PepsiCo, Inc. $PEP Stock Holdings Raised by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has increased its stake in PepsiCo by 24.4%, holding 1,215,643 shares valued at $182.27 million as of its latest SEC filing.
• PepsiCo's recent quarterly earnings report revealed an EPS of $2.12, surpassing analysts' expectations, along with a revenue of $22.73 billion.
• The company has announced a quarterly dividend of $1.4225 per share, with a dividend yield of 3.9%, set to be paid on September 30th.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,215,643 shares of the company's stock after buying an additional 238,463 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.09% of PepsiCo worth $182,274,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PEP. Nuveen LLC purchased a new position in PepsiCo during the 1st quarter worth $946,978,000. GAMMA Investing LLC raised its stake in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of 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 buying an additional 1,809,391 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PepsiCo in the 4th quarter valued at about $221,297,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.3%

PEP stock traded down $0.50 during midday trading on Friday, hitting $146.39. The stock had a trading volume of 7,185,531 shares, compared to its average volume of 8,131,284. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The firm has a market cap of $200.42 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.70 and a beta of 0.46. 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 moving average price is $143.00 and its 200 day moving average price is $140.81.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the business earned $2.28 earnings per share. 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. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced 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. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

Several research firms have commented on PEP. Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $146.00 price objective on shares of PepsiCo in a report on Wednesday. Finally, Citigroup increased their target price 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. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.