Quintet Private Bank Europe S.A. Has $1.33 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Quintet Private Bank Europe S.A. reduced its stake in PepsiCo by 49.5% in the second quarter, holding 10,055 shares valued at approximately $1.33 million at the end of the period.
• Despite the reduction in shareholding by some institutions, 73.07% of PepsiCo's stock is still owned by institutional investors and hedge funds, indicating strong institutional interest.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, yielding an annualized dividend of 4.0% and a projected payout ratio of 103.64%.

Quintet Private Bank Europe S.A. cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 49.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,055 shares of the company's stock after selling 9,842 shares during the period. Quintet Private Bank Europe S.A.'s holdings in PepsiCo were worth $1,328,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

PEP has been the topic of several research analyst reports. UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup increased their price objective 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. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus price target of $158.67.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.53 on Monday. The firm has a market cap of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46. The firm's fifty day moving average is $143.81 and its 200-day moving average is $140.44. 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, Inc. has a 52 week low of $127.60 and a 52 week high of $179.43.

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 analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 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.

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