Czech National Bank Acquires 20,120 Shares of PepsiCo, Inc. $PEP

Key Points

• The Czech National Bank increased its holdings in PepsiCo by 6.4%, acquiring an additional 20,120 shares during the second quarter, bringing its total to 335,132 shares valued at approximately $44.25 million.
• Analysts have generally maintained a cautious outlook with a consensus rating of "Hold" for PepsiCo stock, while various firms have raised their price targets, with Citigroup setting a new target of $168.00.
• PepsiCo announced a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 4.0%, despite a high dividend payout ratio of 103.64%.

Czech National Bank boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 335,132 shares of the company's stock after buying an additional 20,120 shares during the period. Czech National Bank's holdings in PepsiCo were worth $44,251,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its stake in PepsiCo by 0.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 219,682 shares of the company's stock valued at $29,007,000 after buying an additional 1,697 shares during the last quarter. Range Financial Group LLC boosted its stake in PepsiCo by 12.0% during the second quarter. Range Financial Group LLC now owns 3,599 shares of the company's stock valued at $475,000 after buying an additional 385 shares during the last quarter. Bourne Lent Asset Management Inc. boosted its stake in PepsiCo by 77.5% during the second quarter. Bourne Lent Asset Management Inc. now owns 6,415 shares of the company's stock valued at $847,000 after buying an additional 2,800 shares during the last quarter. Braun Bostich & Associates Inc. boosted its stake in PepsiCo by 6.8% during the second quarter. Braun Bostich & Associates Inc. now owns 2,811 shares of the company's stock valued at $371,000 after buying an additional 178 shares during the last quarter. Finally, Rise Advisors LLC boosted its stake in PepsiCo by 6.7% during the second quarter. Rise Advisors LLC now owns 1,662 shares of the company's stock valued at $219,000 after buying an additional 104 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $158.67.

PepsiCo Trading Down 2.0%

Shares of NASDAQ PEP opened at $140.64 on Tuesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business's 50 day moving average price is $143.93 and its 200-day moving average price is $140.35. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. The company has a market cap of $192.55 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.63 and a beta of 0.46.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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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