Mn Services Vermogensbeheer B.V. Raises Position in 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. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 512,669 shares of the company's stock after acquiring 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 large investors have also recently made changes to their positions in the company. Legacy Financial Group LLC increased its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares in the last quarter. Centurion Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after purchasing an additional 75 shares in the last quarter. SK Wealth Management LLC increased its position in PepsiCo by 3.3% during the second quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock worth $319,000 after purchasing an additional 75 shares during the last quarter. Pflug Koory LLC boosted its stake in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the period. Finally, Hoge Financial Services LLC increased its holdings in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.7%

Shares of PEP traded up $1.03 during midday trading on Friday, hitting $141.76. 12,355,480 shares of the company's stock traded hands, compared to its average volume of 7,696,786. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The firm's fifty day moving average is $144.39 and its 200-day moving average is $140.16. The stock has a market capitalization of $194.08 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46.

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

PepsiCo Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PEP shares. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Morgan Stanley raised their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Finally, UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.