PepsiCo, Inc. $PEP Shares Sold by Northeast Investment Management

Key Points

• Northeast Investment Management reduced its stake in PepsiCo by 11.2%, selling 8,259 shares, which left them with 65,690 shares valued at approximately $8.67 million.
• PepsiCo reported earnings of $2.29 per share, surpassing analysts' estimates, and had revenues of $23.94 billion for the quarter, marking a 2.7% year-over-year increase.
• The company recently announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.7% with a payout ratio of 108.17%.

Northeast Investment Management lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,690 shares of the company's stock after selling 8,259 shares during the quarter. Northeast Investment Management's holdings in PepsiCo were worth $8,674,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in PEP. Nuveen LLC acquired a new stake in PepsiCo in the first quarter valued at approximately $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in PepsiCo in the second quarter valued at approximately $460,110,000. 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. raised its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after acquiring an additional 1,165,745 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP opened at $153.71 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a market cap of $210.17 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46. The company's 50 day simple moving average is $145.51 and its 200-day simple moving average is $139.33. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities 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 was paid on Tuesday, September 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is 108.17%.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. Piper Sandler increased their price target on shares of PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Tuesday, October 14th. Finally, HSBC increased their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a "hold" rating in a research note on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $156.00.

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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