Parkwood LLC Has $5.83 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Parkwood LLC increased its stake in PepsiCo by 9.6%, now owning nearly 39,000 shares valued at approximately $5.8 million.
• PepsiCo reported strong quarterly earnings of $2.12 per share, surpassing estimates and showing a year-over-year revenue growth of 1%.
• The company declared a quarterly dividend of $1.4225 per share, with a yield of 3.9%, despite a dividend payout ratio of 103.64%.

Parkwood LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,897 shares of the company's stock after purchasing an additional 3,404 shares during the quarter. Parkwood LLC's holdings in PepsiCo were worth $5,832,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of PepsiCo by 11.6% in the 4th quarter. CoreCap Advisors LLC now owns 3,744 shares of the company's stock valued at $569,000 after buying an additional 388 shares in the last quarter. First Manhattan CO. LLC. raised its position in shares of PepsiCo by 1.7% in the 4th quarter. First Manhattan CO. LLC. now owns 113,942 shares of the company's stock valued at $18,036,000 after buying an additional 1,850 shares in the last quarter. Finally, Fairview Capital Investment Management LLC increased its stake in shares of PepsiCo by 2.3% in the 4th quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after purchasing an additional 78 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on PEP. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Trading Up 1.0%

PEP traded up $1.39 during trading on Tuesday, reaching $143.10. 5,852,496 shares of the company's stock were exchanged, compared to its average volume of 8,398,995. 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 $195.91 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The firm has a fifty day moving average price of $143.35 and a two-hundred day moving average price of $140.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.28 EPS. 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 Dividend Announcement

The company 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 $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. PepsiCo's payout ratio 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.