QRG Capital Management Inc. Has $22.20 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• QRG Capital Management Inc. has increased its holdings in PepsiCo, Inc. by 1.3%, bringing the total value of its shares to $22.20 million.
• PepsiCo reported a quarterly EPS of $2.12, surpassing analysts' expectations, with revenue hitting $22.73 billion.
• The company has recently declared a quarterly dividend of $1.4225, equating to an annualized yield of 4.0%.

QRG Capital Management Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 168,130 shares of the company's stock after buying an additional 2,094 shares during the quarter. QRG Capital Management Inc.'s holdings in PepsiCo were worth $22,200,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. bought a new stake in PepsiCo during the first quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the second quarter valued at about $29,000. Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company's stock worth $42,000 after purchasing an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth about $55,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $141.98 on Friday. The firm has a market cap of $194.38 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.58 and a beta of 0.46. The firm's 50-day simple moving average is $144.36 and its 200-day simple moving average is $139.39. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, September 11th. Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Wells Fargo & Company reduced their target price on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating for the company in a research note on Thursday, September 25th. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $157.87.

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.

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