Villere ST Denis J & Co. LLC Trims Position in PepsiCo, Inc. $PEP

Key Points

• Villere ST Denis J & Co. LLC has reduced its position in PepsiCo, Inc. by 1.9%, now holding 147,661 shares valued at approximately $19.5 million.
• PepsiCo's recent quarterly earnings show an EPS of $2.29, surpassing estimates, with revenues reaching $23.94 billion, marking a 2.7% year-over-year increase.
• The company recently announced a quarterly dividend of $1.4225 per share, with an annualized dividend yield of 3.8%, despite a high dividend payout ratio of 103.64%.

Villere ST Denis J & Co. LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 147,661 shares of the company's stock after selling 2,814 shares during the period. Villere ST Denis J & Co. LLC's holdings in PepsiCo were worth $19,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of PEP. Nuveen LLC purchased a new position in shares of PepsiCo during the 1st quarter worth $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth $460,110,000. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG raised its holdings in PepsiCo by 14.3% in the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after buying an additional 1,165,745 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 3.7%

Shares of NASDAQ:PEP opened at $150.08 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The firm's 50-day moving average is $144.53 and its two-hundred day moving average is $139.32. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Barclays boosted their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a report on Friday. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $158.25.

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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