Caisse DE Depot ET Placement DU Quebec Grows Holdings in PepsiCo, Inc. $PEP

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in PepsiCo, Inc. by 28.3%, owning approximately 842,572 shares worth $126.3 million.
• PepsiCo reported earnings of $2.12 per share for the most recent quarter, beating estimates, with revenue increasing 1.0% year-over-year.
• The company will pay a quarterly dividend of $1.4225 per share on September 30th, resulting in a 3.8% dividend yield.

Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 842,572 shares of the company's stock after purchasing an additional 185,670 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.06% of PepsiCo worth $126,335,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. NCM Capital Management LLC lifted its holdings in shares of PepsiCo by 18.2% during the first quarter. NCM Capital Management LLC now owns 6,324 shares of the company's stock worth $948,000 after purchasing an additional 972 shares during the period. Full Sail Capital LLC raised its stake in PepsiCo by 0.9% during the first quarter. Full Sail Capital LLC now owns 12,183 shares of the company's stock worth $1,827,000 after buying an additional 107 shares during the last quarter. Ally Financial Inc. raised its stake in PepsiCo by 20.7% during the first quarter. Ally Financial Inc. now owns 99,000 shares of the company's stock worth $14,844,000 after buying an additional 17,000 shares during the last quarter. Oak Harvest Investment Services raised its stake in PepsiCo by 3.7% during the first quarter. Oak Harvest Investment Services now owns 41,421 shares of the company's stock worth $6,211,000 after buying an additional 1,489 shares during the last quarter. Finally, ICONIQ Capital LLC raised its stake in PepsiCo by 379.1% during the first quarter. ICONIQ Capital LLC now owns 7,359 shares of the company's stock worth $1,103,000 after buying an additional 5,823 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PEP shares. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley lifted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note 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 stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Down 0.4%

Shares of NASDAQ:PEP traded down $0.66 during midday trading on Thursday, hitting $146.98. 9,263,777 shares of the company's stock were exchanged, compared to its average volume of 7,822,051. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock has a 50 day moving average price of $140.74 and a 200-day moving average price of $140.73. The company has a market cap of $201.23 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.93 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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