Gamco Investors INC. ET AL Sells 4,535 Shares of PepsiCo, Inc. $PEP

Key Points

• Gamco Investors INC. ET AL has reduced its stake in PepsiCo, Inc. by 6.4%, resulting in ownership of 66,387 shares valued at approximately $9.95 million.
• PepsiCo's quarterly earnings exceeded expectations, reporting $2.12 EPS which surpassed consensus estimates by $0.09, with revenues of $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 3.9%, with a payout ratio of 103.64%.

Gamco Investors INC. ET AL lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,387 shares of the company's stock after selling 4,535 shares during the quarter. Gamco Investors INC. ET AL's holdings in PepsiCo were worth $9,954,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Nuveen LLC bought a new stake in PepsiCo in the first quarter valued at about $946,978,000. GAMMA Investing LLC increased its holdings in shares of PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PepsiCo in the fourth quarter worth about $221,297,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PEP shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their price target 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. Wells Fargo & Company increased their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Up 1.1%

NASDAQ PEP traded up $1.67 during trading hours on Friday, hitting $148.65. 7,757,444 shares of the company traded hands, compared to its average volume of 7,700,821. The business's 50-day moving average is $141.13 and its 200-day moving average is $140.73. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. 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 stock has a market capitalization of $203.51 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 3.96 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the firm posted $2.28 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

About PepsiCo

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.