PepsiCo, Inc. $PEP Shares Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in PepsiCo by 36.0%, trimming its holdings to 117,005 shares worth $15,449,000 after selling 65,684 shares during the 2nd quarter.
• Analysts have mixed opinions on PepsiCo, with Barclays maintaining a cautious rating, while Morgan Stanley raised the price target from $153.00 to $165.00, indicating an "equal weight" rating.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69 and a yield of 4.0%, despite a high payout ratio of 103.64%.

Robeco Institutional Asset Management B.V. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 36.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,005 shares of the company's stock after selling 65,684 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in PepsiCo were worth $15,449,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dogwood Wealth Management LLC raised its holdings in PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock worth $73,000 after purchasing an additional 72 shares in the last quarter. Centurion Wealth Management LLC raised its stake in PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after acquiring an additional 75 shares in the last quarter. SK Wealth Management LLC lifted its position in PepsiCo by 3.3% in the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after acquiring an additional 75 shares during the last quarter. Pflug Koory LLC lifted its position in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC boosted its stake in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays reiterated a "cautious" rating on shares of PepsiCo in a research report on Friday. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Finally, JPMorgan Chase & Co. cut 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 analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $157.87.

PepsiCo Trading Down 0.2%

NASDAQ:PEP opened at $141.98 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock's 50 day simple moving average is $144.36 and its 200-day simple moving average is $139.39. The firm has a market cap of $194.38 billion, a P/E ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was 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.

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