PepsiCo, Inc. $PEP Shares Sold by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG decreased its holdings in PepsiCo by 43.1% during the second quarter, owning 139,633 shares worth $18.44 million after selling 105,972 shares.
• PepsiCo's stock recently opened at $139.92 with a market cap of $191.56 billion, and it has a 52-week low of $127.60 and a high of $177.50.
• The company announced a quarterly dividend of $1.4225 per share, yielding 4.1%, with a payout ratio of 103.64%.

Bank Pictet & Cie Europe AG decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 43.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 139,633 shares of the company's stock after selling 105,972 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in PepsiCo were worth $18,437,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PEP. Vanguard Group Inc. raised its holdings in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of 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 purchasing an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after purchasing 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 shares of 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 purchasing an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. grew its stake in PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research reports. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada lowered their price target on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. UBS Group reduced their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Four 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $158.13.

PepsiCo Stock Down 1.6%

PEP stock opened at $139.92 on Friday. The stock has a market cap of $191.56 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.59 and a beta of 0.46. The firm's 50-day simple moving average is $144.68 and its 200 day simple moving average is $139.79. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm 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 dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's payout ratio is presently 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.

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