Edmp Inc. Increases Position in PepsiCo, Inc. $PEP

Edmp Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 12.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,183 shares of the company’s stock after purchasing an additional 1,396 shares during the quarter. Edmp Inc.’s holdings in PepsiCo were worth $1,609,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PEP. Vanguard Group Inc. lifted its position in PepsiCo by 1.4% during the 1st 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. Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 5.0% during the 1st 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 during the period. Bank of New York Mellon Corp lifted its position in PepsiCo by 0.4% during the 1st 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in PepsiCo by 1.8% during the 1st 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 during the period. Finally, Invesco Ltd. lifted its holdings in shares of PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after buying an additional 491,894 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Piper Sandler boosted their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lifted their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Finally, Citigroup cut their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Five investment 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 company currently has a consensus rating of “Hold” and an average target price of $157.75.

PepsiCo Price Performance

NASDAQ:PEP opened at $148.89 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The stock has a 50 day moving average of $144.72 and a two-hundred day moving average of $139.18. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a market cap of $203.58 billion, a P/E ratio of 28.31, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo’s payout ratio is currently 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.