Alesco Advisors LLC Decreases Stake in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Alesco Advisors LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 3.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 2,800 shares of the company’s stock after selling 107 shares during the period. Alesco Advisors LLC’s holdings in PepsiCo were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the first quarter worth $58,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $140.03 on Wednesday. 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 company has a market cap of $191.71 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $178.09. The firm’s fifty day simple moving average is $144.03 and its two-hundred day simple moving average is $140.35.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 (DPR) is presently 103.64%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PEP. Wells Fargo & Company increased their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Citigroup raised their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Royal Bank Of Canada restated a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Finally, Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $158.67.

Check Out Our Latest Research Report on PepsiCo

About PepsiCo

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).