Bahl & Gaynor Inc. Trims Stake in PepsiCo, Inc. $PEP

Key Points

• Bahl & Gaynor Inc. has reduced its stake in PepsiCo by 9.2%, owning 2,317,774 shares after selling 234,455 shares in the first quarter, which accounts for 1.8% of their total holdings.
• PepsiCo reported earnings per share of $2.12, beating estimates, with revenue of $22.73 billion, surpassing expectations of $22.28 billion, showing a 1% year-over-year increase.
• The company announced a quarterly dividend of $1.4225, which will be paid to shareholders on September 30, with a current yield of 3.8% and a payout ratio of 103.64%.

Bahl & Gaynor Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,317,774 shares of the company's stock after selling 234,455 shares during the quarter. PepsiCo accounts for 1.8% of Bahl & Gaynor Inc.'s holdings, making the stock its 16th largest position. Bahl & Gaynor Inc. owned approximately 0.17% of PepsiCo worth $347,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Haverford Trust Co increased its position in shares of PepsiCo by 0.7% in the first quarter. Haverford Trust Co now owns 1,236,934 shares of the company's stock valued at $185,466,000 after buying an additional 8,887 shares in the last quarter. Sax Wealth Advisors LLC increased its position in shares of PepsiCo by 134.1% in the first quarter. Sax Wealth Advisors LLC now owns 10,793 shares of the company's stock valued at $1,618,000 after buying an additional 6,183 shares in the last quarter. AlphaQuest LLC increased its position in shares of PepsiCo by 403.5% in the first quarter. AlphaQuest LLC now owns 12,984 shares of the company's stock valued at $1,947,000 after buying an additional 10,405 shares in the last quarter. Strategies Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $342,000. Finally, Allstate Corp increased its position in shares of PepsiCo by 3.2% in the first quarter. Allstate Corp now owns 42,292 shares of the company's stock valued at $6,341,000 after buying an additional 1,310 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4%

Shares of NASDAQ:PEP opened at $149.64 on Friday. 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 business has a fifty day moving average of $139.32 and a two-hundred day moving average of $140.66. The stock has a market cap of $204.87 billion, a P/E ratio of 27.26, a PEG ratio of 3.97 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results 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 company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price 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.

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