Korea Investment CORP Boosts Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Korea Investment CORP increased its stake in PepsiCo by 8.5%, acquiring an additional 84,622 shares, bringing its total holdings to over 1 million shares valued at approximately $162 million.
• PepsiCo reported earnings per share of $2.12 for the latest quarter, exceeding analysts' expectations, with a revenue of $22.73 billion which is a 1.0% increase compared to the previous year.
• The company has announced a quarterly dividend of $1.4225 per share, reflecting an annualized dividend yield of 3.8%, with a payout ratio of 103.64%.

Korea Investment CORP boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,081,553 shares of the company's stock after purchasing an additional 84,622 shares during the quarter. Korea Investment CORP owned about 0.08% of PepsiCo worth $162,168,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter worth $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at $31,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo in the first quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo in the first quarter valued at $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Bank of America lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four 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. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Performance

PEP stock traded up $2.61 during mid-day trading on Tuesday, hitting $152.16. The company had a trading volume of 8,593,550 shares, compared to its average volume of 7,820,128. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. 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 PE ratio of 27.72, a price-to-earnings-growth ratio of 3.98 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the firm earned $2.28 EPS. The company's 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. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

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.