Magnetar Financial LLC Purchases Shares of 76,635 PepsiCo, Inc. $PEP

Key Points

• Magnetar Financial LLC has acquired 76,635 shares of PepsiCo, valued at approximately $11.49 million, marking a significant investment from the institutional investor in the first quarter.
• PepsiCo reported $2.12 earnings per share (EPS) for the last quarter, exceeding analyst expectations and posted a revenue of $22.73 billion, reflecting a 1% increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, with a scheduled payment date of September 30th, and a current yield of 3.9% despite a payout ratio exceeding 100%.

Magnetar Financial LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 76,635 shares of the company's stock, valued at approximately $11,491,000.

Other institutional investors have also made changes to their positions in the company. Elite Financial Inc. bought a new stake in shares of PepsiCo in the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $31,000. Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in PepsiCo during the first quarter valued at approximately $58,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $1.67 during trading on Monday, hitting $148.65. 7,757,444 shares of the company were exchanged, compared to its average volume of 7,707,316. The business's 50 day moving average is $141.52 and its 200-day moving average is $140.74. The company has a market capitalization of $203.51 billion, a P/E ratio of 27.08, a price-to-earnings-growth ratio of 3.96 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 1-year low of $127.60 and a 1-year high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 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 the consensus estimate of $22.28 billion. During the same period in the prior year, the business earned $2.28 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid 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 3.8%. PepsiCo's payout ratio is currently 103.64%.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.73.

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.