Academy Capital Management Cuts Holdings in PepsiCo, Inc. $PEP

Key Points

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Academy Capital Management cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 32.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 59,851 shares of the company's stock after selling 28,284 shares during the quarter. PepsiCo makes up approximately 1.5% of Academy Capital Management's holdings, making the stock its 15th biggest position. Academy Capital Management's holdings in PepsiCo were worth $8,974,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Nuveen LLC bought a new position in PepsiCo in the 1st quarter worth approximately $946,978,000. GAMMA Investing LLC boosted its stake in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in PepsiCo during the fourth quarter valued at $221,297,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.9%

PEP stock traded down $1.43 during mid-day trading on Wednesday, reaching $150.73. The company had a trading volume of 10,022,496 shares, compared to its average volume of 7,835,899. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a market capitalization of $206.36 billion, a PE ratio of 27.46, a price-to-earnings-growth ratio of 4.05 and a beta of 0.45. The firm has a 50 day moving average of $138.61 and a 200 day moving average of $140.63. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PEP. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Morgan Stanley increased their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company lifted their price target 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. 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. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus price target of $158.73.

PepsiCo 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.