Vident Advisory LLC Boosts Stock Position in PepsiCo, Inc. $PEP

Key Points

• Vident Advisory LLC has significantly increased its stake in PepsiCo, Inc. by 120.5%, acquiring an additional 40,142 shares to bring its total holdings to 73,449 shares worth approximately $11 million.
• PepsiCo recently reported better-than-expected quarterly earnings with an EPS of $2.12, exceeding estimates by $0.09, and revenues of $22.73 billion.
• The company has announced a quarterly dividend of $1.4225, yielding 3.8%, with a dividend payout ratio of over 103%.

Vident Advisory LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 120.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,449 shares of the company's stock after buying an additional 40,142 shares during the quarter. Vident Advisory LLC's holdings in PepsiCo were worth $11,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its stake in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its stake in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Graybill Wealth Management LTD. acquired a new position in shares of PepsiCo during the 1st quarter worth about $3,633,000. OMERS ADMINISTRATION Corp boosted its position in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after acquiring an additional 6,112 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.67 during trading hours on Monday, reaching $148.65. The stock had a trading volume of 7,757,444 shares, compared to its average volume of 7,707,316. The firm has a market cap of $203.51 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.96 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The firm has a 50-day moving average of $141.52 and a 200-day moving average of $140.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) 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 analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current 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 paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio is currently 103.64%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on PEP shares. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Bank of America lowered their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, Wells Fargo & Company upped their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $158.73.

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.