Ilmarinen Mutual Pension Insurance Co Sells 33,500 Shares of PepsiCo, Inc. $PEP

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its holdings in PepsiCo by 17% in Q1, selling 33,500 shares and retaining 163,000 shares valued at approximately $24.44 million.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' expectations of $2.03, during the latest earnings call.
• A quarterly dividend of $1.4225 per share has been declared, representing an annualized dividend of $5.69 and a yield of 4.0%.

Ilmarinen Mutual Pension Insurance Co lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,000 shares of the company's stock after selling 33,500 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in PepsiCo were worth $24,440,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of PEP. Legacy Financial Group LLC boosted its position in shares of PepsiCo by 4.9% in 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 period. Pflug Koory LLC boosted its position in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the period. Hoge Financial Services LLC boosted its position in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the period. Members Trust Co boosted its position in shares of PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after purchasing an additional 77 shares during the period. Finally, Rothschild Investment LLC boosted its position in shares of PepsiCo by 0.5% in the 1st quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.70 during trading on Friday, reaching $143.53. The company had a trading volume of 5,713,041 shares, compared to its average volume of 8,264,811. The firm's 50 day simple moving average is $143.81 and its two-hundred day simple moving average is $140.60. 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, Inc. has a one year low of $127.60 and a one year high of $179.43. The company has a market capitalization of $196.50 billion, a PE ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business earned $2.28 EPS. The firm's 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 forecast 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. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a research report on Wednesday, September 3rd. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. 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. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $158.67.

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.