JLB & Associates Inc. Reduces Stake in PepsiCo, Inc. $PEP

Key Points

• JLB & Associates Inc. reduced its stake in PepsiCo, Inc. by 4.0% during Q2, bringing their holdings to 69,297 shares valued at approximately $9.15 million.
• Analysts have lowered their price targets for PepsiCo, with Wells Fargo reducing theirs from $154.00 to $150.00, while Morgan Stanley raised theirs from $153.00 to $165.00.
• PepsiCo announced a quarterly dividend of $1.4225, providing an annualized yield of 4.1%, with the payout ratio currently at 103.64%.

JLB & Associates Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,297 shares of the company's stock after selling 2,869 shares during the period. JLB & Associates Inc.'s holdings in PepsiCo were worth $9,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Nuveen LLC bought a new stake in PepsiCo in the first quarter worth $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of PepsiCo in the second quarter valued at $460,110,000. Assenagon Asset Management S.A. lifted its holdings in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. 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 report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, 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 research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.13.

PepsiCo Trading Down 0.2%

NASDAQ:PEP opened at $140.17 on Tuesday. The firm has a 50-day simple moving average of $144.60 and a 200-day simple moving average of $139.53. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The firm has a market cap of $191.90 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.54 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 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.

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