Landscape Capital Management L.L.C. Acquires Shares of 16,989 PepsiCo, Inc. $PEP

Key Points

• Landscape Capital Management L.L.C. acquired 16,989 shares of PepsiCo, valued at approximately $2.5 million, signaling increasing institutional interest in the stock.
• PepsiCo recently reported earnings of $2.12 EPS, exceeding analysts' expectations, with a revenue increase of 1.0% year-over-year to $22.73 billion.
• The company announced a quarterly dividend of $1.4225, contributing to an annualized dividend yield of 3.9%, despite having a payout ratio of 103.64%.

Landscape Capital Management L.L.C. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,989 shares of the company's stock, valued at approximately $2,547,000.

Several other hedge funds have also made changes to their positions in PEP. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in PepsiCo during the fourth quarter worth $669,000. Schonfeld Strategic Advisors LLC boosted its position in PepsiCo by 203.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 40,185 shares of the company's stock valued at $6,111,000 after acquiring an additional 26,935 shares in the last quarter. Finally, Sulzberger Capital Advisors Inc. purchased a new position in shares of PepsiCo in the 4th quarter valued at $433,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays boosted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company increased their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four equities research 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's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.67 during trading hours on Monday, hitting $148.65. 7,757,444 shares of the company were exchanged, compared to its average volume of 7,707,316. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. 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 0.46. The company's 50 day moving average price is $141.52 and its 200-day moving average price is $140.74.

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

PepsiCo Dividend Announcement

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