PepsiCo, Inc. $PEP Position Boosted by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 118,501 shares of the company’s stock after buying an additional 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PepsiCo were worth $15,647,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. acquired a new stake in PepsiCo in the 2nd quarter worth approximately $29,000. Investment Research & Advisory Group Inc. boosted its position in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, RMG Wealth Management LLC bought a new position in shares of PepsiCo in the second quarter valued at approximately $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on PEP. HSBC upped their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday. JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Bank of America lifted their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Five analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.75.

PepsiCo Stock Up 3.7%

PEP stock opened at $150.08 on Monday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. The business’s 50-day simple moving average is $144.53 and its 200 day simple moving average is $139.19.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is 108.17%.

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.