Mirae Asset Global Investments Co. Ltd. Has $159.36 Million Position in PepsiCo, Inc. $PEP

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in PepsiCo by 16.3%, owning approximately 1.2 million shares valued at $159.36 million, according to its recent SEC filing.
• PepsiCo reported earnings per share (EPS) of $2.12 for the last quarter, exceeding the consensus estimate by $0.09, while revenue rose by 1.0% year-over-year.
• The company has announced a quarterly dividend of $1.4225 per share, reflecting an annualized payout of $5.69 and a dividend yield of 4.0%.

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,206,911 shares of the company's stock after buying an additional 169,125 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of PepsiCo worth $159,361,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PEP. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. lifted its stake in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. Finally, MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at $55,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.6%

PepsiCo stock opened at $142.31 on Friday. The firm has a market cap of $194.83 billion, a price-to-earnings ratio of 25.92, a P/E/G ratio of 3.61 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. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The firm has a fifty day moving average price of $144.39 and a two-hundred day moving average price of $139.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business'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. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Finally, Barclays cut their target price on shares of PepsiCo from $144.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday. Four investment 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $157.87.

PepsiCo 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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