DoubleLine ETF Adviser LP Has $3.73 Million Stake in PepsiCo, Inc. $PEP

Key Points

• DoubleLine ETF Adviser LP has reduced its holdings in PepsiCo, Inc. by 24.1%, selling 7,918 shares and retaining 24,899 shares, which now make up 1.2% of its total portfolio.
• PepsiCo reported a better-than-expected earnings for the most recent quarter, with $2.12 earnings per share against a consensus estimate of $2.03, and revenues of $22.73 billion.
• The company recently declared a quarterly dividend of $1.4225 per share, representing a 3.8% dividend yield, despite having a high dividend payout ratio of 103.64%.

DoubleLine ETF Adviser LP decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,899 shares of the company's stock after selling 7,918 shares during the quarter. PepsiCo accounts for about 1.2% of DoubleLine ETF Adviser LP's portfolio, making the stock its 23rd largest holding. DoubleLine ETF Adviser LP's holdings in PepsiCo were worth $3,733,000 at the end of the most recent quarter.

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

PepsiCo Trading Down 0.3%

PEP traded down $0.50 during trading on Friday, reaching $146.39. 7,185,531 shares of the company's stock were exchanged, compared to its average volume of 8,037,725. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.43. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $200.42 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 3.70 and a beta of 0.46. The firm has a fifty day moving average price of $143.00 and a two-hundred day moving average price of $140.86.

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, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the firm posted $2.28 EPS. The company's revenue for the quarter 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 research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Analyst Ratings Changes

Several equities analysts have commented on PEP shares. Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Barclays raised their target price on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a report on Wednesday. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $158.60.

PepsiCo Company 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.