PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Entropy Technologies LP

Key Points

• Entropy Technologies LP significantly increased its stake in PepsiCo, acquiring an additional 68,660 shares, bringing its total holdings to 74,464 shares valued at approximately $11.17 million.
• PepsiCo reported earnings of $2.12 per share for the latest quarter, exceeding analysts' expectations of $2.03 and showing a year-over-year revenue increase of 1.0%
• The company declared a quarterly dividend of $1.4225 per share, yielding 3.9% annually, although its dividend payout ratio stands at a high of 103.64%.

Entropy Technologies LP lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1,183.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,464 shares of the company's stock after buying an additional 68,660 shares during the period. PepsiCo makes up about 1.1% of Entropy Technologies LP's investment portfolio, making the stock its 5th largest holding. Entropy Technologies LP's holdings in PepsiCo were worth $11,165,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Asset Management One Co. Ltd. lifted its position in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares during the period. Ignite Planners LLC lifted its position in PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares during the period. Ossiam lifted its position in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the period. Graybill Wealth Management LTD. acquired a new stake in PepsiCo in the first quarter worth approximately $3,633,000. Finally, OMERS ADMINISTRATION Corp lifted its position in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $145.21 on Friday. The company's fifty day moving average is $135.71 and its two-hundred day moving average is $140.65. 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, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The company has a market cap of $198.80 billion, a P/E ratio of 26.45, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the business earned $2.28 EPS. The company's revenue was up 1.0% on a year-over-year basis. Equities analysts expect 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 paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo's dividend payout ratio is 103.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PEP shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays raised their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $158.73.

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.

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