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E Fund Management Co. Ltd. Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

PepsiCo logo with Consumer Staples background

Key Points

  • E Fund Management Co. Ltd. increased its holdings in PepsiCo, Inc. by 69.3% in Q1, bringing its total to 52,812 shares valued at approximately $7.92 million.
  • PepsiCo reported earnings of $2.12 per share for the last quarter, exceeding analysts' expectations by $0.09, and generated $22.73 billion in revenue, surpassing estimates of $22.28 billion.
  • The company declared a quarterly dividend of $1.4225 per share, with a dividend yield of 3.9%, set to be paid on September 30th.
  • Looking to export and analyze PepsiCo data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

E Fund Management Co. Ltd. raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 69.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,812 shares of the company's stock after acquiring an additional 21,612 shares during the quarter. E Fund Management Co. Ltd.'s holdings in PepsiCo were worth $7,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Financial Group LLC boosted 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 worth $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 valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. Hoge Financial Services LLC grew its position in PepsiCo by 2.1% in 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 period. Members Trust Co grew its position in PepsiCo by 1.3% in 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 period. Finally, Fairview Capital Investment Management LLC grew its position in PepsiCo by 2.3% in 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 period. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Wells Fargo & Company raised their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. 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 research report on Thursday, July 10th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price of $158.73.

Check Out Our Latest Stock Report on PepsiCo

PepsiCo Stock Performance

PEP stock traded down $1.06 during trading on Thursday, hitting $148.29. The company had a trading volume of 700,190 shares, compared to its average volume of 8,442,205. The firm has a market cap of $203.02 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 3.91 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The firm has a 50-day moving average price of $136.64 and a 200-day moving average price of $140.67. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.28 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

PepsiCo Profile

(Free Report)

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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