RD Finance Ltd Buys Shares of 12,340 PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• RD Finance Ltd has acquired 12,340 shares of PepsiCo, valued at approximately $1,850,000, which constitutes 1.5% of its investment portfolio.
• Several institutional investors have increased their positions in PepsiCo, with notable raises from Geode Capital Management and Northern Trust Corp during the past quarter.
• PepsiCo's most recent quarterly earnings showed an EPS of $2.12, exceeding estimates, and the company will pay a quarterly dividend of $1.4225 per share on September 30th, resulting in a yield of 4.02%.

RD Finance Ltd purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 12,340 shares of the company's stock, valued at approximately $1,850,000. PepsiCo accounts for about 1.5% of RD Finance Ltd's portfolio, making the stock its 16th biggest position.

Several other large investors have also recently bought and sold shares of PEP. Brighton Jones LLC increased its stake in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the last quarter. Summit Securities Group LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $33,000. Partners in Financial Planning bought a new position in PepsiCo in the fourth quarter valued at approximately $213,000. Finally, Skba Capital Management LLC increased its stake in PepsiCo by 3.7% in the fourth quarter. Skba Capital Management LLC now owns 38,120 shares of the company's stock valued at $5,797,000 after acquiring an additional 1,350 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on PEP shares. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wells Fargo & Company boosted their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Up 1.1%

PepsiCo stock traded up $1.55 during trading hours on Friday, hitting $139.47. The stock had a trading volume of 4,595,178 shares, compared to its average volume of 8,573,858. 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 stock has a market capitalization of $190.94 billion, a P/E ratio of 25.40, a price-to-earnings-growth ratio of 3.81 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The stock's 50-day moving average price is $134.43 and its 200-day moving average price is $140.93.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.28 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is 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.