PICTET BANK & TRUST Ltd Has $1.20 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• PICTET BANK & TRUST Ltd has reduced its PepsiCo holdings by 53.7%, owning 9,100 shares worth approximately $1.20 million.
• PepsiCo reported an earnings-per-share (EPS) of $2.12 for the last quarter, surpassing analyst expectations and achieving a revenue of $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, yielding 4.0%, with an annualized payout of $5.69.

PICTET BANK & TRUST Ltd lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 53.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,100 shares of the company's stock after selling 10,550 shares during the period. PepsiCo makes up about 1.4% of PICTET BANK & TRUST Ltd's holdings, making the stock its 26th biggest position. PICTET BANK & TRUST Ltd's holdings in PepsiCo were worth $1,202,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Nova Wealth Management Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $28,000. MorganRosel Wealth Management LLC acquired a new stake in PepsiCo in the first quarter valued at approximately $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the first quarter valued at approximately $58,000. Finally, Greykasell Wealth Strategies Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $141.03 on Tuesday. The stock has a market cap of $193.08 billion, a PE ratio of 25.69, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two 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. The stock has a fifty day moving average of $144.50 and a 200-day moving average of $139.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during 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. The firm's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 4.0%. PepsiCo's payout ratio is 103.64%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PEP shares. Royal Bank Of Canada dropped their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Finally, UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Four 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Company 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.

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