Nissay Asset Management Corp Japan ADV Buys 30,523 Shares of PepsiCo, Inc. $PEP

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in PepsiCo, Inc. by 9.8%, acquiring an additional 30,523 shares, bringing its total holdings to 340,441 shares valued at approximately $51 million.
• PepsiCo's latest earnings report showed a profit of $2.12 per share, surpassing the expected $2.03, with revenue of $22.73 billion for the quarter.
• The company announced a quarterly dividend of $1.4225 per share, payable on September 30, representing a 3.9% yield based on its current stock price.

Nissay Asset Management Corp Japan ADV increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,441 shares of the company's stock after acquiring an additional 30,523 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in PepsiCo were worth $51,046,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PEP. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the 4th quarter valued at $31,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the 1st quarter valued at $58,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PEP shares. 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 note on Friday, July 18th. Barclays boosted their price target 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 restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, 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. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $158.60.

PepsiCo Stock Down 0.3%

PEP traded down $0.50 during mid-day trading on Friday, reaching $146.39. 7,185,531 shares of the stock were exchanged, compared to its average volume of 8,131,284. The company has a 50 day moving average price of $143.00 and a two-hundred day moving average price of $140.81. 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 stock has a market capitalization 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. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly 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 for 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 firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business 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 $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

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.