PepsiCo, Inc. $PEP Shares Sold by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,911 shares of the company’s stock after selling 258 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in PepsiCo were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Bank of New York Mellon Corp lifted its position in PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after purchasing an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after purchasing an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. lifted its position in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after purchasing an additional 491,894 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 4.2%

PEP stock opened at $144.71 on Friday. The firm has a market cap of $198.12 billion, a PE ratio of 26.36, a P/E/G ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The firm has a 50 day simple moving average of $144.32 and a 200 day simple moving average of $139.29. 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 (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PEP shares. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. Barclays restated a “cautious” rating on shares of PepsiCo in a research note on Friday, October 3rd. Wells Fargo & Company cut their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $158.13.

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.