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PepsiCo, Inc. (NASDAQ:PEP) Is Largely Controlled by Institutional Shareholders Who Own 75% of the Company

PepsiCo, Inc. (NASDAQ:PEP) Is Largely Controlled by Institutional Shareholders Who Own 75% of the Company

百事可樂公司(納斯達克股票代碼:PEP)主要由擁有公司75%股份的機構股東控制
Simply Wall St ·  05/27 20:36

Key Insights

關鍵見解

  • Given the large stake in the stock by institutions, PepsiCo's stock price might be vulnerable to their trading decisions
  • 41% of the business is held by the top 25 shareholders
  • Insiders have sold recently
  • 鑑於機構持有該股的大量股份,百事可樂的股價可能容易受到其交易決策的影響
  • 41% 的業務由前 25 名股東持有
  • 業內人士最近賣出了

If you want to know who really controls PepsiCo, Inc. (NASDAQ:PEP), then you'll have to look at the makeup of its share registry. We can see that institutions own the lion's share in the company with 75% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

如果你想知道誰真正控制了百事可樂公司(納斯達克股票代碼:PEP),那麼你必須看看其股票登記處的構成。我們可以看到,機構擁有該公司的大部分股份,所有權爲75%。也就是說,如果股票上漲,該集團將受益最大(如果出現低迷,則損失最大)。

Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.

由於機構所有者擁有龐大的資源和流動性,他們的投資決策往往具有很大的分量,尤其是對於個人投資者而言。因此,投資於公司的機構資金中有很大一部分通常是對公司未來的巨大信任票。

In the chart below, we zoom in on the different ownership groups of PepsiCo.

在下圖中,我們放大了百事可樂的不同所有權群體。

ownership-breakdown
NasdaqGS:PEP Ownership Breakdown May 27th 2024
納斯達克GS:PEP 所有權明細 2024 年 5 月 27 日

What Does The Institutional Ownership Tell Us About PepsiCo?

關於百事可樂,機構所有權告訴我們什麼?

Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.

許多機構根據近似於當地市場的指數來衡量自己的表現。因此,他們通常會更多地關注主要指數中包含的公司。

PepsiCo already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see PepsiCo's historic earnings and revenue below, but keep in mind there's always more to the story.

百事可樂已經在股票登記處設立了機構。事實上,他們擁有該公司可觀的股份。這表明專業投資者有一定的信譽。但是我們不能僅僅依靠這個事實,因爲機構有時會像所有人一樣進行不良投資。當多家機構擁有一隻股票時,總是存在處於 “擁擠交易” 的風險。當這樣的交易出錯時,多方可能會競相快速出售股票。對於沒有增長曆史的公司,這種風險更高。你可以在下面看到百事可樂的歷史收益和收入,但請記住,故事總是有更多內容。

earnings-and-revenue-growth
NasdaqGS:PEP Earnings and Revenue Growth May 27th 2024
納斯達克GS:PEP 收益和收入增長 2024 年 5 月 27 日

Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. We note that hedge funds don't have a meaningful investment in PepsiCo. The Vanguard Group, Inc. is currently the largest shareholder, with 9.5% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 8.0% of common stock, and State Street Global Advisors, Inc. holds about 4.0% of the company stock.

投資者應注意,機構實際上擁有公司一半以上的股份,因此它們可以共同行使巨大的權力。我們注意到,對沖基金沒有對百事可樂進行有意義的投資。Vanguard Group, Inc.目前是最大股東,已發行股份的9.5%。貝萊德公司是第二大股東,擁有8.0%的普通股,道富環球顧問公司持有該公司約4.0%的股份。

Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder.

我們的研究表明,前25名股東共同控制的公司股份不到一半,這意味着該公司的股票分佈廣泛,沒有占主導地位的股東。

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.

雖然研究公司的機構所有權數據是有意義的,但研究分析師的情緒以了解風向哪個方向吹來也是有意義的。有很多分析師在報道該股,因此可能也值得一看他們的預測。

Insider Ownership Of PepsiCo

百事可樂的內部所有權

The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.

公司內部人員的定義可能是主觀的,並且在不同的司法管轄區之間確實有所不同。我們的數據反映了個人內部人士,至少涵蓋了董事會成員。公司管理層對董事會負責,後者應代表股東的利益。值得注意的是,有時高層管理人員自己也是董事會成員。

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

我通常認爲內部所有權是一件好事。但是,在某些情況下,這使其他股東更難追究董事會對決策的責任。

Our most recent data indicates that insiders own less than 1% of PepsiCo, Inc.. It is a very large company, so it would be surprising to see insiders own a large proportion of the company. Though their holding amounts to less than 1%, we can see that board members collectively own US$327m worth of shares (at current prices). It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.

我們最新的數據顯示,內部人士擁有百事可樂公司不到1%的股份。這是一家非常大的公司,因此看到內部人士擁有該公司的很大一部分股份會令人驚訝。儘管他們的持股量不到1%,但我們可以看到董事會成員共擁有價值3.27億美元的股票(按當前價格計算)。很高興看到董事會成員擁有股票,但可能值得檢查一下這些內部人士是否在買入。

General Public Ownership

一般公有制

The general public-- including retail investors -- own 25% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

包括散戶投資者在內的公衆擁有該公司25%的股份,因此不容忽視。儘管這種所有權規模可能不足以影響對他們有利的政策決定,但它們仍然可以對公司政策產生集體影響。

Next Steps:

後續步驟:

It's always worth thinking about the different groups who own shares in a company. But to understand PepsiCo better, we need to consider many other factors. Be aware that PepsiCo is showing 3 warning signs in our investment analysis , you should know about...

擁有公司股份的不同群體總是值得考慮的。但是,爲了更好地了解百事可樂,我們需要考慮許多其他因素。請注意,百事可樂在我們的投資分析中顯示出3個警告信號,您應該知道...

But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future.

但歸根結底,決定這家企業所有者的表現的是未來,而不是過去。因此,我們認爲最好看一下這份免費報告,該報告顯示了分析師是否預測了更光明的未來。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注意:本文中的數字是使用過去十二個月的數據計算得出的,這些數據是指截至財務報表日期當月最後一天的12個月期間。這可能與全年年度報告數據不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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