Tompkins Financial Corp Sells 1,220 Shares of PepsiCo, Inc. $PEP

by · The Cerbat Gem

Tompkins Financial Corp reduced its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,793 shares of the company’s stock after selling 1,220 shares during the period. Tompkins Financial Corp’s holdings in PepsiCo were worth $8,819,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nova Wealth Management Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at $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 bought a new stake in PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in PepsiCo in the first quarter worth approximately $58,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.9%

NASDAQ PEP opened at $141.23 on Thursday. The firm has a market capitalization of $193.36 billion, a PE ratio of 25.72, a P/E/G ratio of 3.54 and a beta of 0.46. The stock’s 50 day moving average is $144.16 and its 200 day moving average is $140.36. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $178.06. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

The firm 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 $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is 103.64%.

Analysts Set New Price Targets

Several research firms have commented on PEP. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $158.60.

View Our Latest Stock Analysis on PEP

PepsiCo Profile

(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.

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