Martingale Asset Management L P Has $25.88 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Martingale Asset Management L P has decreased its holdings in PepsiCo, Inc. by 4.8%, now owning 172,581 shares valued at approximately $25.9 million.
• PepsiCo recently reported $2.12 EPS for its latest quarter, exceeding estimates, with revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, reflecting an annual yield of 3.8% and a payout ratio of 103.64%.

Martingale Asset Management L P lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 172,581 shares of the company's stock after selling 8,618 shares during the period. Martingale Asset Management L P's holdings in PepsiCo were worth $25,877,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PEP. Accredited Wealth Management LLC raised its holdings in shares of PepsiCo by 7.5% in the 1st quarter. Accredited Wealth Management LLC now owns 1,561 shares of the company's stock worth $234,000 after purchasing an additional 109 shares in the last quarter. Luts & Greenleigh Group Inc. grew its position in PepsiCo by 8.1% in the first quarter. Luts & Greenleigh Group Inc. now owns 2,044 shares of the company's stock worth $306,000 after buying an additional 154 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of PepsiCo by 1.8% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 35,250 shares of the company's stock valued at $5,285,000 after buying an additional 633 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of PepsiCo in the first quarter valued at $166,678,000. Finally, Asset Management Group Inc. increased its holdings in shares of PepsiCo by 1.9% in the first quarter. Asset Management Group Inc. now owns 38,145 shares of the company's stock valued at $5,719,000 after buying an additional 696 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PEP. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Wells Fargo & Company raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup increased their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Up 0.4%

Shares of PEP stock traded up $0.66 on Friday, hitting $149.64. The company's stock had a trading volume of 5,217,305 shares, compared to its average volume of 7,948,985. The stock has a market capitalization of $204.87 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 3.99 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The firm's fifty day moving average price is $139.32 and its 200-day moving average price is $140.63. 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 (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the company earned $2.28 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) 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.