Aberdeen Group plc Increases Position in PepsiCo, Inc. $PEP

Key Points

• Aberdeen Group plc increased its stake in PepsiCo, Inc. by 8.2% during Q2, owning approximately 1.49 million shares valued at $195.97 million.
• Several other institutional investors also boosted their holdings in PepsiCo, contributing to a total of 73.07% of the stock being owned by hedge funds and institutional investors.
• PepsiCo reported $2.29 EPS for the latest quarter, beating estimates and showing a revenue increase of 2.7% year-over-year.

Aberdeen Group plc grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,489,342 shares of the company's stock after acquiring an additional 112,955 shares during the quarter. Aberdeen Group plc owned about 0.11% of PepsiCo worth $195,968,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Claris Advisors LLC MO grew its stake in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. grew its stake in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after buying an additional 229 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after buying an additional 21,859 shares during the last quarter. Ignite Planners LLC grew its stake in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock worth $15,098,000 after buying an additional 36,239 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings restated a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Barclays boosted their price target on PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. BNP Paribas Exane dropped their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Finally, Jefferies Financial Group boosted their price target on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $158.25.

PepsiCo Stock Performance

Shares of PEP stock opened at $150.08 on Friday. The stock has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.62 and a beta of 0.46. The business has a 50-day simple moving average of $144.53 and a 200-day simple moving average of $139.32. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The company's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's payout ratio is 103.64%.

About PepsiCo

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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