Shell Asset Management Co. Has $9.90 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Shell Asset Management Co. increased its holdings in PepsiCo by 21.9% during the second quarter, owning 74,979 shares valued at $9.90 million.
• PepsiCo's recent quarterly earnings were reported at $2.12 per share, exceeding analysts' expectations of $2.03, with revenues of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, offering a dividend yield of 4.1% despite a payout ratio of 103.64%.

Shell Asset Management Co. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 74,979 shares of the company's stock after buying an additional 13,493 shares during the period. Shell Asset Management Co.'s holdings in PepsiCo were worth $9,900,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the first quarter valued at $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter worth $29,000. RMG Wealth Management LLC bought a new position in PepsiCo during the second quarter worth $45,000. Finally, Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $139.70 on Tuesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company's fifty day moving average price is $144.32 and its 200-day moving average price is $139.30. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a market capitalization of $191.26 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a research report on Saturday, September 27th. Citigroup lowered their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Barclays reissued a "cautious" rating on shares of PepsiCo in a report on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, BNP Paribas Exane reduced their target price on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating on the stock in a report on Monday. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.13.

PepsiCo Company 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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