PepsiCo, Inc. $PEP Shares Sold by SJS Investment Consulting Inc.

Key Points

• SJS Investment Consulting Inc. significantly reduced its holdings in PepsiCo by 95.2%, owning only 539 shares worth $71,000 after selling 10,798 shares in the second quarter.
• PepsiCo recently declared a quarterly dividend of $1.4225 per share, with a 4.0% dividend yield and a payout ratio of 103.64%.
• Analysts have mixed opinions regarding PepsiCo's stock, with one firm lowering the target price from $175.00 to $170.00 and the consensus rating currently set at "Hold" with an average price target of $158.60.

SJS Investment Consulting Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 95.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 539 shares of the company's stock after selling 10,798 shares during the quarter. SJS Investment Consulting Inc.'s holdings in PepsiCo were worth $71,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.0% during 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 during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 valued at $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of 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 valued at $1,728,180,000 after acquiring an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after acquiring an additional 491,894 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reduced their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Down 0.5%

NASDAQ:PEP opened at $141.03 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $193.08 billion, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The stock's fifty day moving average is $144.50 and its two-hundred day moving average is $139.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm earned $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is presently 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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