PepsiCo, Inc. $PEP Holdings Trimmed by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in PepsiCo by 4.0%, holding 448,264 shares valued at approximately $67.2 million after selling 18,852 shares during the first quarter.
• PepsiCo reported $2.12 earnings per share in its latest quarterly earnings, beating analysts' estimates, and achieved $22.73 billion in revenue, reflecting a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.9%, but has a high dividend payout ratio of 103.64%.

Lansforsakringar Fondforvaltning AB publ trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 448,264 shares of the company's stock after selling 18,852 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in PepsiCo were worth $67,213,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PEP. Legacy Financial Group LLC boosted its stake in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Pflug Koory LLC boosted its stake in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the period. Hoge Financial Services LLC boosted its stake in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares during the period. Members Trust Co boosted its stake in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after acquiring an additional 77 shares during the period. Finally, Fairview Capital Investment Management LLC boosted its stake in PepsiCo by 2.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after acquiring an additional 78 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ:PEP traded up $1.67 during midday trading on Monday, hitting $148.65. 7,757,444 shares of the stock were exchanged, compared to its average volume of 7,707,316. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The company has a market capitalization of $203.51 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 3.96 and a beta of 0.46. The business has a 50-day moving average price of $141.13 and a two-hundred day moving average price of $140.70. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the company earned $2.28 earnings per share. The firm's quarterly 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 predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. 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%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Barclays lifted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Citigroup lifted their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.73.

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.