Federation des caisses Desjardins du Quebec Purchases 29,929 Shares of PepsiCo, Inc. $PEP

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in PepsiCo by 18.8% in Q1, owning 188,879 shares worth approximately $28 million.
• PepsiCo reported $2.12 earnings per share for the last quarter, exceeding analysts' estimates of $2.03, with revenue of $22.73 billion, surpassing expectations.
• The company announced a quarterly dividend of $1.4225 per share, leading to an annualized dividend yield of 3.8%, with a payout ratio of 103.64%.

Federation des caisses Desjardins du Quebec increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,879 shares of the company's stock after acquiring an additional 29,929 shares during the period. Federation des caisses Desjardins du Quebec's holdings in PepsiCo were worth $28,321,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PEP. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter worth approximately $31,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the first quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the first quarter worth approximately $58,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. reduced their target price on shares of 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 raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $158.60.

PepsiCo Stock Down 0.3%

Shares of NASDAQ:PEP traded down $0.50 during trading on Friday, reaching $146.39. 7,185,531 shares of the company traded hands, compared to its average volume of 8,037,725. The firm has a fifty day simple moving average of $143.00 and a 200 day simple moving average of $140.90. The firm has a market cap of $200.42 billion, a P/E ratio of 26.66, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.43. 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 earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

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.