,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Claris Advisors LLC MO boosted its position in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after acquiring an additional 308 shares during the period. Foster Group Inc. lifted its holdings in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC lifted its holdings in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC lifted its holdings in shares of PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after buying an additional 36,239 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PEP shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Barclays boosted their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. UBS Group reduced their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, BNP Paribas Exane reduced their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Five analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $158.88.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $150.08 on Friday. 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 business’s 50 day moving average is $144.53 and its two-hundred day moving average is $139.26. The company has a market cap of $205.47 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.76 and a beta of 0.46. 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 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio 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.