Nordea Investment Management AB Decreases Holdings in PepsiCo, Inc. $PEP

Nordea Investment Management AB trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,193,102 shares of the company’s stock after selling 533,617 shares during the period. Nordea Investment Management AB’s holdings in PepsiCo were worth $420,627,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. Nuveen LLC purchased a new position in shares of PepsiCo during the 1st quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at about $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 valued at $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. 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 valued at $3,969,698,000 after buying an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of PepsiCo by 14.3% during 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 in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PEP stock opened at $152.67 on Friday. The firm has a market cap of $208.75 billion, a P/E ratio of 29.02, a P/E/G ratio of 3.68 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The business’s 50 day moving average price is $145.34 and its 200-day moving average price is $139.37. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s payout ratio is currently 108.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company lifted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Evercore ISI lifted their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Finally, Jefferies Financial Group lifted their price target on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Six research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $156.00.

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.