Bridgeway Capital Management LLC Grows Holdings in PepsiCo, Inc. $PEP

Key Points

• Bridgeway Capital Management LLC increased its holdings in PepsiCo by 4.8% during Q1, owning 126,922 shares valued at approximately $19 million according to its latest SEC filing.
• PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' expectations, along with a revenue of $22.73 billion, up 1% compared to the previous year.
• The company announced a quarterly dividend of $1.4225, yielding 3.8%, with an ex-dividend date set for September 5th.

Bridgeway Capital Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,922 shares of the company's stock after buying an additional 5,861 shares during the period. Bridgeway Capital Management LLC's holdings in PepsiCo were worth $19,031,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Asset Management One Co. Ltd. grew its stake in PepsiCo by 3.6% in the 1st 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 grew its position in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares during the period. Graybill Wealth Management LTD. purchased a new stake in PepsiCo during the first quarter worth about $3,633,000. OMERS ADMINISTRATION Corp raised its position in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in PepsiCo by 2.3% in the first 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 last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PEP shares. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. lowered their price objective 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 research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Performance

NASDAQ:PEP opened at $150.28 on Wednesday. The business's fifty day moving average is $141.91 and its 200 day moving average is $140.80. The firm has a market cap of $205.75 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 3.96 and a beta of 0.46. 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 52-week low of $127.60 and a 52-week high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the firm earned $2.28 EPS. The company'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. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio 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.

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