Candriam S.C.A. Trims Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Candriam S.C.A. reduced its stake in PepsiCo, Inc. by 12.8%, selling 56,224 shares during the first quarter, leaving them with 381,905 shares valued at approximately $57.26 million.
• PepsiCo reported $2.12 earnings per share and $22.73 billion in revenue for its last quarter, exceeding analysts' estimates.
• The company has disclosed a quarterly dividend of $1.4225, translating to a yield of 3.7%, with a payout ratio of 103.64%.

Candriam S.C.A. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 381,905 shares of the company's stock after selling 56,224 shares during the period. Candriam S.C.A.'s holdings in PepsiCo were worth $57,263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Northern Trust Corp increased its stake in PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares during the period. Bank of New York Mellon Corp increased its stake in PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after purchasing an additional 49,699 shares during the period. Finally, Invesco Ltd. increased its stake in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $152.16 on Wednesday. The stock has a 50 day moving average price of $138.19 and a 200 day moving average price of $140.56. 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 company has a market capitalization of $208.32 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 3.98 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 announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed 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 is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PEP shares. UBS Group cut their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. 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 has a consensus rating of "Hold" and an average target price of $158.73.

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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