Mn Services Vermogensbeheer B.V. Buys 7,400 Shares of PepsiCo, Inc. $PEP

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in PepsiCo by 1.5%, acquiring an additional 7,400 shares, bringing its total holdings to 512,669 shares worth approximately $67.69 million.
• PepsiCo's latest earnings report exceeded analyst expectations, with an EPS of $2.12 and revenue of $22.73 billion, signaling a year-over-year growth of 1.0% in revenue.
• The company recently declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69 and a dividend yield of 4.0%, despite a high dividend payout ratio of 103.64%.

Mn Services Vermogensbeheer B.V. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 512,669 shares of the company's stock after buying an additional 7,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in PepsiCo were worth $67,693,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in PepsiCo in the 4th quarter worth $31,279,000. Twinbeech Capital LP acquired a new stake in PepsiCo in the 4th quarter worth $1,733,000. Finally, Woodline Partners LP acquired a new stake in PepsiCo in the 4th quarter worth $9,716,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $1.03 during trading on Friday, reaching $141.76. The company had a trading volume of 12,355,480 shares, compared to its average volume of 7,696,786. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The stock has a market cap of $194.08 billion, a PE ratio of 25.82, a PEG ratio of 3.58 and a beta of 0.46. 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 business's 50 day moving average price is $144.39 and its 200-day moving average price is $140.07.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a research report on Monday, September 15th. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $158.60.

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.