PepsiCo, Inc. $PEP Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 252,279 shares of the company’s stock after selling 1,322 shares during the quarter. IFM Investors Pty Ltd’s holdings in PepsiCo were worth $37,827,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter valued at approximately $31,000. Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo in the 1st quarter worth approximately $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $143.10 on Wednesday. The firm has a 50-day moving average price of $143.35 and a two-hundred day moving average price of $140.74. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $195.91 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

Analysts Set New Price Targets

Several research analysts have weighed in on PEP shares. Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $146.00 target price on shares of PepsiCo in a report on Wednesday, September 3rd. Finally, Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $158.60.

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.