67,813 Shares in PepsiCo, Inc. $PEP Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 67,813 shares of PepsiCo, Inc. for approximately $10,168,000, making it the firm's 27th largest holding.
• PepsiCo reported $2.12 EPS for the quarter, exceeding analysts' expectations of $2.03 and showing a 1.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, with a yield of 3.9%, set to be paid on September 30th.

AG2R LA Mondiale Gestion D Actifs acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 67,813 shares of the company's stock, valued at approximately $10,168,000. PepsiCo makes up about 0.6% of AG2R LA Mondiale Gestion D Actifs' investment portfolio, making the stock its 27th largest holding.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. increased its position in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after acquiring an additional 21,859 shares during the last quarter. Ignite Planners LLC increased its position in shares of PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the last quarter. Graybill Wealth Management LTD. bought a new stake in shares of PepsiCo during the 1st quarter worth $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after buying an additional 6,112 shares during the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in PepsiCo during the fourth quarter valued at about $47,899,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.1%

Shares of PEP stock opened at $144.23 on Friday. The company's fifty day simple moving average is $143.65 and its two-hundred day simple moving average is $140.69. 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, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43. The stock has a market capitalization of $197.46 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 3.61 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm 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 dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's payout ratio is presently 103.64%.

Analyst Ratings Changes

A number of analysts recently issued reports on PEP shares. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday. Barclays lifted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a research note on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $158.67.

PepsiCo Company 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.

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