PepsiCo, Inc. $PEP Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in PepsiCo, Inc. by 31.7%, selling nearly 2.94 million shares, and now holds approximately 0.46% of the company valued at $959.5 million.
• The stock has received mixed analyst ratings, with price targets ranging from $132 to $168, and is currently rated as a "Hold" with an average target of $158.73.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 3.8%, with the dividend payout ratio at 103.64%.

Amundi lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,338,812 shares of the company's stock after selling 2,939,989 shares during the period. Amundi owned about 0.46% of PepsiCo worth $959,501,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the fourth quarter worth about $31,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo in the 1st quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the 1st quarter valued at about $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $0.50 during trading on Friday, hitting $146.39. The stock had a trading volume of 7,185,531 shares, compared to its average volume of 8,037,725. The business has a fifty day moving average of $143.00 and a two-hundred day moving average of $140.90. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The firm has a market cap of $200.42 billion, a P/E ratio of 26.66, a PEG ratio of 3.71 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 issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 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 for the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the previous year, the business earned $2.28 earnings per share. PepsiCo's revenue for the quarter 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, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid 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 yield of 3.9%. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PEP shares. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Four 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 MarketBeat, the company has an average rating of "Hold" and an average target price of $158.60.

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.