AEGON ASSET MANAGEMENT UK Plc Has $53.93 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• AEGON ASSET MANAGEMENT UK Plc reduced its stake in PepsiCo, Inc. by 22.8% in Q2, owning $53.93 million worth of shares after selling 120,712 during the period.
• PepsiCo's stock performance shows a current price of $151.54 with a market capitalization of $207.21 billion, and analysts have set diverse price targets, averaging around $156.00.
• The company announced a quarterly dividend of $1.4225 per share, translating to an annualized yield of 3.8%, along with a payout ratio of 108.17%.

AEGON ASSET MANAGEMENT UK Plc lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 409,182 shares of the company's stock after selling 120,712 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in PepsiCo were worth $53,934,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in PepsiCo in the first quarter worth approximately $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in PepsiCo in the second quarter worth approximately $460,110,000. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock worth $1,393,846,000 after acquiring an additional 1,165,745 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. BNP Paribas Exane cut their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Royal Bank Of Canada cut their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. Evercore ISI lifted their target price on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Piper Sandler lifted their target price on PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $156.00.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $151.54 on Wednesday. The business's fifty day simple moving average is $144.96 and its 200 day simple moving average is $139.27. The firm has a market capitalization of $207.21 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 3.62 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 has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo's quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's payout ratio is presently 108.17%.

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.

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