OLD Republic International Corp Has $60.20 Million Position in PepsiCo, Inc. $PEP

Key Points

• OLD Republic International Corp increased its holdings in PepsiCo by 17.0% during the second quarter, owning 455,950 shares valued at approximately $60.20 million, making it the firm's 16th largest investment.
• PepsiCo reported earnings per share (EPS) of $2.12 for the most recent quarter, exceeding analysts' expectations of $2.03, with a year-over-year revenue increase of 1.0% to $22.73 billion.
• The firm announced a quarterly dividend of $1.4225 per share, representing a 4.0% dividend yield and a payout ratio of 103.64%, with payment scheduled for September 30th.

OLD Republic International Corp grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 455,950 shares of the company's stock after acquiring an additional 66,150 shares during the period. PepsiCo accounts for approximately 2.4% of OLD Republic International Corp's investment portfolio, making the stock its 16th biggest holding. OLD Republic International Corp's holdings in PepsiCo were worth $60,204,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter worth about $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo during the first quarter valued at about $58,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 2.0%

Shares of PepsiCo stock opened at $140.64 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.43. The company has a market cap of $192.55 billion, a price-to-earnings ratio of 25.62, a PEG ratio of 3.63 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company's 50-day moving average price is $143.93 and its 200-day moving average price is $140.35.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is 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%.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Wells Fargo & Company boosted their target price 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. Finally, Citigroup boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $158.67.

PepsiCo Company 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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