Allspring Global Investments Holdings LLC Has $19.94 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in PepsiCo by 26.6%, now holding shares valued at approximately $19.94 million.
• Analysts have mixed views on PepsiCo, with recent price target adjustments ranging from $115 to $157, reflecting a predominance of Hold ratings among them.
• PepsiCo announced a quarterly dividend of $1.4225 per share, resulting in an annual yield of 3.7% despite a payout ratio exceeding 100%.

Allspring Global Investments Holdings LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 147,420 shares of the company's stock after selling 53,422 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in PepsiCo were worth $19,940,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Almanack Investment Partners LLC. grew its position in shares of PepsiCo by 205.4% in the second quarter. Almanack Investment Partners LLC. now owns 5,249 shares of the company's stock valued at $693,000 after purchasing an additional 3,530 shares during the last quarter. M3 Advisory Group LLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $204,000. Bull Street Advisors LLC grew its position in shares of PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company's stock valued at $2,628,000 after purchasing an additional 74 shares during the last quarter. GW Henssler & Associates Ltd. grew its position in shares of PepsiCo by 1.0% in the second quarter. GW Henssler & Associates Ltd. now owns 119,649 shares of the company's stock valued at $15,798,000 after purchasing an additional 1,197 shares during the last quarter. Finally, CWM LLC grew its position in shares of PepsiCo by 19.3% in the second quarter. CWM LLC now owns 349,396 shares of the company's stock valued at $46,134,000 after purchasing an additional 56,478 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays raised their price target on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Bank of America lifted their target price on PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Rothschild & Co Redburn lifted their target price on PepsiCo from $115.00 to $117.00 and gave the stock a "sell" rating in a research report on Monday. Evercore ISI lifted their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Six 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $156.00.

PepsiCo Stock Performance

NASDAQ:PEP opened at $152.67 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a 50 day moving average of $145.34 and a 200-day moving average of $139.37. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $208.75 billion, a P/E ratio of 29.02, a price-to-earnings-growth ratio of 3.68 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 EPS. PepsiCo's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's payout ratio is currently 108.17%.

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.

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