AEGON ASSET MANAGEMENT UK Plc Sells 120,712 Shares of PepsiCo, Inc. $PEP

AEGON ASSET MANAGEMENT UK Plc cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 22.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 409,182 shares of the company’s stock after selling 120,712 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in PepsiCo were worth $53,934,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo in the first quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo in the second quarter valued at $29,000. Frazier Financial Advisors LLC grew its position in shares of PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in PepsiCo during the second quarter worth about $45,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. 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 research report on Monday, October 6th. Barclays increased their target price on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Friday, October 10th. Wells Fargo & Company lifted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday. Finally, 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. Six 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’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $156.00.

PepsiCo Trading Up 1.8%

Shares of PepsiCo stock opened at $151.54 on Wednesday. The firm has a market cap of $207.21 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.62 and a beta of 0.46. The business has a 50-day moving average price of $144.96 and a 200-day moving average price of $139.27. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) 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.