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

A number of other large investors have also recently bought and sold shares of the business. Nova Wealth Management Inc. bought a new stake in PepsiCo during the first quarter worth approximately $25,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth $28,000. Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the first quarter valued at about $58,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP traded up $1.03 during midday trading on Friday, reaching $141.76. 12,355,480 shares of the company's stock were exchanged, compared to its average volume of 7,696,786. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $194.08 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The business has a 50-day simple moving average of $144.39 and a two-hundred day simple moving average of $140.16.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday. Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus 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.