Quantbot Technologies LP Increases Stock Position in PepsiCo, Inc. $PEP

Key Points

• Quantbot Technologies LP increased its holdings in PepsiCo, Inc. by 459.6%, owning a total of 20,431 shares worth approximately $3.06 million as of the end of the first quarter.
• PepsiCo reported earnings per share of $2.12 for its latest quarter, surpassing analyst estimates of $2.03, while the company’s revenue grew by 1.0% year-over-year to $22.73 billion.
• The firm declared a quarterly dividend of $1.4225, with an annualized dividend yield of 3.7% and a dividend payout ratio of 103.64%.

Quantbot Technologies LP lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 459.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 20,431 shares of the company's stock after purchasing an additional 16,780 shares during the period. Quantbot Technologies LP's holdings in PepsiCo were worth $3,063,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth approximately $31,000. Sunbeam Capital Management LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC bought a new stake in PepsiCo during the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in PepsiCo during the 1st quarter worth approximately $58,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.7%

Shares of PEP opened at $152.16 on Wednesday. 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, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The company has a 50 day simple moving average of $138.19 and a two-hundred day simple moving average of $140.56. The firm has a market cap of $208.32 billion, a P/E ratio of 27.72, a price-to-earnings-growth ratio of 3.98 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating 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 business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period last year, the firm posted $2.28 EPS. The company's revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Wells Fargo & Company raised their target price on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley raised their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.

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