Compagnie Lombard Odier SCmA Trims Stake in PepsiCo, Inc. $PEP

Compagnie Lombard Odier SCmA reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,449 shares of the company’s stock after selling 107 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in PepsiCo were worth $7,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new position in PepsiCo during the 4th quarter worth $78,000. United Advisor Group LLC boosted its holdings in PepsiCo by 19.4% in the fourth quarter. United Advisor Group LLC now owns 3,134 shares of the company’s stock worth $477,000 after acquiring an additional 509 shares in the last quarter. Finally, Armis Advisers LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth about $390,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. 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 report on Friday, July 18th. Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Finally, Citigroup increased their target price on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $158.60.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $141.03 on Tuesday. The firm has a market capitalization of $193.08 billion, a P/E ratio of 25.69, a P/E/G ratio of 3.58 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 company’s fifty day moving average price is $144.50 and its 200 day moving average price is $139.87. 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 data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during 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 revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio is 103.64%.

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.