Temasek Holdings Private Ltd Purchases Shares of 182,631 PepsiCo, Inc. $PEP

Key Points

• Temasek Holdings has acquired a new stake in PepsiCo, purchasing 182,631 shares worth approximately $27.38 million in the first quarter.
• PepsiCo reported a Q2 earnings per share (EPS) of $2.12, exceeding analysts' estimates and a revenue of $22.73 billion, which also surpassed expectations.
• The company recently announced a quarterly dividend of $1.4225 per share, reflecting an annualized yield of 3.9%.

Temasek Holdings Private Ltd acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 182,631 shares of the company's stock, valued at approximately $27,384,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Financial Group LLC raised its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares during the last quarter. Pflug Koory LLC increased its position in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares during the last quarter. Hoge Financial Services LLC lifted its position in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after buying an additional 76 shares during the last quarter. Members Trust Co increased its position in PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after acquiring an additional 77 shares during the last quarter. Finally, Rothschild Investment LLC increased its position in PepsiCo by 0.5% during the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock valued at $2,380,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.39 during mid-day trading on Tuesday, hitting $143.10. The stock had a trading volume of 5,852,496 shares, compared to its average volume of 8,398,995. 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 50 day moving average of $143.35 and a two-hundred day moving average of $140.74. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The firm has a market cap of $195.92 billion, a PE ratio of 26.07, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company 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 company earned $2.28 EPS. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. 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 fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 4.0%. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PEP shares. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $158.60.

About PepsiCo

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.