California State Teachers Retirement System Reduces Position in PepsiCo, Inc. $PEP

California State Teachers Retirement System trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,100,135 shares of the company’s stock after selling 50,475 shares during the quarter. California State Teachers Retirement System’s holdings in PepsiCo were worth $326,130,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Core Wealth Advisors Inc. increased its holdings in PepsiCo by 3.5% in the first quarter. Core Wealth Advisors Inc. now owns 2,335 shares of the company’s stock valued at $363,000 after buying an additional 79 shares during the last quarter. Richwood Investment Advisors LLC lifted its holdings in PepsiCo by 3.1% during the 1st quarter. Richwood Investment Advisors LLC now owns 5,464 shares of the company’s stock worth $849,000 after buying an additional 165 shares during the last quarter. Empowered Funds LLC boosted its position in shares of PepsiCo by 16.0% during the 1st quarter. Empowered Funds LLC now owns 203,976 shares of the company’s stock worth $31,675,000 after acquiring an additional 28,177 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of PepsiCo by 19.4% in the 1st quarter. Quantinno Capital Management LP now owns 637,889 shares of the company’s stock valued at $99,058,000 after acquiring an additional 103,635 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of PepsiCo by 31.4% during the 1st quarter. Lazard Asset Management LLC now owns 1,407,731 shares of the company’s stock worth $218,607,000 after acquiring an additional 336,676 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 2.2%

PEP opened at $142.86 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. The business’s 50 day moving average is $141.78 and its two-hundred day moving average is $151.05. The firm has a market cap of $194.99 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 3.07 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio is currently 77.59%.

Analyst Ratings Changes

PEP has been the subject of a number of research analyst reports. TD Cowen lowered their price target on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a report on Friday, July 10th. The Goldman Sachs Group upped their target price on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. UBS Group set a $159.00 target price on shares of PepsiCo in a research report on Thursday, July 9th. Finally, Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $157.90.

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.