Sovran Advisors LLC Lowers Stake in PepsiCo, Inc. $PEP

Sovran Advisors LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 37.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,526 shares of the company’s stock after selling 933 shares during the period. Sovran Advisors LLC’s holdings in PepsiCo were worth $206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nova Wealth Management Inc. purchased a new position in PepsiCo in the 1st quarter worth $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at about $28,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at about $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo during the 1st quarter valued at about $58,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $141.76 on Friday. The stock’s 50-day moving average is $144.39 and its two-hundred day moving average is $140.07. The firm has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. 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 (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company posted $2.28 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup raised their target price on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Finally, Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Four investment 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $158.60.

PepsiCo Company 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.