PepsiCo, Inc. $PEP Stock Holdings Lessened by Financiere des Professionnels Fonds d investissement inc.

Key Points

• Financiere des Professionnels Fonds d investissement inc. reduced its stake in PepsiCo, selling 6,474 shares, bringing its total ownership to 98,608 shares, which makes up about 0.8% of its investment portfolio.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, with a 4.0% yield, despite a payout ratio of 103.64%.
• After its latest earnings report, analysts have mixed ratings for PepsiCo, with a consensus rating of "Hold" and an average target price of $158.60.

Financiere des Professionnels Fonds d investissement inc. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,608 shares of the company's stock after selling 6,474 shares during the quarter. PepsiCo accounts for approximately 0.8% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 26th largest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in PepsiCo were worth $13,020,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. StrongBox Wealth LLC boosted its stake in PepsiCo by 12.1% in the second quarter. StrongBox Wealth LLC now owns 19,772 shares of the company's stock worth $2,611,000 after buying an additional 2,128 shares in the last quarter. Hardin Capital Partners LLC boosted its stake in PepsiCo by 12.0% in the second quarter. Hardin Capital Partners LLC now owns 3,444 shares of the company's stock worth $466,000 after buying an additional 368 shares in the last quarter. Balefire LLC purchased a new stake in shares of PepsiCo during the second quarter valued at approximately $322,000. Berkshire Bank boosted its stake in shares of PepsiCo by 23.1% during the second quarter. Berkshire Bank now owns 10,882 shares of the company's stock valued at $1,437,000 after purchasing an additional 2,042 shares during the period. Finally, Krilogy Financial LLC purchased a new stake in shares of PepsiCo during the second quarter valued at approximately $1,630,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PEP traded up $1.03 on Friday, hitting $141.76. 12,355,480 shares of the company's stock traded hands, compared to its average volume of 7,696,786. The company's 50 day simple moving average is $144.39 and its 200-day simple moving average is $140.07. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a market cap 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 current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results 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. The firm had revenue of $22.73 billion for 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 company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current 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 $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PEP shares. Royal Bank Of Canada dropped their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup upped their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $158.60.

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.