PepsiCo, Inc. $PEP Stake Boosted by Meiji Yasuda Asset Management Co Ltd.

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in PepsiCo by 7.9% during the first quarter, now holding 145,411 shares valued at approximately $21.8 million.
• Several analysts have updated their price targets for PepsiCo, with Morgan Stanley raising it to $165.00, while Wells Fargo increased it to $154.00, indicating positive sentiment towards the stock.
• PepsiCo recently announced a quarterly dividend of $1.4225 per share, representing a yield of 3.9%, though its payout ratio is currently above 100%.

Meiji Yasuda Asset Management Co Ltd. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 145,411 shares of the company's stock after purchasing an additional 10,611 shares during the quarter. PepsiCo comprises about 0.9% of Meiji Yasuda Asset Management Co Ltd.'s holdings, making the stock its 20th largest position. Meiji Yasuda Asset Management Co Ltd.'s holdings in PepsiCo were worth $21,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Nuveen LLC acquired a new position in shares of PepsiCo in the first quarter valued at approximately $946,978,000. GAMMA Investing LLC raised its holdings in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. raised its holdings in PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo in the fourth quarter valued at $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PEP shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $146.00 target price on shares of PepsiCo in a research note on Wednesday, September 3rd. Morgan Stanley upped their price objective 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. Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $158.60.

PepsiCo Trading Up 1.0%

Shares of PepsiCo stock traded up $1.39 during trading hours on Tuesday, hitting $143.10. The company's stock had a trading volume of 5,852,496 shares, compared to its average volume of 8,398,995. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The company has a market capitalization of $195.91 billion, a PE ratio of 26.07, a P/E/G ratio of 3.58 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a fifty day moving average of $143.35 and a 200 day moving average of $140.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.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 firm's quarterly 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. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued 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 of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) 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.