OMERS ADMINISTRATION Corp Has $18.19 Million Stake in PepsiCo, Inc. $PEP

Key Points

• OMERS ADMINISTRATION Corp reduced its holdings in PepsiCo by 2.8% in Q1, now owning 121,318 shares valued at approximately $18.19 million.
• PepsiCo reported a Q2 EPS of $2.12, exceeding estimates, and announced a quarterly dividend of $1.4225 per share with an annualized yield of 3.9%.
• Analysts have mixed ratings on PepsiCo, with a consensus rating of "Hold" and an average price target of $158.73.

OMERS ADMINISTRATION Corp cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 121,318 shares of the company's stock after selling 3,479 shares during the period. OMERS ADMINISTRATION Corp's holdings in PepsiCo were worth $18,190,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC grew its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth about $669,000. Schonfeld Strategic Advisors LLC grew its stake in PepsiCo by 203.3% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 40,185 shares of the company's stock worth $6,111,000 after buying an additional 26,935 shares in the last quarter. Finally, Voleon Capital Management LP acquired a new stake in PepsiCo during the fourth quarter worth about $11,359,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEP. Morgan Stanley increased their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Barclays increased their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup increased their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 1.1%

NASDAQ PEP traded up $1.67 during trading hours on Monday, reaching $148.65. The company's stock had a trading volume of 7,757,444 shares, compared to its average volume of 7,707,316. The firm has a fifty day simple moving average of $141.13 and a 200-day simple moving average of $140.70. The stock has a market cap of $203.51 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.96 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analyst estimates 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 quarter last year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 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.