PepsiCo, Inc. $PEP Shares Purchased by Woodline Partners LP

Key Points

• Woodline Partners LP increased its ownership in PepsiCo by 58.2%, acquiring an additional 37,164 shares, bringing its total holdings to 101,061 shares valued at $15.15 million.
• Several analysts have updated their ratings on PepsiCo, with Citigroup raising its target price from $160 to $168 and maintaining a "buy" rating.
• PepsiCo recently announced a quarterly dividend of $1.4225, which gives an annualized dividend yield of 4.0%, despite a payout ratio of 103.64%.

Woodline Partners LP grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 58.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,061 shares of the company's stock after acquiring an additional 37,164 shares during the period. Woodline Partners LP's holdings in PepsiCo were worth $15,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of PepsiCo by 0.7% during the 4th quarter. Janus Henderson Group PLC now owns 352,517 shares of the company's stock worth $53,602,000 after purchasing an additional 2,292 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $991,000. Finally, Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on PEP shares. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup lifted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. lowered their target price 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. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Four investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $158.60.

PepsiCo Stock Performance

Shares of PEP stock opened at $142.66 on Thursday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $195.31 billion, a P/E ratio of 25.99, a P/E/G ratio of 3.62 and a beta of 0.46. The company's fifty day moving average price is $143.47 and its two-hundred day moving average price is $140.75.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the business posted $2.28 EPS. The firm'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. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced 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. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

PepsiCo 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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