Groupe la Francaise Has $3.21 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Groupe la Francaise reduced its stake in PepsiCo by 54.9%, selling 26,115 shares, leaving it with 21,421 shares valued at $3,206,000.
• Institutional investors collectively own 73.07% of PepsiCo, with several firms adjusting their stakes in the company.
• PepsiCo's recent quarterly earnings report showed an EPS of $2.12, exceeding estimates, while announcing a dividend of $1.4225 per share.

Groupe la Francaise trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 54.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,421 shares of the company's stock after selling 26,115 shares during the quarter. Groupe la Francaise's holdings in PepsiCo were worth $3,206,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of PEP. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the fourth quarter worth $31,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the fourth quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the first quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the first quarter worth $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PEP shares. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note 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 research note on Friday, July 18th. Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. 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 stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Down 0.8%

Shares of NASDAQ PEP traded down $1.20 during mid-day trading on Tuesday, reaching $147.00. 11,207,315 shares of the company's stock were exchanged, compared to its average volume of 7,658,064. The firm has a market capitalization of $201.25 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.95 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business has a fifty day simple moving average of $140.01 and a 200 day simple moving average of $140.66. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for 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% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts expect 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. Investors 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 yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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.