PepsiCo, Inc. $PEP Shares Sold by Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 93.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,145 shares of the company’s stock after selling 45,153 shares during the quarter. Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A.’s holdings in PepsiCo were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the second quarter worth $29,000. Investment Research & Advisory Group Inc. lifted its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in PepsiCo in the second quarter valued at $45,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday. Morgan Stanley boosted their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, UBS Group dropped their price target 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. Five research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $158.88.

PepsiCo Trading Up 3.7%

Shares of NASDAQ:PEP opened at $150.08 on Friday. The business’s 50 day moving average price is $144.53 and its 200-day moving average price is $139.26. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

About PepsiCo

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.