Northwestern Mutual Wealth Management Co. Trims Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Northwestern Mutual Wealth Management Co. reduced its holdings in PepsiCo, Inc. by 2.8%, selling 7,066 shares and holding 242,702 shares valued at $36.39 million.
• PepsiCo recently reported quarterly earnings with an EPS of $2.12, exceeding estimates, and has set its FY 2025 guidance at 8.038 EPS.
• The company announced a quarterly dividend of $1.4225 per share, representing a 3.8% annual yield and a payout ratio of 103.64%.

Northwestern Mutual Wealth Management Co. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,702 shares of the company's stock after selling 7,066 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in PepsiCo were worth $36,391,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in PepsiCo in the 1st quarter valued at $946,978,000. GAMMA Investing LLC grew its stake in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. grew its stake in PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the period. Vanguard Group Inc. grew its stake in PepsiCo by 1.4% in the 1st 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 during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo in the 4th quarter valued at $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. 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 note on Monday, July 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Finally, Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Trading Down 0.4%

Shares of NASDAQ PEP traded down $0.66 during trading on Thursday, hitting $146.98. 9,263,777 shares of the company were exchanged, compared to its average volume of 8,492,885. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a fifty day moving average price of $140.74 and a 200-day moving average price of $140.73. The firm has a market capitalization of $201.23 billion, a PE ratio of 26.77, a P/E/G ratio of 3.92 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the firm earned $2.28 EPS. The company's quarterly 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 research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 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.