PepsiCo, Inc. $PEP Stake Lowered by Belpointe Asset Management LLC

Key Points

• Belpointe Asset Management LLC reduced its stake in PepsiCo, Inc. by 43.4%, bringing its holdings to 15,649 shares worth approximately $2.34 million.
• PepsiCo reported quarterly earnings of $2.12 per share, exceeding estimates, with a revenue of $22.73 billion, indicating a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.4225 per share, reflecting an annualized dividend of $5.69 and a dividend yield of 4.0%.

Belpointe Asset Management LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 43.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,649 shares of the company's stock after selling 11,976 shares during the period. Belpointe Asset Management LLC's holdings in PepsiCo were worth $2,347,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.4% in the first 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 5.0% in 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 purchasing an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in PepsiCo by 0.4% in 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 purchasing an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PepsiCo by 1.8% in 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 purchasing an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.3%

Shares of PEP opened at $142.66 on Thursday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43. 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 firm has a market capitalization of $195.31 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.62 and a beta of 0.46. The company has a 50-day simple moving average of $143.47 and a 200-day simple moving average of $140.75.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. 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. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

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 paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analysts Set New Price Targets

PEP has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Citigroup boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays boosted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Royal Bank Of Canada reissued a "sector perform" rating and set a $146.00 target price on shares of PepsiCo in a research report on Wednesday, September 3rd. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four equities research 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, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.60.

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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