PepsiCo, Inc. $PEP Shares Sold by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel Inc. has reduced its holdings in PepsiCo by 35.9%, now owning 8,282 shares worth approximately $1,094,000.
• PepsiCo reported a quarterly earnings of $2.12 EPS, surpassing the consensus estimate of $2.03, with revenues totaling $22.73 billion.
• The company has declared a quarterly dividend of $1.4225 per share, which represents an annualized dividend of $5.69 and a yield of 4.0%.

ZWJ Investment Counsel Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 35.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,282 shares of the company's stock after selling 4,639 shares during the period. ZWJ Investment Counsel Inc.'s holdings in PepsiCo were worth $1,094,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PEP. Vanguard Group Inc. grew its holdings in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Bank of New York Mellon Corp grew its holdings in 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 worth $2,108,585,000 after acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 worth $1,728,180,000 after acquiring an additional 208,292 shares during the period. Finally, Invesco Ltd. grew its holdings in PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after acquiring an additional 491,894 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Citigroup dropped their price target on PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Finally, UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $157.87.

PepsiCo Trading Down 0.2%

Shares of NASDAQ PEP opened at $141.98 on Friday. The stock has a market cap of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.59 and a beta of 0.46. The business has a 50 day simple moving average of $144.36 and a 200 day simple moving average of $139.45. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio 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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