Quarry LP Purchases 1,874 Shares of PepsiCo, Inc. $PEP

Key Points

• Quarry LP significantly increased its holdings in PepsiCo, acquiring an additional 1,874 shares during the first quarter, bringing its total to 2,369 shares valued at approximately $355,000.
• PepsiCo recently reported better-than-expected earnings for the quarter, with earnings per share of $2.12, exceeding analysts' estimates of $2.03.
• The company declared a quarterly dividend of $1.4225, with an annualized payout of $5.69, representing a dividend yield of 3.8%.

Quarry LP increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 378.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,369 shares of the company's stock after buying an additional 1,874 shares during the period. Quarry LP's holdings in PepsiCo were worth $355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased 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 purchasing an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG increased 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 purchasing an additional 11,538 shares during the last quarter. BNP Paribas increased its holdings in shares of PepsiCo by 3.0% in the fourth quarter. BNP Paribas now owns 52,441 shares of the company's stock valued at $7,962,000 after purchasing an additional 1,535 shares during the last quarter. BLI Banque de Luxembourg Investments acquired a new position in shares of PepsiCo in the fourth quarter valued at $73,849,000. Finally, Bearing Point Capital LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at $213,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $1.64 during trading on Wednesday, reaching $148.64. The company's stock had a trading volume of 11,245,271 shares, compared to its average volume of 7,288,083. The business's 50-day moving average price is $142.32 and its 200-day moving average price is $140.86. The firm has a market cap of $203.50 billion, a PE ratio of 27.07, a P/E/G ratio of 3.96 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share 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 business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 earnings per share. PepsiCo'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. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Bank of America decreased their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Wells Fargo & Company boosted their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research 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 assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus 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.