R Squared Ltd Has $489,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• R Squared Ltd increased its position in PepsiCo, Inc. by 3,975.0%, owning 3,260 shares worth $489,000 as of the latest SEC filing.
• The company reported quarterly earnings of $2.12 EPS, exceeding analysts' estimates of $2.03, along with a revenue of $22.73 billion.
• PepsiCo announced a quarterly dividend of $1.4225 per share with an annualized payout of $5.69, representing a dividend yield of 4.1%.

R Squared Ltd raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3,975.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,260 shares of the company's stock after buying an additional 3,180 shares during the period. R Squared Ltd's holdings in PepsiCo were worth $489,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Elite Financial Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at about $31,000. GKV Capital Management Co. Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at about $38,000. Bridge Generations Wealth Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $38,000. Finally, Sunbeam Capital Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at about $47,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Bank of America reduced their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $158.73.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $139.28 on Friday. The firm has a market cap of $190.69 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.67 and a beta of 0.45. The firm's fifty day moving average is $134.63 and its 200-day moving average is $140.89. 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, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.28 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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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