Price T Rowe Associates Inc. MD reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,175,048 shares of the company's stock after selling 1,376,759 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.30% of PepsiCo worth $626,007,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter worth approximately $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter worth approximately $31,000. Sunbeam Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC acquired a new position in PepsiCo during the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the 1st quarter worth approximately $58,000. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Stock Performance
PEP stock opened at $149.64 on Friday. The firm has a market cap of $204.87 billion, a PE ratio of 27.26, a P/E/G ratio of 3.97 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The business has a 50 day moving average of $139.32 and a 200-day moving average of $140.66. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Dividend Announcement
The company 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 $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio is presently 103.64%.
Analyst Ratings Changes
A number of analysts have commented on the company. Citigroup boosted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Wells Fargo & Company boosted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.73.
Check Out Our Latest Stock Report on PEP
PepsiCo Company Profile
(
Free Report)
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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