Pensionfund Sabic Sells 2,800 Shares of PepsiCo, Inc. $PEP

Key Points

• Pensionfund Sabic has reduced its stake in PepsiCo, Inc. by 14.7%, now holding 16,200 shares worth approximately $2.4 million.
• Several institutional investors, including AG2R LA Mondiale and Swedbank AB, have made significant changes to their positions in PepsiCo, with hedge funds and other institutions owning 73.07% of the company's stock.
• PepsiCo reported $2.12 earnings per share, exceeding analysts' expectations, and announced a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 4.0%.

Pensionfund Sabic reduced its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,200 shares of the company's stock after selling 2,800 shares during the quarter. Pensionfund Sabic's holdings in PepsiCo were worth $2,429,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PEP. Brighton Jones LLC grew its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG increased its position in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares in the last quarter. Raiffeisen Bank International AG purchased a new position in PepsiCo during the fourth quarter worth $2,234,000. Rafferty Asset Management LLC grew its position in shares of PepsiCo by 16.4% in the fourth quarter. Rafferty Asset Management LLC now owns 203,195 shares of the company's stock valued at $30,898,000 after purchasing an additional 28,610 shares during the period. Finally, Sherbrooke Park Advisers LLC boosted its holdings in PepsiCo by 21.1% in the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,965 shares of the company's stock valued at $755,000 after acquiring an additional 866 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. 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 research note on Friday, July 11th. Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research note on Wednesday, September 3rd. Four 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $158.67.

PepsiCo Price Performance

NASDAQ:PEP traded down $2.89 during mid-day trading on Monday, reaching $140.64. The stock had a trading volume of 7,258,591 shares, compared to its average volume of 8,092,407. The stock has a market capitalization of $192.55 billion, a PE ratio of 25.62, a P/E/G ratio of 3.63 and a beta of 0.46. The stock has a 50-day simple moving average of $143.93 and a two-hundred day simple moving average of $140.35. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43.

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 company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the business earned $2.28 EPS. The firm's 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. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio is currently 103.64%.

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.