LGT Fund Management Co Ltd. Purchases 23,750 Shares of PepsiCo, Inc. $PEP

Key Points

• LGT Fund Management Co Ltd. increased its holdings in PepsiCo by 121.5% during the second quarter, acquiring an additional 23,750 shares for a total of 43,303 shares worth approximately $5.72 million.
• PepsiCo reported a 2nd quarter EPS of $2.12, exceeding estimates, with revenue of $22.73 billion, representing a 1.0% year-over-year growth.
• The company announced a quarterly dividend of $1.4225 per share, leading to an annualized dividend yield of 4.0%, despite a payout ratio exceeding 100%.

LGT Fund Management Co Ltd. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 121.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,303 shares of the company's stock after buying an additional 23,750 shares during the quarter. LGT Fund Management Co Ltd.'s holdings in PepsiCo were worth $5,718,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Peoples Bank OH grew its stake in PepsiCo by 3.1% during the second quarter. Peoples Bank OH now owns 2,586 shares of the company's stock worth $341,000 after buying an additional 77 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV grew its stake in shares of PepsiCo by 2.5% during the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 43,055 shares of the company's stock valued at $5,685,000 after purchasing an additional 1,041 shares during the last quarter. NTV Asset Management LLC grew its stake in shares of PepsiCo by 20.4% during the second quarter. NTV Asset Management LLC now owns 44,558 shares of the company's stock valued at $5,883,000 after purchasing an additional 7,555 shares during the last quarter. Future Financial Wealth Managment LLC grew its stake in shares of PepsiCo by 14.8% during the second quarter. Future Financial Wealth Managment LLC now owns 776 shares of the company's stock valued at $103,000 after purchasing an additional 100 shares during the last quarter. Finally, 111 Capital grew its stake in shares of PepsiCo by 313.0% during the second quarter. 111 Capital now owns 8,954 shares of the company's stock valued at $1,182,000 after purchasing an additional 6,786 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.2%

PEP opened at $141.98 on Friday. The firm's fifty day moving average is $144.36 and its two-hundred day moving average is $139.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $194.38 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.59 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates 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 last year, the business posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Barclays reissued a "cautious" rating on shares of PepsiCo in a research note on Friday. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley increased their price target 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. Citigroup decreased their price target 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. Finally, UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $157.87.

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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