Swedbank AB Reduces Holdings in PepsiCo, Inc. $PEP

Key Points

• Swedbank AB significantly reduced its holdings in PepsiCo, Inc. by 61.3%, now owning approximately 0.06% of the company, worth around $101.66 million.
• PepsiCo's recent earnings report revealed an EPS of $2.12, exceeding analyst expectations, with a revenue of $22.73 billion for the quarter, up 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225, representing an annualized yield of 4.0%, with a payout ratio of 103.64%.

Swedbank AB reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 61.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 769,923 shares of the company's stock after selling 1,219,641 shares during the quarter. Swedbank AB owned approximately 0.06% of PepsiCo worth $101,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth about $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo during the 1st quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo during the 1st quarter worth about $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.4%

NASDAQ PEP opened at $140.73 on Friday. The company's fifty day simple moving average is $144.26 and its 200-day simple moving average is $140.25. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market cap of $192.67 billion, a P/E ratio of 25.63, a PEG ratio of 3.57 and a beta of 0.46.

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 analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business 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 company posted $2.28 earnings per share. The business'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. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. 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%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. Wells Fargo & Company raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.

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