PepsiCo, Inc. $PEP Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the second quarter, Holdings Channel.com reports. The fund owned 344,314 shares of the company’s stock after selling 19,776 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in PepsiCo were worth $45,463,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. ASR Vermogensbeheer N.V. lifted its stake in shares of PepsiCo by 11.4% in the second quarter. ASR Vermogensbeheer N.V. now owns 426,248 shares of the company’s stock valued at $56,280,000 after purchasing an additional 43,480 shares during the period. DMKC Advisory Services LLC increased its holdings in PepsiCo by 13.1% in the second quarter. DMKC Advisory Services LLC now owns 13,621 shares of the company’s stock valued at $1,981,000 after buying an additional 1,574 shares in the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at approximately $1,364,000. Trust Co of Kansas grew its holdings in shares of PepsiCo by 41.2% in the 2nd quarter. Trust Co of Kansas now owns 4,101 shares of the company’s stock worth $541,000 after acquiring an additional 1,196 shares during the period. Finally, Philip James Wealth Mangement LLC increased its stake in PepsiCo by 201.6% in the 2nd quarter. Philip James Wealth Mangement LLC now owns 80,008 shares of the company’s stock valued at $10,564,000 after purchasing an additional 53,483 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of recent research reports. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Barclays boosted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research report on Friday, July 11th. Finally, Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.13.

PepsiCo Stock Performance

Shares of PEP stock opened at $143.14 on Thursday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $195.97 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 3.54 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a 50 day moving average price of $144.43 and a 200 day moving average price of $139.56.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 company 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 business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

PepsiCo 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.