UMB Bank n.a. Has $9.80 Million Stake in PepsiCo, Inc. $PEP

Key Points

• UMB Bank n.a. reduced its stake in PepsiCo, Inc. by 24.4% in the 2nd quarter, bringing its total shares to 74,192, valued at approximately $9.8 million.
• Recent analyst reports have mixed ratings for PepsiCo, with JPMorgan lowering its price target to $139.00 and Morgan Stanley raising it to $165.00, highlighting the stock's average rating as "Hold".
• PepsiCo announced a quarterly dividend of $1.4225 per share, resulting in a 4.0% yield, while its current dividend payout ratio stands at 103.64%.

UMB Bank n.a. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 74,192 shares of the company's stock after selling 23,987 shares during the quarter. UMB Bank n.a.'s holdings in PepsiCo were worth $9,796,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Nova Wealth Management Inc. bought a new position in PepsiCo during the 1st quarter valued at about $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the 1st quarter valued at approximately $28,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo in the fourth quarter worth $47,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo during the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo in the 1st quarter worth $58,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.5%

Shares of PEP traded down $0.73 during trading hours on Monday, hitting $141.03. 5,795,948 shares of the company were exchanged, compared to its average volume of 8,469,195. 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 cap of $193.08 billion, a PE ratio of 25.69, a PEG ratio of 3.58 and a beta of 0.46. The firm's 50 day moving average is $144.50 and its 200-day moving average is $139.87. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Citigroup increased their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned 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.

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.