OFI Invest Asset Management Has $859,000 Stock Position in PepsiCo, Inc. $PEP

OFI Invest Asset Management raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 6,509 shares of the company’s stock after acquiring an additional 336 shares during the period. OFI Invest Asset Management’s holdings in PepsiCo were worth $859,000 at the end of the most recent quarter.

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

PepsiCo Stock Up 3.7%

Shares of NASDAQ PEP opened at $150.08 on Monday. The firm has a market cap of $205.47 billion, a PE ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company’s fifty day simple moving average is $144.53 and its 200 day simple moving average is $139.19. 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 (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) 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 analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. During the same period in the prior year, the firm earned $2.31 earnings per share. PepsiCo’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. 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 is presently 108.17%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Barclays upped their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday. Bank of America upped their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Five equities research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $157.75.

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.