Erste Asset Management GmbH Has $20.18 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Erste Asset Management GmbH reduced its stake in PepsiCo by 22.1%, bringing its total holdings to worth approximately $20.18 million after selling 38,201 shares in the first quarter.
• PepsiCo recently reported $2.12 EPS for the last quarter, exceeding analyst expectations, with a revenue of $22.73 billion compared to estimates of $22.28 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 3.7%, despite having a payout ratio of 103.64%.

Erste Asset Management GmbH decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 134,879 shares of the company's stock after selling 38,201 shares during the quarter. Erste Asset Management GmbH's holdings in PepsiCo were worth $20,180,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $31,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $58,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Wells Fargo & Company upped their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Bank of America decreased their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $152.16 on Wednesday. The stock's fifty day moving average price is $138.19 and its two-hundred day moving average price is $140.56. The firm has a market cap of $208.32 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. 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 one year low of $127.60 and a one year high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during 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 was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is presently 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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