Gateway Investment Advisers LLC Reduces Stake in PepsiCo, Inc. $PEP

Gateway Investment Advisers LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 293,034 shares of the company’s stock after selling 60,048 shares during the period. Gateway Investment Advisers LLC’s holdings in PepsiCo were worth $38,692,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Legacy Financial Group LLC boosted its stake in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after acquiring an additional 71 shares during the last quarter. Centurion Wealth Management LLC boosted its stake in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock valued at $273,000 after acquiring an additional 75 shares during the last quarter. Pflug Koory LLC grew its position in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after purchasing an additional 76 shares during the period. Hoge Financial Services LLC grew its position in shares of PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company’s stock valued at $545,000 after purchasing an additional 76 shares during the period. Finally, Members Trust Co grew its position in shares of PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company’s stock valued at $891,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, UBS Group lowered 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. Four 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $158.67.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $140.03 on Wednesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $178.09. The stock has a market capitalization of $191.71 billion, a P/E ratio of 25.51, a PEG ratio of 3.56 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business’s fifty day moving average price is $144.03 and its 200 day moving average price is $140.35.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

About PepsiCo

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.