US Bancorp DE Has $226.90 Million Stake in PepsiCo, Inc. $PEP

Key Points

• US Bancorp DE has reduced its stake in PepsiCo by 4.1%, now holding 1,718,423 shares valued at $226.90 million.
• PepsiCo reported quarterly earnings of $2.12 per share, exceeding analysts’ expectations, and had a revenue of $22.73 billion during the quarter.
• The company's quarterly dividend was recently declared at $1.4225 per share, equating to an annual yield of 4.1%, although it has a high payout ratio of 103.64%.

US Bancorp DE decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,718,423 shares of the company's stock after selling 74,293 shares during the quarter. US Bancorp DE owned 0.13% of PepsiCo worth $226,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PepsiCo by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock worth $1,728,180,000 after acquiring an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after acquiring an additional 491,894 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 1.4%

PEP stock opened at $138.84 on Thursday. 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 business has a 50 day moving average price of $144.18 and a two-hundred day moving average price of $139.30. The company has a market cap of $190.08 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $22.73 billion during 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 business's revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate 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 was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. BNP Paribas Exane lowered their price target on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a report on Monday. Barclays restated a "cautious" rating on shares of PepsiCo in a report on Friday, October 3rd. Finally, Citigroup decreased their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a report on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.13.

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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