Versor Investments LP Has $989,000 Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Versor Investments LP increased its stake in PepsiCo by 46.6%, acquiring an additional 2,096 shares to bring its total holdings to 6,596 shares valued at approximately $989,000.
• PepsiCo reported quarterly earnings of $2.12 per share, exceeding analysts' expectations, with a revenue of $22.73 billion representing a 1.0% increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, with a dividend yield of 3.8% and a payout ratio of 103.64%.

Versor Investments LP increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 46.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,596 shares of the company's stock after acquiring an additional 2,096 shares during the quarter. Versor Investments LP's holdings in PepsiCo were worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the 4th quarter worth about $31,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the 1st quarter worth about $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $2.61 on Tuesday, hitting $152.16. The company had a trading volume of 8,593,550 shares, compared to its average volume of 7,820,128. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73. The stock has a market cap of $208.32 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. The stock has a 50 day moving average price of $138.19 and a 200 day moving average price of $140.56. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share 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 analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PEP. Citigroup boosted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Bank of America lowered their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus target price 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.