Algorithmic Investment Models LLC Invests $525,000 in PepsiCo, Inc. $PEP

Key Points

• Algorithmic Investment Models LLC has invested approximately $525,000 in PepsiCo, acquiring 3,500 shares in the company during the 1st quarter.
• PepsiCo declared a quarterly dividend of $1.4225, to be paid on September 30th, 2023, with an annualized dividend yield of 3.8%.
• PepsiCo reported $2.12 earnings per share for its most recent quarter, exceeding analysts' expectations, with revenue of $22.73 billion, up 1% from the previous year.

Algorithmic Investment Models LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 3,500 shares of the company's stock, valued at approximately $525,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Legacy Financial Group LLC raised its position in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares in the last quarter. Pflug Koory LLC raised its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares in the last quarter. Hoge Financial Services LLC raised its position in shares of PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares in the last quarter. Members Trust Co increased its position in PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after buying an additional 77 shares during the period. Finally, Fairview Capital Investment Management LLC increased its position in PepsiCo by 2.3% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 1.1%

Shares of PEP stock opened at $150.28 on Wednesday. The business's 50 day moving average is $141.91 and its two-hundred day moving average is $140.80. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The company has a market capitalization of $205.75 billion, a P/E ratio of 27.37, a price-to-earnings-growth ratio of 3.96 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous 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 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared 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 is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's payout ratio is 103.64%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. 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 report on Thursday, July 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup lifted their price target on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company lifted their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $158.73.

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.

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