Swedbank AB Purchases 14,205 Shares of PepsiCo, Inc. $PEP

Key Points

• Swedbank AB increased its stake in PepsiCo, Inc. by 0.7% during the first quarter, now holding approximately 1,989,564 shares valued at $298.3 million.
• The company reported $2.12 EPS for the last quarter, surpassing estimates, with revenue increasing 1.0% year-over-year to $22.73 billion.
• PepsiCo's quarterly dividend of $1.4225 per share will be paid on September 30th, providing shareholders with an annualized yield of 3.9%.

Swedbank AB raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,989,564 shares of the company's stock after purchasing an additional 14,205 shares during the period. Swedbank AB owned approximately 0.15% of PepsiCo worth $298,315,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PEP. Nuveen LLC acquired a new position in PepsiCo during the 1st quarter valued at about $946,978,000. GAMMA Investing LLC boosted its stake in PepsiCo by 19,106.5% during the 1st 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 last quarter. Assenagon Asset Management S.A. boosted its stake 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 during the last quarter. Vanguard Group Inc. boosted 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 valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo during the 4th quarter valued at about $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock opened at $144.23 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The business's 50 day simple moving average is $143.65 and its 200 day simple moving average is $140.69. The company has a market cap of $197.46 billion, a price-to-earnings ratio of 26.27, a PEG ratio of 3.61 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 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the business earned $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Citigroup boosted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Morgan Stanley boosted their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target 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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