DnB Asset Management AS Buys 107,528 Shares of PepsiCo, Inc. $PEP

DnB Asset Management AS lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 735,958 shares of the company’s stock after buying an additional 107,528 shares during the period. DnB Asset Management AS owned approximately 0.05% of PepsiCo worth $110,350,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter worth approximately $28,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the 4th quarter valued at $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of PepsiCo during the first quarter worth about $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $146.00 price target on shares of PepsiCo in a report on Wednesday. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Finally, Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $158.60.

PepsiCo Stock Performance

PepsiCo stock opened at $148.64 on Thursday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $203.50 billion, a P/E ratio of 27.07, a PEG ratio of 3.96 and a beta of 0.46. The stock’s 50 day moving average is $142.32 and its 200 day moving average is $140.86.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo’s dividend payout ratio is currently 103.64%.

About PepsiCo

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.