First Hawaiian Bank Has $1.54 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• First Hawaiian Bank reduced its holdings in PepsiCo, Inc. by 15.9%, now owning 10,263 shares valued at approximately $1.54 million.
• PepsiCo reported a quarterly EPS of $2.12, exceeding analyst estimates, with a total revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225, yielding 4.0%, with a dividend payout ratio currently at 103.64%.

First Hawaiian Bank lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 15.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 10,263 shares of the company's stock after selling 1,944 shares during the period. First Hawaiian Bank's holdings in PepsiCo were worth $1,539,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. lifted its position in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC lifted its position in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares during the period. Graybill Wealth Management LTD. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after purchasing an additional 6,112 shares during the period. Finally, Inspire Trust Co. N.A. increased its stake in shares of PepsiCo by 39.2% in the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock valued at $2,604,000 after acquiring an additional 4,825 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday. Barclays lifted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.67.

PepsiCo Stock Performance

Shares of PEP stock opened at $143.53 on Friday. The firm has a market capitalization of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The firm has a fifty day simple moving average of $143.81 and a two-hundred day simple moving average of $140.52. 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, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 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 analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio is currently 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.

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