PepsiCo, Inc. $PEP Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG reduced its stake in PepsiCo by 5.4%, selling nearly 20,000 shares, which valued their holdings at approximately $45.5 million.
• PepsiCo's recent quarterly earnings surpassed analyst expectations, reporting $2.12 earnings per share against a forecast of $2.03, contributing to a 1.9% rise in its stock price.
• Several analysts have altered their price targets for PepsiCo, with a consensus average target of $158.13 and the majority assigning it a "Hold" rating.

J. Safra Sarasin Holding AG cut its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 344,314 shares of the company's stock after selling 19,776 shares during the period. J. Safra Sarasin Holding AG's holdings in PepsiCo were worth $45,463,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. raised its holdings in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after acquiring an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter valued at about $55,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Citigroup decreased their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company decreased their price objective on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Stock Up 1.9%

PepsiCo stock opened at $143.14 on Thursday. The stock's fifty day simple moving average is $144.43 and its 200-day simple moving average is $139.56. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The firm has a market capitalization of $195.97 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter last year, the company earned $2.28 earnings per share. 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. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

PepsiCo 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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