PepsiCo, Inc. $PEP Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,604 shares of the company’s stock after purchasing an additional 2,310 shares during the quarter. Maryland State Retirement & Pension System’s holdings in PepsiCo were worth $8,794,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Nuveen LLC acquired a new stake in PepsiCo during the 1st quarter worth $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in PepsiCo during the 2nd quarter worth $460,110,000. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock worth $527,034,000 after purchasing an additional 1,809,391 shares during the period. Vanguard Group Inc. boosted its stake 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 purchasing an additional 1,802,748 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup decreased their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Cowen restated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Barclays restated a “cautious” rating on shares of PepsiCo in a research report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.13.

PepsiCo Trading Down 1.4%

NASDAQ:PEP opened at $138.84 on Thursday. The company has a market capitalization of $190.08 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.55 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, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a fifty day simple moving average of $144.18 and a 200-day simple moving average of $139.30.

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

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo’s payout ratio is presently 103.64%.

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.