Ieq Capital LLC Buys 24,904 Shares of PepsiCo, Inc. $PEP

Key Points

• Ieq Capital LLC increased its holdings in PepsiCo by 23.9%, owning 128,909 shares valued at approximately $19.33 million as of the end of the most recent quarter.
• PepsiCo reported earnings of $2.12 per share, exceeding expectations, with a revenue of $22.73 billion, driven by a year-over-year growth of 1.0%.
• The company's quarterly dividend of $1.4225 per share represents an annualized yield of 3.9% and will be paid to shareholders on September 30th.

Ieq Capital LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,909 shares of the company's stock after acquiring an additional 24,904 shares during the quarter. Ieq Capital LLC's holdings in PepsiCo were worth $19,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at $31,000. Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $47,000. MorganRosel Wealth Management LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the 1st quarter valued at $58,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of several recent analyst reports. Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Performance

NASDAQ PEP traded up $1.67 during trading on Friday, hitting $148.65. 7,757,444 shares of the company's stock traded hands, compared to its average volume of 7,700,821. The stock has a market capitalization of $203.51 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 3.96 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The business has a 50 day moving average of $141.13 and a 200-day moving average of $140.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for 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 company's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's dividend payout ratio is currently 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.