AQR Capital Management LLC Increases Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• AQR Capital Management LLC increased its stock holdings in PepsiCo by 38.7% in the first quarter, owning approximately 1,934,642 shares worth about $290 million.
• PepsiCo reported a quarterly EPS of $2.12, exceeding expectations, with revenue of $22.73 billion for the quarter, marking a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.8% and a payout ratio of 103.64%.

AQR Capital Management LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 38.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,934,642 shares of the company's stock after purchasing an additional 540,149 shares during the quarter. AQR Capital Management LLC owned about 0.14% of PepsiCo worth $290,080,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its holdings in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC raised its stake in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after acquiring an additional 151 shares during the period. Graybill Wealth Management LTD. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $3,633,000. OMERS ADMINISTRATION Corp raised its stake in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock valued at $40,624,000 after acquiring an additional 6,112 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $150.28 on Wednesday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The company has a market cap of $205.75 billion, a PE ratio of 27.37, a P/E/G ratio of 3.96 and a beta of 0.46. The business has a 50-day simple moving average of $141.91 and a 200-day simple moving average of $140.80.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 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 analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 EPS. The firm's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

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 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Wells Fargo & Company boosted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. reduced 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. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price 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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