Lecap Asset Management Ltd. Sells 10,955 Shares of PepsiCo, Inc. $PEP

Key Points

• Lecap Asset Management Ltd. reduced its stake in PepsiCo by 75.1%, selling 10,955 shares and leaving them with 3,629 shares valued at $479,000.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' estimates, and generated revenue of $22.73 billion, up 1% year-over-year.
• The company announced a quarterly dividend of $1.4225, reflecting an annualized dividend of $5.69 and a yield of 4.0%, despite having a payout ratio of 103.64%.

Lecap Asset Management Ltd. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 75.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,629 shares of the company's stock after selling 10,955 shares during the period. Lecap Asset Management Ltd.'s holdings in PepsiCo were worth $479,000 at the end of the most recent reporting period.

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

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.31 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market cap of $194.83 billion, a PE ratio of 25.92, a PEG ratio of 3.61 and a beta of 0.46. The company's fifty day moving average is $144.39 and its 200 day moving average is $139.50. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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. 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 period last year, the firm earned $2.28 earnings per share. The company'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. Research analysts anticipate 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. dropped 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. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday, September 11th. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note 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 company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $157.87.

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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