PepsiCo, Inc. $PEP Shares Purchased by Value Partners Investments Inc.

Key Points

• Value Partners Investments Inc. has increased its stake in PepsiCo by 25.6%, now holding 32,047 shares valued at $4,232,000.
• PepsiCo reported $2.12 earnings per share for the latest quarter, exceeding analyst estimates of $2.03, with a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, equating to a 4.0% yield for investors.

Value Partners Investments Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 25.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,047 shares of the company's stock after purchasing an additional 6,537 shares during the quarter. Value Partners Investments Inc.'s holdings in PepsiCo were worth $4,232,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Nuveen LLC purchased a new position in PepsiCo in the 1st quarter worth approximately $946,978,000. GAMMA Investing LLC boosted its stake in shares of PepsiCo by 19,106.5% in the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after purchasing an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. grew its holdings in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. increased its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo in the 4th quarter worth $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.5%

PEP stock opened at $143.53 on Friday. The firm has a market cap of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. The firm has a fifty day moving average price of $143.81 and a two-hundred day moving average price of $140.52. 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 announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating 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 business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PEP shares. UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Barclays increased their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus target price of $158.67.

PepsiCo 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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