PepsiCo, Inc. $PEP Shares Sold by Strs Ohio

Strs Ohio trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 608,963 shares of the company’s stock after selling 31,100 shares during the quarter. Strs Ohio’s holdings in PepsiCo were worth $94,566,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the period. Caxton Associates LLP purchased a new stake in PepsiCo in the 1st quarter worth approximately $251,000. Sivia Capital Partners LLC increased its stake in shares of PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in PepsiCo by 10.1% in the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after buying an additional 167,707 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS reportedly said defensive dividend names like PepsiCo could be poised for a comeback as investors rotate beyond tech-heavy winners. Article Title
• Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, reinforcing its sustainability and supply-chain strategy. Article Title
• Positive Sentiment: Several commentary pieces highlighted PepsiCo as an attractive dividend stock and noted its efforts in innovation, marketing, and operational changes, which may support long-term sentiment. Article Title
• Neutral Sentiment: Analysts at Barclays and JPMorgan both cut PepsiCo price targets, but kept their ratings unchanged, signaling softer near-term expectations rather than a major thesis change.
• Neutral Sentiment: UBS also trimmed PepsiCo’s target, saying the long-run story remains intact despite near-term headwinds. Article Title
• Neutral Sentiment: News flow ahead of Q2 earnings next week suggests investors are waiting for confirmation on growth, with some reports saying retail interest has cooled and North American top-line trends remain under pressure.
• Neutral Sentiment: PepsiCo’s agriculture-goals update, executive commentary on “making the simple special,” and leadership appointments in Europe are supportive corporate updates, but likely have limited immediate stock impact.
• Negative Sentiment: Some analysts lowered earnings forecasts for upcoming fiscal periods, reinforcing concerns that growth may stay muted in the near term.
• Negative Sentiment: Reports that PepsiCo’s North America top-line trends were still under pressure and that the stock may be losing momentum with retail investors could weigh on sentiment into earnings. Article Title

PepsiCo Stock Up 2.2%

Shares of NASDAQ PEP opened at $144.22 on Friday. PepsiCo, Inc. has a 12-month low of $132.96 and a 12-month high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The firm’s 50-day simple moving average is $147.02 and its 200 day simple moving average is $151.81. The company has a market cap of $197.12 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 2.85 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the previous year, the company posted $1.48 EPS. PepsiCo’s revenue was up 8.5% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.1%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s payout ratio is currently 92.94%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. HSBC increased their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a report on Thursday, April 9th. Citigroup lowered their target price on PepsiCo from $182.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, June 25th. UBS Group dropped their target price on shares of PepsiCo from $186.00 to $172.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wells Fargo & Company decreased their target price on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Friday, June 5th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $165.00.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.