Flputnam Investment Management Co. Reduces Holdings in PepsiCo, Inc. $PEP

Key Points

• Flputnam Investment Management Co. reduced its holdings in PepsiCo by 2.0% in the first quarter, selling 2,286 shares and leaving it with 109,625 shares valued at approximately $16.4 million.
• PepsiCo's latest earnings report showed $2.12 earnings per share for the quarter, exceeding analysts’ expectations, while revenue increased by 1.0% year-over-year, totaling $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting a 3.8% yield, with a dividend payout ratio currently at 103.64%.

Flputnam Investment Management Co. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,625 shares of the company's stock after selling 2,286 shares during the quarter. Flputnam Investment Management Co.'s holdings in PepsiCo were worth $16,437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Legacy Financial Group LLC raised its position in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Pflug Koory LLC increased its position in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares in the last quarter. Hoge Financial Services LLC increased its position in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares in the last quarter. Members Trust Co increased its position in PepsiCo by 1.3% during the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after buying an additional 77 shares in the last quarter. Finally, Fairview Capital Investment Management LLC increased its position in PepsiCo by 2.3% during the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after buying an additional 78 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 1.1%

Shares of NASDAQ PEP opened at $148.65 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $203.51 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.96 and a beta of 0.45. The stock has a 50 day moving average price of $141.13 and a 200 day moving average price of $140.73. 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 posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America cut their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company raised their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Four equities research 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's stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $158.73.

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.

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