PepsiCo, Inc. $PEP Shares Bought by Commerzbank Aktiengesellschaft FI

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in PepsiCo by 89.7% during the second quarter, holding 257,914 shares valued at approximately $34 million.
• PepsiCo recently reported a quarterly EPS of $2.29, exceeding analyst expectations of $2.26, with revenues of $23.94 billion.
• The company declared a quarterly dividend of $1.4225 per share, yielding about 3.9%, with a payout ratio of 103.64%.

Commerzbank Aktiengesellschaft FI boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 89.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 257,914 shares of the company's stock after acquiring an additional 121,979 shares during the period. PepsiCo accounts for about 0.8% of Commerzbank Aktiengesellschaft FI's holdings, making the stock its 28th biggest position. Commerzbank Aktiengesellschaft FI's holdings in PepsiCo were worth $34,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of PEP. Claris Advisors LLC MO raised its position in PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after acquiring an additional 308 shares in the last quarter. Foster Group Inc. grew its stake in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after purchasing an additional 229 shares during the period. Asset Management One Co. Ltd. boosted its holdings in PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after buying an additional 21,859 shares in the last quarter. Ignite Planners LLC boosted its holdings in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after buying an additional 151 shares in the last quarter. Finally, Merit Financial Group LLC boosted its holdings in PepsiCo by 46.4% during the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock worth $15,098,000 after buying an additional 36,239 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PEP shares. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. BNP Paribas Exane reduced their price objective on PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday. Wells Fargo & Company decreased their target price on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Barclays reissued a "cautious" rating on shares of PepsiCo in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Stock Performance

PepsiCo stock opened at $144.71 on Friday. The stock has a 50 day moving average of $144.32 and a 200-day moving average of $139.29. The stock has a market cap of $198.12 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. 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 (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is presently 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.

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