DekaBank Deutsche Girozentrale Reduces Position in PepsiCo, Inc. $PEP

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in PepsiCo, Inc. by 0.3% during the second quarter, holding a total of 2,757,161 shares worth approximately $362.63 million.
• PepsiCo recently reported quarterly earnings of $2.29 EPS, exceeding expectations, with revenue of $23.94 billion, up 2.7% year-over-year.
• The company declared a quarterly dividend of $1.4225, yielding 3.7%, with a dividend payout ratio of 108.17%.

DekaBank Deutsche Girozentrale cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,757,161 shares of the company's stock after selling 7,093 shares during the quarter. PepsiCo comprises approximately 0.6% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 26th biggest holding. DekaBank Deutsche Girozentrale owned 0.20% of PepsiCo worth $362,632,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PEP. Brighton Jones LLC grew 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 buying an additional 6,574 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock valued at $4,589,000 after buying an additional 6,712 shares during the last quarter. Advisor Resource Council acquired a new position in PepsiCo during the first quarter valued at $819,000. GAM Holding AG lifted its position in PepsiCo by 62.3% during the first quarter. GAM Holding AG now owns 11,413 shares of the company's stock valued at $1,711,000 after purchasing an additional 4,383 shares during the period. Finally, Cullinan Associates Inc. lifted its position in PepsiCo by 4.2% during the first quarter. Cullinan Associates Inc. now owns 27,493 shares of the company's stock valued at $4,122,000 after purchasing an additional 1,100 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.7%

PEP opened at $153.71 on Monday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average price of $145.51 and a 200 day moving average price of $139.25. The company has a market cap of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter in the prior year, the company earned $2.31 EPS. PepsiCo's revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo's dividend payout ratio is 108.17%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Citigroup cut their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America lifted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a report on Friday, October 10th. Finally, Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $156.00.

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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