Voya Investment Management LLC Buys 5,849 Shares of PepsiCo, Inc. $PEP

Key Points

• Voya Investment Management LLC increased its stake in PepsiCo, Inc. by 1.1%, owning a total of 519,889 shares worth approximately $77.95 million.
• PepsiCo's recent earnings report showed an earnings per share (EPS) of $2.12, exceeding analysts' expectations and reflecting a 1.0% increase in revenue year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, representing an annualized yield of 4.0%, with a payout ratio currently at 103.64%.

Voya Investment Management LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 519,889 shares of the company's stock after buying an additional 5,849 shares during the period. Voya Investment Management LLC's holdings in PepsiCo were worth $77,952,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nuveen LLC bought a new position in shares of PepsiCo during the first quarter worth approximately $946,978,000. GAMMA Investing LLC increased 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 worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of PepsiCo by 106.1% during 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. Vanguard Group Inc. increased its stake in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of PepsiCo during the fourth quarter worth approximately $221,297,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, UBS Group reduced their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday. 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.com, PepsiCo presently has an average rating of "Hold" and an average target price of $158.67.

PepsiCo Price Performance

Shares of PEP traded down $2.89 during trading hours on Monday, reaching $140.64. The stock had a trading volume of 7,258,591 shares, compared to its average volume of 8,092,407. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The stock has a market capitalization of $192.55 billion, a PE ratio of 25.62, a PEG ratio of 3.63 and a beta of 0.46. 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's 50-day moving average is $143.93 and its two-hundred day moving average is $140.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same period in the prior year, the company earned $2.28 EPS. PepsiCo's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

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.