Campbell & CO Investment Adviser LLC Raises Position in PepsiCo, Inc. $PEP

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in PepsiCo by 304.1% in Q1, acquiring 21,012 additional shares, bringing its total holdings to 27,922 shares valued at approximately $4.187 million.
• PepsiCo reported better-than-expected earnings of $2.12 EPS for the quarter, exceeding the analyst estimate of $2.03, with revenue rising to $22.73 billion, up 1% year-over-year.
• The company declared a quarterly dividend of $1.4225, resulting in an annualized yield of 3.8%, with a payout expected on September 30th for shareholders on record as of September 5th.

Campbell & CO Investment Adviser LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 304.1% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 27,922 shares of the company's stock after acquiring an additional 21,012 shares during the period. Campbell & CO Investment Adviser LLC's holdings in PepsiCo were worth $4,187,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of PEP. Legacy Financial Group LLC lifted its position in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares in the last quarter. Pflug Koory LLC increased its holdings in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares during the last quarter. Hoge Financial Services LLC increased its stake in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares during the last quarter. Members Trust Co increased its stake 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 acquiring an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC increased its stake 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 acquiring an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PEP shares. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Wells Fargo & Company boosted their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Barclays boosted their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Performance

PEP traded down $1.20 during midday trading on Tuesday, hitting $147.00. 11,207,315 shares of the company were exchanged, compared to its average volume of 7,658,064. The company's 50 day simple moving average is $140.01 and its 200 day simple moving average is $140.66. 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 $179.73. The firm has a market capitalization of $201.25 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.95 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (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 business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the company posted $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business 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 of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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.