UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Purchases 208,292 Shares of PepsiCo, Inc. $PEP

Key Points

• UBS Asset Management increased its stake in PepsiCo by 1.8%, acquiring an additional 208,292 shares, bringing their total ownership to approximately 11.5 million shares valued at $1.73 billion.
• Analysts have mixed forecasts for PepsiCo, with target prices ranging from $139 to $168, and a current consensus rating of "Hold."
• PepsiCo declared a quarterly dividend of $1.4225 per share, yielding about 4.0%, with a payout ratio of 103.64%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,525,812 shares of the company's stock after buying an additional 208,292 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.84% of PepsiCo worth $1,728,180,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $28,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the fourth quarter valued at about $31,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of PepsiCo during the first quarter worth about $58,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. 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. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup upped their target price on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.60.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $141.71 on Tuesday. 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, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The stock's 50 day moving average is $143.19 and its 200-day moving average is $140.72. The firm has a market capitalization of $194.01 billion, a price-to-earnings ratio of 25.81, a PEG ratio of 3.70 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the firm 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 fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio is 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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