United Asset Strategies Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 68.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,912 shares of the company's stock after purchasing an additional 8,517 shares during the period. United Asset Strategies Inc.'s holdings in PepsiCo were worth $3,135,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Nuveen LLC purchased a new stake in PepsiCo in the first quarter worth approximately $946,978,000. GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after buying an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in PepsiCo during the fourth quarter valued at $221,297,000. 73.07% of the stock is owned by institutional investors.
PepsiCo Price Performance
PepsiCo stock traded up $0.66 during mid-day trading on Friday, hitting $149.64. The stock had a trading volume of 5,217,305 shares, compared to its average volume of 7,948,985. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. 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 firm has a market capitalization of $204.87 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.99 and a beta of 0.45. The firm's 50 day moving average is $139.32 and its 200 day moving average is $140.63.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 period in the previous year, the business earned $2.28 earnings per share. The business'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, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The business also recently disclosed 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. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.
Analysts Set New Price Targets
Several research analysts have issued reports on PEP shares. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. 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 report on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.73.
Get Our Latest Stock Analysis on PepsiCo
PepsiCo Profile
(
Free Report)
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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