New York State Teachers Retirement System Has $153.49 Million Stake in PepsiCo, Inc. $PEP

Key Points

• The New York State Teachers Retirement System reduced its stake in PepsiCo by **0.8%**, currently holding **1,162,436 shares** valued at **$153.49 million**.
• PepsiCo reported an earnings per share (EPS) of **$2.29**, exceeding consensus estimates by **$0.03**, with a revenue of **$23.94 billion** for the latest quarter.
• The company's recent quarterly dividend of **$1.4225 per share** translates to an annualized dividend of **$5.69** and a dividend yield of **3.8%**.

New York State Teachers Retirement System decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,162,436 shares of the company's stock after selling 9,169 shares during the quarter. New York State Teachers Retirement System owned 0.08% of PepsiCo worth $153,488,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Uptick Partners LLC lifted its holdings in shares of PepsiCo by 30.9% during the 2nd quarter. Uptick Partners LLC now owns 5,200 shares of the company's stock valued at $687,000 after purchasing an additional 1,229 shares in the last quarter. Smart Portfolios LLC lifted its holdings in shares of PepsiCo by 5.1% during the 2nd quarter. Smart Portfolios LLC now owns 3,493 shares of the company's stock valued at $461,000 after purchasing an additional 170 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of PepsiCo by 80.1% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 2,159 shares of the company's stock valued at $285,000 after purchasing an additional 960 shares in the last quarter. Kennon Green & Company LLC lifted its holdings in shares of PepsiCo by 12.9% during the 2nd quarter. Kennon Green & Company LLC now owns 23,231 shares of the company's stock valued at $3,142,000 after purchasing an additional 2,662 shares in the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of PepsiCo by 37.4% during the 2nd quarter. Mutual Advisors LLC now owns 74,071 shares of the company's stock valued at $10,626,000 after purchasing an additional 20,171 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.3%

PEP stock opened at $151.16 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The business has a 50 day moving average price of $145.17 and a two-hundred day moving average price of $139.35. The company has a market cap of $206.69 billion, a price-to-earnings ratio of 28.74, a P/E/G ratio of 3.69 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the company posted $2.31 EPS. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's payout ratio is currently 108.17%.

Analyst Ratings Changes

Several research firms have recently weighed in on PEP. Citigroup cut their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. Wells Fargo & Company lifted their target price on PepsiCo from $150.00 to $154.00 and gave the company a "positive" rating in a research report on Friday, October 10th. Bank of America lifted their target price on PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research report on Monday, October 6th. Finally, HSBC raised their price target on PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a research note on Friday, October 10th. Six equities research 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 presently has an average rating of "Hold" and a consensus target price of $156.00.

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.

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