UMB Bank n.a. Has $9.80 Million Stock Holdings 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. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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.

Other hedge funds have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of PepsiCo in the first quarter worth $946,978,000. GAMMA Investing LLC lifted its stake in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in PepsiCo in the second quarter valued at about $460,110,000. Assenagon Asset Management S.A. raised its holdings in PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after purchasing an additional 1,809,391 shares during the period. Finally, Vanguard Group Inc. raised its holdings in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.7%

Shares of NASDAQ PEP traded up $0.94 during trading on Tuesday, hitting $141.97. 3,194,766 shares of the company traded hands, compared to its average volume of 8,439,527. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The company has a 50-day moving average price of $144.50 and a 200-day moving average price of $139.87. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $194.37 billion, a P/E ratio of 25.85, a P/E/G ratio of 3.58 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 (EPS) for the quarter, topping 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 firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter last year, the company posted $2.28 earnings per share. PepsiCo's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.0%. PepsiCo's payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Barclays boosted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target 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.