PepsiCo, Inc. $PEP Shares Purchased by Qtron Investments LLC

Key Points

• Qtron Investments LLC increased its stake in PepsiCo by 19.4%, holding 20,060 shares valued at approximately $3.01 million.
• PepsiCo reported $2.12 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, leading to an annualized yield of 3.8%.

Qtron Investments LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,060 shares of the company's stock after purchasing an additional 3,257 shares during the period. Qtron Investments LLC's holdings in PepsiCo were worth $3,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in PepsiCo during the first quarter worth $946,978,000. GAMMA Investing LLC increased its position in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after buying an additional 1,809,391 shares during the period. Vanguard Group Inc. lifted its position in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in PepsiCo during the fourth quarter worth about $221,297,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. Finally, Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Stock Up 1.7%

Shares of PEP stock traded up $2.61 during trading hours on Tuesday, reaching $152.16. 8,593,550 shares of the stock were exchanged, compared to its average volume of 7,820,128. The business's fifty day moving average is $138.19 and its two-hundred day moving average is $140.56. The firm has a market capitalization of $208.32 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. 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 issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (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 company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm earned $2.28 earnings per share. The firm's quarterly revenue 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, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend 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.