ASR Vermogensbeheer N.V. Increases Holdings in PepsiCo, Inc. $PEP

Key Points

• ASR Vermogensbeheer N.V. increased its stake in PepsiCo, Inc. by 11.4%, owning 426,248 shares valued at $56,280,000, making it the company's 21st largest position.
• PepsiCo reported earnings of $2.12 per share, exceeding analysts' expectations, with revenue of $22.73 billion for the quarter, marking a 1.0% increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized yield of 4.0% despite a high dividend payout ratio of 103.64%.

ASR Vermogensbeheer N.V. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 426,248 shares of the company's stock after buying an additional 43,480 shares during the quarter. PepsiCo comprises 0.7% of ASR Vermogensbeheer N.V.'s holdings, making the stock its 21st largest position. ASR Vermogensbeheer N.V.'s holdings in PepsiCo were worth $56,280,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the 2nd quarter worth about $29,000. Investment Research & Advisory Group Inc. lifted its holdings in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after buying an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at about $55,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $143.14 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a 50 day moving average of $144.43 and a two-hundred day moving average of $139.56. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The company has a market cap of $195.97 billion, a P/E ratio of 26.07, a PEG ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm 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 company earned $2.28 earnings per share. The firm's quarterly revenue 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 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

Several analysts have commented on PEP shares. Wells Fargo & Company reduced their price objective on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. 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 report on Friday, July 11th. Finally, Royal Bank Of Canada lowered their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $158.13.

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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