Adage Capital Partners GP L.L.C. Reduces Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Adage Capital Partners GP L.L.C. reduced its holdings in PepsiCo by 1.0%, now owning 1,235,679 shares valued at approximately $185.28 million.
• PepsiCo's quarterly earnings showed a profit of $2.12 per share, beating expectations, with revenue of $22.73 billion for the quarter.
• The company declared a quarterly dividend of $1.4225, yielding 3.8%, to be paid on September 30th to shareholders of record as of September 5th.

Adage Capital Partners GP L.L.C. decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,235,679 shares of the company's stock after selling 12,100 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.09% of PepsiCo worth $185,278,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PEP. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the fourth quarter valued at about $31,000. Sunbeam Capital Management LLC bought a new position in PepsiCo in the fourth quarter valued at about $47,000. MorganRosel Wealth Management LLC bought a new position in PepsiCo in the first quarter valued at about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in PepsiCo in the first quarter valued at about $58,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PEP. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $146.00 price objective on shares of PepsiCo in a research note on Wednesday. Bank of America decreased their price objective 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, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $158.60.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $1.75 during trading on Thursday, hitting $146.89. 6,322,912 shares of the company's stock were exchanged, compared to its average volume of 8,104,346. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The business's 50-day simple moving average is $142.69 and its 200 day simple moving average is $140.88. The company has a market cap of $201.10 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 3.29 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate 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 firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 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.