Voya Investment Management LLC Increases Stock Position in PepsiCo, Inc. $PEP

Voya Investment Management LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 519,889 shares of the company’s stock after purchasing an additional 5,849 shares during the period. Voya Investment Management LLC’s holdings in PepsiCo were worth $77,952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after buying an additional 11,538 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $2,234,000. Rafferty Asset Management LLC lifted its stake in shares of PepsiCo by 16.4% during the fourth quarter. Rafferty Asset Management LLC now owns 203,195 shares of the company’s stock valued at $30,898,000 after buying an additional 28,610 shares during the period. Finally, Sherbrooke Park Advisers LLC lifted its stake in shares of PepsiCo by 21.1% during the fourth quarter. Sherbrooke Park Advisers LLC now owns 4,965 shares of the company’s stock valued at $755,000 after buying an additional 866 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. 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. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research report on Thursday, July 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Citigroup upped their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $158.67.

PepsiCo Price Performance

PepsiCo stock opened at $143.53 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The firm has a fifty day moving average of $143.81 and a 200-day moving average of $140.60. The firm has a market capitalization of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.65 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is presently 103.64%.

PepsiCo Company 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.