Chesley Taft & Associates LLC Sells 10,995 Shares of PepsiCo, Inc. $PEP

Key Points

• Chesley Taft & Associates LLC has reduced its stake in PepsiCo, Inc. by 6.3%, holding 164,012 shares valued at approximately $21.66 million.
• Several large investors have also altered their positions, with Pallas Capital Advisors LLC significantly increasing its stake by nearly 94.3% during the same quarter.
• PepsiCo is set to pay a quarterly dividend of $1.4225 per share, yielding around 4.1%; however, the company's payout ratio stands at 103.64%.

Chesley Taft & Associates LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,012 shares of the company's stock after selling 10,995 shares during the quarter. PepsiCo comprises approximately 1.0% of Chesley Taft & Associates LLC's portfolio, making the stock its 29th biggest position. Chesley Taft & Associates LLC's holdings in PepsiCo were worth $21,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG increased its holdings in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of PepsiCo by 3,499.4% during the fourth quarter. Two Sigma Investments LP now owns 614,668 shares of the company's stock valued at $93,466,000 after acquiring an additional 597,591 shares in the last quarter. Two Sigma Advisers LP bought a new position in shares of PepsiCo during the fourth quarter valued at $31,279,000. Finally, Twinbeech Capital LP bought a new position in shares of PepsiCo during the fourth quarter valued at $1,733,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Finally, Bank of America decreased their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $158.60.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $1.03 during trading hours on Friday, reaching $141.76. 12,355,480 shares of the stock traded hands, compared to its average volume of 7,696,786. The company has a 50 day moving average price of $144.39 and a 200 day moving average price of $140.07. The firm 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. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 business 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 business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio is 103.64%.

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.