PepsiCo, Inc. $PEP Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,077,069 shares of the company’s stock after selling 3,700 shares during the quarter. New York State Teachers Retirement System owned 0.08% of PepsiCo worth $167,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Auto Owners Insurance Co increased its holdings in PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after acquiring an additional 48,923,629 shares in the last quarter. Norges Bank purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $3,018,813,000. Diamant Asset Management Inc. grew its position in shares of PepsiCo by 16,146.5% in the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock valued at $556,936,000 after purchasing an additional 3,564,348 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of PepsiCo by 120.7% during the 3rd quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after purchasing an additional 3,235,726 shares in the last quarter. Finally, Amundi raised its position in shares of PepsiCo by 30.0% during the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after purchasing an additional 1,995,362 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS reportedly said defensive dividend names like PepsiCo could be poised for a comeback as investors rotate beyond tech-heavy winners. Article Title
• Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, reinforcing its sustainability and supply-chain strategy. Article Title
• Positive Sentiment: Several commentary pieces highlighted PepsiCo as an attractive dividend stock and noted its efforts in innovation, marketing, and operational changes, which may support long-term sentiment. Article Title
• Neutral Sentiment: Analysts at Barclays and JPMorgan both cut PepsiCo price targets, but kept their ratings unchanged, signaling softer near-term expectations rather than a major thesis change.
• Neutral Sentiment: UBS also trimmed PepsiCo’s target, saying the long-run story remains intact despite near-term headwinds. Article Title
• Neutral Sentiment: News flow ahead of Q2 earnings next week suggests investors are waiting for confirmation on growth, with some reports saying retail interest has cooled and North American top-line trends remain under pressure.
• Neutral Sentiment: PepsiCo’s agriculture-goals update, executive commentary on “making the simple special,” and leadership appointments in Europe are supportive corporate updates, but likely have limited immediate stock impact.
• Negative Sentiment: Some analysts lowered earnings forecasts for upcoming fiscal periods, reinforcing concerns that growth may stay muted in the near term.
• Negative Sentiment: Reports that PepsiCo’s North America top-line trends were still under pressure and that the stock may be losing momentum with retail investors could weigh on sentiment into earnings. Article Title

PepsiCo Trading Up 2.2%

Shares of PepsiCo stock opened at $144.22 on Friday. PepsiCo, Inc. has a fifty-two week low of $132.96 and a fifty-two week high of $171.48. The firm has a market cap of $197.12 billion, a PE ratio of 22.64, a P/E/G ratio of 2.85 and a beta of 0.36. The business’s fifty day moving average is $147.02 and its two-hundred day moving average is $151.81. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.48 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.62 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a $1.48 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date was Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is presently 92.94%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Royal Bank Of Canada lowered their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. Citigroup cut their price target on PepsiCo from $182.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Piper Sandler reduced their price objective on PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Wells Fargo & Company dropped their price objective on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Finally, Barclays cut their target price on shares of PepsiCo from $158.00 to $144.00 and set an “equal weight” rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $165.00.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.