Oregon Public Employees Retirement Fund Increases Holdings in PepsiCo, Inc. $PEP

Oregon Public Employees Retirement Fund raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,501 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in PepsiCo were worth $15,647,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. JSF Financial LLC lifted its position in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after purchasing an additional 69 shares during the last quarter. Dogwood Wealth Management LLC increased its stake in shares of PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC raised its holdings in shares of PepsiCo by 0.5% during the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares during the last quarter. Bull Street Advisors LLC boosted its position in shares of PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after buying an additional 74 shares during the period. Finally, Centurion Wealth Management LLC grew its holdings in PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEP. Royal Bank Of Canada reduced their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Wells Fargo & Company increased their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday. HSBC raised their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday. Evercore ISI upped their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday. Finally, Jefferies Financial Group raised their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.75.

PepsiCo Trading Up 3.7%

NASDAQ:PEP opened at $150.08 on Monday. The stock has a fifty day simple moving average of $144.53 and a 200 day simple moving average of $139.19. The firm has a market capitalization of $205.47 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. 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 posted its quarterly earnings data 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. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company earned $2.31 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

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.