Prospera Financial Services Inc Sells 4,090 Shares of PepsiCo, Inc. $PEP

Prospera Financial Services Inc reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,847 shares of the company’s stock after selling 4,090 shares during the quarter. Prospera Financial Services Inc’s holdings in PepsiCo were worth $15,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Windle Wealth LLC increased its stake in shares of PepsiCo by 1.0% in the third quarter. Windle Wealth LLC now owns 52,123 shares of the company’s stock worth $7,320,000 after purchasing an additional 514 shares during the period. Oppenheimer & Co. Inc. grew its holdings in PepsiCo by 0.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 140,957 shares of the company’s stock valued at $19,796,000 after buying an additional 462 shares during the last quarter. D.B. Root & Company LLC increased its position in PepsiCo by 2.4% in the 3rd quarter. D.B. Root & Company LLC now owns 4,432 shares of the company’s stock worth $622,000 after buying an additional 103 shares during the period. REAP Financial Group LLC lifted its holdings in shares of PepsiCo by 12.5% during the third quarter. REAP Financial Group LLC now owns 1,174 shares of the company’s stock worth $165,000 after buying an additional 130 shares during the last quarter. Finally, LexAurum Advisors LLC boosted its position in shares of PepsiCo by 10.7% in the third quarter. LexAurum Advisors LLC now owns 2,801 shares of the company’s stock valued at $393,000 after acquiring an additional 270 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. Evercore boosted their target price on shares of PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. HSBC raised their price target on shares of PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Piper Sandler lifted their target price on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. Finally, Barclays boosted their price objective on PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.16.

PepsiCo Trading Down 2.4%

Shares of PEP opened at $166.47 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The stock has a market cap of $227.51 billion, a PE ratio of 27.75, a PEG ratio of 3.26 and a beta of 0.40. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $170.75. The stock has a 50 day simple moving average of $147.99 and a 200-day simple moving average of $146.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The firm had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The business’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.96 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.4%. PepsiCo’s payout ratio is 94.83%.

PepsiCo announced that its board has approved a share buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.