Te Ahumairangi Investment Management Ltd Sells 2,000 Shares of PepsiCo, Inc. $PEP

Key Points

• Te Ahumairangi Investment Management Ltd decreased its holdings in PepsiCo by 11.8%, selling 2,000 shares during the first quarter, leaving them with 15,004 shares valued at $2.25 million.
• PepsiCo recently reported a quarterly earnings per share (EPS) of $2.12, surpassing analysts' expectations of $2.03, with a revenue of $22.73 billion.
• The company is paying a quarterly dividend of $1.4225 per share on September 30th, representing an annualized yield of 3.9% and a payout ratio of 103.64%.

Te Ahumairangi Investment Management Ltd trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.8% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,004 shares of the company's stock after selling 2,000 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in PepsiCo were worth $2,250,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PEP. Nuveen LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $946,978,000. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after buying an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. grew its position in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of PepsiCo in the 4th quarter valued at about $221,297,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Citigroup boosted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Up 1.1%

Shares of PEP traded up $1.67 during midday trading on Monday, hitting $148.65. The stock had a trading volume of 7,757,444 shares, compared to its average volume of 7,707,316. The company has a 50 day simple moving average of $141.52 and a two-hundred day simple moving average of $140.74. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The firm has a market cap of $203.51 billion, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 3.96 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the business posted $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 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.