Intech Investment Management LLC Has $8.96 Million Stock Holdings in PepsiCo, Inc. $PEP

Intech Investment Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,774 shares of the company’s stock after selling 11,477 shares during the period. Intech Investment Management LLC’s holdings in PepsiCo were worth $8,963,000 as of its most recent filing with the SEC.

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

Analysts Set New Price Targets

Several brokerages have weighed in on PEP. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday, July 10th. Finally, Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target of $158.60.

PepsiCo Stock Down 0.3%

Shares of PEP opened at $142.66 on Thursday. The firm has a 50 day simple moving average of $143.47 and a two-hundred day simple moving average of $140.75. 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, Inc. has a one year low of $127.60 and a one year high of $179.43. The company has a market cap of $195.31 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.62 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

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.