IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 2,754 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

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IQ EQ FUND MANAGEMENT IRELAND Ltd increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 89,158 shares of the company's stock after purchasing an additional 2,754 shares during the quarter. PepsiCo accounts for about 1.6% of IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings, making the stock its 8th largest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in PepsiCo were worth $13,368,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at $31,000. GKV Capital Management Co. Inc. acquired a new stake in PepsiCo in the 4th quarter worth $38,000. Bridge Generations Wealth Management LLC acquired a new position in PepsiCo in the fourth quarter valued at about $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth approximately $47,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Morgan Stanley raised their price objective 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. Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 0.1%

Shares of PEP stock traded up $0.18 during mid-day trading on Tuesday, hitting $139.74. The company's stock had a trading volume of 1,181,362 shares, compared to its average volume of 8,542,741. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The company's fifty day simple moving average is $134.83 and its 200-day simple moving average is $140.77. The company has a market cap of $191.31 billion, a PE ratio of 25.42, a P/E/G ratio of 3.71 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm earned $2.28 earnings per share. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect 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 paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo's payout ratio is 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.