Angeles Investment Advisors LLC Takes $469,000 Position in PepsiCo, Inc. $PEP

Key Points

• Angeles Investment Advisors LLC has acquired a new position in PepsiCo, purchasing 3,126 shares valued at approximately $469,000, making it the firm's 25th largest holding.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding analysts' expectations, with revenue increasing by 1.0% year-over-year to $22.73 billion.
• The company also announced a quarterly dividend of $1.4225, which translates to an annualized yield of 3.8%, despite a payout ratio of 103.64%.

Angeles Investment Advisors LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,126 shares of the company's stock, valued at approximately $469,000. PepsiCo makes up 0.0% of Angeles Investment Advisors LLC's investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Nuveen LLC acquired a new stake in PepsiCo during the 1st quarter worth $946,978,000. GAMMA Investing LLC raised its stake in PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. raised its stake in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo during the 4th quarter worth $221,297,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $0.50 during midday trading on Friday, hitting $146.39. The stock had a trading volume of 7,185,531 shares, compared to its average volume of 8,037,725. The company has a market capitalization of $200.42 billion, a PE ratio of 26.66, a P/E/G ratio of 3.71 and a beta of 0.46. The stock has a 50 day moving average price of $143.00 and a two-hundred day moving average price of $140.90. 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, Inc. has a 1 year low of $127.60 and a 1 year high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm earned $2.28 earnings per share. The business's quarterly revenue was up 1.0% compared to the same quarter last year. 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 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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 paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PEP shares. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Four 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's stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $158.60.

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.