NBT Bank N A NY Decreases Stock Position in PepsiCo, Inc. $PEP

Key Points

• NBT Bank N A NY decreased its holdings in PepsiCo, Inc. by 3.3% during Q2, owning 77,534 shares worth approximately $10.24 million after the sale of 2,644 shares.
• Several institutional investors, including Vanguard and Charles Schwab, increased their positions in PepsiCo during Q1, indicating strong interest in the stock.
• PepsiCo reported Q2 earnings of $2.12 EPS, which exceeded expectations, alongside a declaration of a quarterly dividend of $1.4225, reflecting a yield of 4.0%.

NBT Bank N A NY lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,534 shares of the company's stock after selling 2,644 shares during the quarter. NBT Bank N A NY's holdings in PepsiCo were worth $10,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted 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. Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp lifted its position in PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after buying an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PepsiCo by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock worth $1,728,180,000 after buying an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. lifted its position in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after buying an additional 491,894 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PEP. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. BNP Paribas Exane reduced their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $158.13.

PepsiCo Price Performance

PEP stock opened at $140.79 on Wednesday. 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 company has a market capitalization of $192.75 billion, a PE ratio of 25.64, a P/E/G ratio of 3.53 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The business's fifty day moving average price is $144.26 and its 200 day moving average price is $139.31.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is currently 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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