BTC Capital Management Inc. Decreases Stock Position in PepsiCo, Inc. $PEP

Key Points

• BTC Capital Management Inc. significantly reduced its stake in PepsiCo by 95.8% during the second quarter, now holding only 2,265 shares after selling 51,724 shares.
• PepsiCo reported $22.73 billion in revenue for the last quarter, surpassing analyst expectations, and a net margin of 8.23%.
• Analysts have varied ratings on PepsiCo, with four rating it buy and one as sell, reflecting a consensus price target of $158.60.

BTC Capital Management Inc. trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 95.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,265 shares of the company's stock after selling 51,724 shares during the period. BTC Capital Management Inc.'s holdings in PepsiCo were worth $299,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares during the period. Castlekeep Investment Advisors LLC bought a new position in PepsiCo in the fourth quarter worth about $1,144,000. Vermillion Wealth Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at approximately $78,000. Finally, PVG Asset Management Corp bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $317,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Citigroup upped their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Finally, Barclays increased their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Stock Performance

PepsiCo stock opened at $141.76 on Monday. The stock has a market capitalization of $194.08 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46. 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 stock has a 50-day simple moving average of $144.39 and a 200 day simple moving average of $139.97. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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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