Banco Bilbao Vizcaya Argentaria S.A. Has $12.65 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. has reduced its stake in PepsiCo, Inc. by 9.0%, owning approximately $12.65 million worth of shares after selling 8,311 shares in the 1st quarter.
• PepsiCo reported $2.12 EPS for the last quarter, exceeding analyst expectations of $2.03 EPS, with revenues reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, with a dividend yield of 3.7% and a payout ratio of 103.64%.

Banco Bilbao Vizcaya Argentaria S.A. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,198 shares of the company's stock after selling 8,311 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in PepsiCo were worth $12,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Van Lanschot Kempen Investment Management N.V. boosted its position in shares of PepsiCo by 3.2% during the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 209,439 shares of the company's stock valued at $31,403,000 after acquiring an additional 6,567 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of PepsiCo by 3.6% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 248,506 shares of the company's stock valued at $37,261,000 after acquiring an additional 8,722 shares in the last quarter. Legacy Financial Advisors Inc. boosted its position in shares of PepsiCo by 3.3% during the 1st quarter. Legacy Financial Advisors Inc. now owns 8,247 shares of the company's stock valued at $1,236,000 after acquiring an additional 262 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its position in shares of PepsiCo by 2.7% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 6,184 shares of the company's stock valued at $927,000 after acquiring an additional 161 shares in the last quarter. Finally, CWS Financial Advisors LLC boosted its position in shares of PepsiCo by 6.5% during the 1st quarter. CWS Financial Advisors LLC now owns 11,859 shares of the company's stock valued at $1,778,000 after acquiring an additional 719 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Cowen reiterated a "hold" 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 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four 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.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Trading Up 1.7%

Shares of NASDAQ PEP opened at $152.16 on Wednesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The company has a market cap of $208.32 billion, a PE ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a 50-day moving average of $138.19 and a two-hundred day moving average of $140.56.

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

PepsiCo Dividend Announcement

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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's payout ratio is currently 103.64%.

About PepsiCo

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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