PepsiCo, Inc. $PEP Shares Purchased by Dark Forest Capital Management LP

Key Points

• Dark Forest Capital Management LP significantly increased its stake in PepsiCo by 1,499.1%, owning 38,251 shares worth $5.735 million after acquiring 35,859 shares in the 1st quarter.
• PepsiCo reported quarterly earnings of $2.12 per share, exceeding analyst expectations, with a revenue of $22.73 billion for the quarter, a 1% year-over-year increase.
• The company announced a quarterly dividend of $1.4225, representing an annualized dividend of $5.69, with a yield of 3.8%, although its dividend payout ratio is currently at 103.64%.

Dark Forest Capital Management LP increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1,499.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,251 shares of the company's stock after acquiring an additional 35,859 shares during the quarter. Dark Forest Capital Management LP's holdings in PepsiCo were worth $5,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC boosted its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares in the last quarter. Bearing Point Capital LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $213,000. Chapman Financial Group LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $2,515,000. Finally, Castlekeep Investment Advisors LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $173,902,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.2%

PEP traded down $1.75 during trading on Thursday, hitting $146.89. 6,322,912 shares of the company's stock were exchanged, compared to its average volume of 8,104,346. 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, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The stock has a 50 day moving average price of $142.69 and a 200 day moving average price of $140.88. The firm has a market cap of $201.10 billion, a P/E ratio of 26.76, a price-to-earnings-growth ratio of 3.29 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the firm earned $2.28 earnings per share. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. Citigroup boosted their price objective on shares of 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 $146.00 price objective on shares of PepsiCo in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Four analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average target price of $158.60.

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.