Guggenheim Capital LLC Cuts Holdings in PepsiCo, Inc. $PEP

Key Points

• Guggenheim Capital LLC has reduced its stake in PepsiCo, Inc. by 9.6%, now holding 500,244 shares valued at approximately $75 million.
• PepsiCo's recent earnings report showed an EPS of $2.12, exceeding analyst expectations, with revenue of $22.73 billion, reflecting a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.4225 per share, indicating a 3.9% yield with a payout ratio of 103.64%.

Guggenheim Capital LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 500,244 shares of the company's stock after selling 53,370 shares during the period. PepsiCo comprises 0.7% of Guggenheim Capital LLC's holdings, making the stock its 17th largest holding. Guggenheim Capital LLC's holdings in PepsiCo were worth $75,007,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares during the period. Susquehanna Fundamental Investments LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $669,000. Lido Advisors LLC increased its position in shares of PepsiCo by 11.4% during the fourth quarter. Lido Advisors LLC now owns 88,779 shares of the company's stock worth $13,601,000 after buying an additional 9,119 shares during the period. Finally, Schonfeld Strategic Advisors LLC increased its position in shares of PepsiCo by 203.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 40,185 shares of the company's stock worth $6,111,000 after buying an additional 26,935 shares during the period. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PEP shares. Barclays increased their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Citigroup increased their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Morgan Stanley raised 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. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Up 1.1%

Shares of NASDAQ PEP traded up $1.67 during mid-day trading on Friday, reaching $148.65. 7,757,444 shares of the company's stock traded hands, compared to its average volume of 7,700,821. The stock has a market cap of $203.51 billion, a P/E ratio of 27.08, a PEG ratio of 3.96 and a beta of 0.45. The business has a 50-day simple moving average of $141.13 and a 200 day simple moving average of $140.73. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

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

PepsiCo Announces Dividend

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