Louisiana State Employees Retirement System Reduces Holdings in PepsiCo, Inc. $PEP

Louisiana State Employees Retirement System lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,600 shares of the company’s stock after selling 1,400 shares during the period. PepsiCo makes up about 0.4% of Louisiana State Employees Retirement System’s investment portfolio, making the stock its 28th largest position. Louisiana State Employees Retirement System’s holdings in PepsiCo were worth $22,790,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Sax Wealth Advisors LLC raised its stake in shares of PepsiCo by 5.6% during the second quarter. Sax Wealth Advisors LLC now owns 11,395 shares of the company’s stock valued at $1,505,000 after purchasing an additional 602 shares during the period. WestEnd Advisors LLC raised its stake in shares of PepsiCo by 8.1% during the second quarter. WestEnd Advisors LLC now owns 258,259 shares of the company’s stock valued at $34,101,000 after purchasing an additional 19,287 shares during the period. Shell Asset Management Co. raised its stake in shares of PepsiCo by 21.9% during the second quarter. Shell Asset Management Co. now owns 74,979 shares of the company’s stock valued at $9,900,000 after purchasing an additional 13,493 shares during the period. Godsey & Gibb Inc. grew its position in shares of PepsiCo by 2.2% during the second quarter. Godsey & Gibb Inc. now owns 133,178 shares of the company’s stock worth $17,585,000 after buying an additional 2,895 shares in the last quarter. Finally, Prasad Wealth Partners LLC acquired a new stake in shares of PepsiCo during the second quarter worth approximately $2,261,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEP. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Morgan Stanley raised their price target 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $158.13.

PepsiCo Stock Performance

PepsiCo stock opened at $140.79 on Wednesday. The company has a market cap of $192.75 billion, a PE ratio of 25.64, a P/E/G ratio of 3.53 and a beta of 0.46. The company has a fifty day moving average price of $144.26 and a two-hundred day moving average price of $139.31. 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 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP) last released 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts expect 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s payout ratio is 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.