Lindsell Train Ltd Decreases Stake in PepsiCo, Inc. $PEP

Lindsell Train Ltd cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 29.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,277,185 shares of the company’s stock after selling 524,786 shares during the quarter. PepsiCo comprises approximately 6.3% of Lindsell Train Ltd’s portfolio, making the stock its 8th largest holding. Lindsell Train Ltd’s holdings in PepsiCo were worth $198,334,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Captrust Financial Advisors raised its position in PepsiCo by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after purchasing an additional 19,218 shares during the last quarter. Swiss Life Asset Management Ltd boosted its position in PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after buying an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its stake in shares of PepsiCo by 622.3% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after buying an additional 30,674 shares during the period. Allstate Corp raised its position in shares of PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after acquiring an additional 54,405 shares during the last quarter. Finally, National Pension Service lifted its stake in shares of PepsiCo by 2.5% during the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock valued at $451,218,000 after acquiring an additional 77,051 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $141.16 on Thursday. The stock has a market cap of $192.93 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. The stock has a 50-day moving average of $147.24 and a 200-day moving average of $151.86. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo, Inc. has a one year low of $132.96 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP) last released 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 business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm earned $1.48 EPS. PepsiCo’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.62 earnings per share for the current 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 issued a $1.48 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is presently 92.94%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PEP shares. Jefferies Financial Group set a $162.00 price objective on PepsiCo in a research report on Thursday, June 25th. UBS Group reduced their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of PepsiCo from $173.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Sanford C. Bernstein set a $142.00 price objective on shares of PepsiCo and gave the company a “market perform” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $166.40.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, highlighting gains in regenerative farming, sustainable sourcing, and livelihoods initiatives, which supports its long-term ESG and supply-chain strategy. PepsiCo Announces Progress Toward 2030 Agriculture Goals
• Positive Sentiment: JPMorgan reaffirmed an Overweight rating on PepsiCo while trimming its price target to $170 from $178, suggesting analysts still see meaningful upside from current levels. JPMorgan Adjusts Price Target on PepsiCo
• Positive Sentiment: Citi also kept a Buy rating on PepsiCo, lowering its target to $170 from $182 ahead of Q2 results, indicating the firm remains constructive on the stock despite slightly softer earnings expectations. Citi Maintains Bullish Outlook on PepsiCo
• Positive Sentiment: Unusually heavy call-option buying in PepsiCo suggests some traders are positioning for a rebound or further upside. Investors Buy Large Volume of PepsiCo Call Options
• Neutral Sentiment: Several reports focused on valuation and price-target commentary, with analysts generally still seeing upside but also acknowledging that earnings growth may be moderating.
• Negative Sentiment: Some coverage noted PepsiCo underperformed peers and highlighted continued investor concern about growth, which can pressure sentiment around the stock. PepsiCo Inc. stock underperforms Monday when compared to competitors
• Negative Sentiment: Erste Group slightly lowered its FY2027 EPS estimate for PepsiCo, reinforcing the view that profit growth could remain limited. MarketBeat PepsiCo coverage

About PepsiCo

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.