PepsiCo, Inc. $PEP Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp reduced its stake in PepsiCo by 3.5% to approximately 0.05%, totaling around $97 million, after selling over 26,000 shares in the second quarter.
• Institutional investors own 73.07% of PepsiCo’s stock, indicating strong support from major financial players, with Vanguard Group Inc. and Charles Schwab Investment Management Inc. increasing their holdings during the first quarter.
• PepsiCo recently reported third-quarter earnings of $2.29 per share, exceeding estimates, and announced a quarterly dividend of $1.4225 per share, reflecting a yield of 3.8%.

Boston Trust Walden Corp lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 735,552 shares of the company's stock after selling 26,529 shares during the period. Boston Trust Walden Corp owned approximately 0.05% of PepsiCo worth $97,122,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings 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 acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. grew its holdings 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 acquiring an additional 1,258,198 shares during the period. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings 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 acquiring an additional 208,292 shares during the period. Finally, Invesco Ltd. grew its holdings 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 acquiring an additional 491,894 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PEP. Bank of America upped their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday. JPMorgan Chase & Co. decreased 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. Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Five investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $157.75.

PepsiCo Stock Down 0.8%

Shares of NASDAQ:PEP opened at $148.89 on Tuesday. 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 52-week low of $127.60 and a 52-week high of $177.50. The stock's fifty day simple moving average is $144.72 and its 200-day simple moving average is $139.18. The company has a market capitalization of $203.58 billion, a P/E ratio of 28.31, a P/E/G ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating 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 business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the business earned $2.31 earnings per share. The business's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

PepsiCo Company 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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