KLP Kapitalforvaltning AS Purchases 19,200 Shares of PepsiCo, Inc. $PEP

Key Points

• KLP Kapitalforvaltning AS increased its stake in PepsiCo by 3.7%, acquiring an additional 19,200 shares, bringing its total holdings to 543,096 shares valued at approximately $71.71 million.
• PepsiCo reported earnings per share of $2.12 in its latest quarter, exceeding estimates, and achieved revenues of $22.73 billion, up 1.0% from the previous year.
• The company declared a quarterly dividend of $1.4225, yielding 4.1%, with a payout ratio of 103.64%, indicating a high level of dividend distribution relative to earnings.

KLP Kapitalforvaltning AS boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 543,096 shares of the company's stock after acquiring an additional 19,200 shares during the period. KLP Kapitalforvaltning AS's holdings in PepsiCo were worth $71,710,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. RMG Wealth Management LLC bought a new stake in PepsiCo in the 2nd quarter worth $45,000. Hardy Reed LLC grew its holdings in PepsiCo by 76.2% in the 2nd quarter. Hardy Reed LLC now owns 3,384 shares of the company's stock worth $447,000 after acquiring an additional 1,463 shares during the last quarter. Clark & Stuart Inc grew its holdings in PepsiCo by 15.9% in the 2nd quarter. Clark & Stuart Inc now owns 46,799 shares of the company's stock worth $6,179,000 after acquiring an additional 6,431 shares during the last quarter. Country Club Bank grew its holdings in PepsiCo by 1.7% in the 2nd quarter. Country Club Bank now owns 22,013 shares of the company's stock worth $2,885,000 after acquiring an additional 369 shares during the last quarter. Finally, Seamount Financial Group Inc. bought a new stake in PepsiCo in the 2nd quarter worth $205,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 1.6%

NASDAQ:PEP opened at $139.70 on Tuesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company's 50-day simple moving average is $144.32 and its 200 day simple moving average is $139.30. The firm has a market capitalization of $191.26 billion, a P/E ratio of 25.45, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research note on Monday, September 15th. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a research note on Saturday, September 27th. Barclays reaffirmed a "cautious" rating on shares of PepsiCo in a research note on Friday. Finally, Citigroup dropped their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.