PepsiCo, Inc. $PEP Shares Sold by Goelzer Investment Management Inc.

Key Points

• Goelzer Investment Management Inc. has reduced its holdings in PepsiCo by 3.6%, selling 2,871 shares and bringing its total ownership to 75,993 shares valued at approximately $10 million.
• PepsiCo's recent earnings beat expectations with $2.12 earnings per share, exceeding the consensus estimate of $2.03, alongside a year-over-year revenue increase of 1%.
• The company announced a quarterly dividend of $1.4225 per share, representing a 4.1% yield, and has a current dividend payout ratio of 103.64%.

Goelzer Investment Management Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 75,993 shares of the company's stock after selling 2,871 shares during the quarter. Goelzer Investment Management Inc.'s holdings in PepsiCo were worth $10,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during 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 during the period. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Bank of New York Mellon Corp increased its position in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in PepsiCo by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock valued at $1,728,180,000 after buying an additional 208,292 shares during the period. Finally, Invesco Ltd. increased its holdings in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after buying an additional 491,894 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.7%

NASDAQ PEP traded up $1.03 on Friday, hitting $141.76. The stock had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The business's fifty day moving average price is $144.39 and its 200 day moving average price is $140.07. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. 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 report on Friday, July 18th. Citigroup lifted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four equities research 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.