IFM Investors Pty Ltd Increases Stock Position in PepsiCo, Inc. $PEP

Key Points

• IFM Investors Pty Ltd increased its stake in PepsiCo, Inc. by 4.9% during the second quarter, owning 264,714 shares valued at approximately $34.95 million.
• PepsiCo reported $2.12 earnings per share (EPS) for the last quarter, exceeding analysts' expectations of $2.03, with quarterly revenue reaching $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting a 4.0% yield and a payout ratio of 103.64%.

IFM Investors Pty Ltd grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,714 shares of the company's stock after purchasing an additional 12,435 shares during the period. IFM Investors Pty Ltd's holdings in PepsiCo were worth $34,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Perkins Coie Trust Co grew its holdings in shares of PepsiCo by 0.3% during the second quarter. Perkins Coie Trust Co now owns 32,724 shares of the company's stock worth $4,321,000 after buying an additional 82 shares during the last quarter. Sterling Financial Group Inc. grew its stake in shares of PepsiCo by 54.7% during the 2nd quarter. Sterling Financial Group Inc. now owns 3,092 shares of the company's stock valued at $408,000 after buying an additional 1,093 shares during the period. Oliver Lagore Vanvalin Investment Group purchased a new stake in PepsiCo during the 2nd quarter worth $914,000. AHL Investment Management Inc. lifted its holdings in PepsiCo by 1.3% in the 2nd quarter. AHL Investment Management Inc. now owns 10,584 shares of the company's stock worth $1,398,000 after buying an additional 140 shares in the last quarter. Finally, Arkfeld Wealth Strategies L.L.C. raised its stake in shares of PepsiCo by 3.8% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 2,707 shares of the company's stock valued at $364,000 after purchasing an additional 100 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.3%

Shares of PEP stock traded down $0.47 during trading hours on Tuesday, hitting $140.56. 1,098,271 shares of the company were exchanged, compared to its average volume of 8,427,489. The business has a 50 day moving average of $144.50 and a two-hundred day moving average of $139.87. The company has a current ratio of 0.78, a quick ratio of 0.60 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. The company has a market capitalization of $192.44 billion, a PE ratio of 25.60, a PEG ratio of 3.58 and a beta of 0.46.

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 business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors 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 yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Finally, Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $158.60.

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.