Intech Investment Management LLC Sells 11,477 Shares of PepsiCo, Inc. $PEP

Key Points

• Intech Investment Management LLC reduced its holdings in PepsiCo by 16.1%, selling 11,477 shares to own a total of 59,774 shares, valued at approximately $8,963,000.
• PepsiCo reported a quarterly earnings per share of $2.12, exceeding analysts' expectations of $2.03, with revenue reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting a 4.0% dividend yield, with the payout ratio currently at 103.64%.

Intech Investment Management LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 59,774 shares of the company's stock after selling 11,477 shares during the quarter. Intech Investment Management LLC's holdings in PepsiCo were worth $8,963,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Focus Partners Wealth increased its position in shares of PepsiCo by 0.3% during the first quarter. Focus Partners Wealth now owns 1,122,798 shares of the company's stock worth $168,353,000 after acquiring an additional 3,187 shares in the last quarter. Flaharty Asset Management LLC bought a new position in PepsiCo during the 1st quarter worth about $60,000. Integrity Alliance LLC. raised its stake in shares of PepsiCo by 626.1% in the 1st quarter. Integrity Alliance LLC. now owns 18,595 shares of the company's stock valued at $2,788,000 after purchasing an additional 16,034 shares during the period. Ransom Advisory Ltd bought a new stake in shares of PepsiCo in the first quarter valued at about $3,129,000. Finally, Anchor Investment Management LLC boosted its position in shares of PepsiCo by 9.5% during the first quarter. Anchor Investment Management LLC now owns 22,062 shares of the company's stock worth $3,308,000 after buying an additional 1,919 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ PEP opened at $142.66 on Thursday. The firm has a market capitalization of $195.31 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. 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 firm's fifty day moving average price is $143.47 and its two-hundred day moving average price is $140.75. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the business earned $2.28 EPS. PepsiCo'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. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced 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 currently 103.64%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Bank of America reduced their target price 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. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a research note on Wednesday, September 3rd. Four 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 presently has an average rating of "Hold" and a consensus price target 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.

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