Acadian Asset Management LLC Raises Holdings in PepsiCo, Inc. $PEP

Key Points

• Acadian Asset Management LLC significantly increased its holdings in PepsiCo, boosting its position by 238.5% and owning over 1 million shares valued at approximately $161 million.
• PepsiCo reported $2.12 EPS for the last quarter, surpassing estimates and achieving year-over-year revenue growth of 1.0% to $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 4.0%, with a dividend payout ratio of 103.64%.

Acadian Asset Management LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 238.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,077,166 shares of the company's stock after buying an additional 758,990 shares during the quarter. Acadian Asset Management LLC owned about 0.08% of PepsiCo worth $161,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Elite Financial Inc. bought a new position in shares of PepsiCo during the 1st quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $31,000. Sunbeam Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $47,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the 1st quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo during the 1st quarter valued at approximately $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $1.57 on Thursday, reaching $144.23. The company's stock had a trading volume of 6,139,308 shares, compared to its average volume of 8,302,215. The company has a market capitalization of $197.46 billion, a P/E ratio of 26.27, a PEG ratio of 3.61 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.43. The stock has a 50-day moving average price of $143.65 and a 200-day moving average price of $140.69. 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 - Get Free Report) last posted its quarterly earnings data 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 return on equity of 57.81% and a net margin of 8.23%.The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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 is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo's payout ratio is 103.64%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PEP shares. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Finally, JPMorgan Chase & Co. cut their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $158.67.

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.