Canada Pension Plan Investment Board Sells 1,818,836 Shares of PepsiCo, Inc. $PEP

Key Points

• The Canada Pension Plan Investment Board has significantly reduced its holdings in PepsiCo by 48.7%, owning approximately 0.14% of the company after selling nearly 1.8 million shares.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' expectations and showing a revenue increase of 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, with a yield of 3.9%, scheduled for payment on September 30th.

Canada Pension Plan Investment Board decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 48.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,914,083 shares of the company's stock after selling 1,818,836 shares during the quarter. Canada Pension Plan Investment Board owned about 0.14% of PepsiCo worth $286,998,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WPG Advisers LLC acquired a new position in shares of PepsiCo during the first quarter worth approximately $127,000. Gerber Kawasaki Wealth & Investment Management lifted its stake in shares of PepsiCo by 27.0% during the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 3,775 shares of the company's stock valued at $566,000 after acquiring an additional 803 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of PepsiCo during the first quarter valued at $2,547,000. Northstar Financial Companies Inc. lifted its stake in PepsiCo by 21.3% in the first quarter. Northstar Financial Companies Inc. now owns 5,525 shares of the company's stock valued at $828,000 after buying an additional 969 shares during the period. Finally, Oarsman Capital Inc. lifted its stake in PepsiCo by 10.1% in the first quarter. Oarsman Capital Inc. now owns 10,794 shares of the company's stock valued at $1,618,000 after buying an additional 987 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 1.1%

Shares of PEP stock traded up $1.67 on Monday, hitting $148.65. The company had a trading volume of 7,757,444 shares, compared to its average volume of 7,707,316. The stock's 50-day moving average is $141.52 and its two-hundred day moving average is $140.74. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The firm has a market cap of $203.51 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.96 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter last year, the firm posted $2.28 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Ratings Changes

A number of research firms have recently commented on PEP. Citigroup raised their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Barclays lifted their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.