Perpetual Ltd Has $2.64 Million Position in PepsiCo, Inc. $PEP

Key Points

• Perpetual Ltd increased its stake in PepsiCo by 68% in Q2, owning nearly 20,000 shares valued at approximately $2.64 million.
• PepsiCo reported earnings of $2.12 per share, exceeding analysts' expectations, and declared a quarterly dividend of $1.4225 per share, with a yield of 4.0%.
• Several brokerages have adjusted their price targets on PepsiCo, with an average target of $158.60 and a consensus rating of "Hold" among analysts.

Perpetual Ltd lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 68.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,959 shares of the company's stock after purchasing an additional 8,082 shares during the period. Perpetual Ltd's holdings in PepsiCo were worth $2,635,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TCV Trust & Wealth Management Inc. increased its holdings in shares of PepsiCo by 3.5% in the second quarter. TCV Trust & Wealth Management Inc. now owns 86,652 shares of the company's stock valued at $11,442,000 after purchasing an additional 2,946 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $460,110,000. IFM Investors Pty Ltd increased its holdings in shares of PepsiCo by 4.9% in the second quarter. IFM Investors Pty Ltd now owns 264,714 shares of the company's stock valued at $34,953,000 after purchasing an additional 12,435 shares in the last quarter. Perkins Coie Trust Co increased its holdings in shares of PepsiCo by 0.3% in the second quarter. Perkins Coie Trust Co now owns 32,724 shares of the company's stock valued at $4,321,000 after purchasing an additional 82 shares in the last quarter. Finally, Sterling Financial Group Inc. increased its holdings in shares of PepsiCo by 54.7% in the second quarter. Sterling Financial Group Inc. now owns 3,092 shares of the company's stock valued at $408,000 after purchasing an additional 1,093 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PEP. Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Barclays lifted 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. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Citigroup lifted 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, JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Trading Up 0.7%

Shares of NASDAQ PEP opened at $141.76 on Friday. The company's fifty day moving average is $144.39 and its 200-day moving average is $140.16. The stock has a market cap of $194.08 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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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