Redwood Investment Management LLC Takes $390,000 Position in PepsiCo, Inc. $PEP

Key Points

• Redwood Investment Management LLC has taken a new position in PepsiCo, Inc., purchasing 2,599 shares valued at approximately $390,000 in the first quarter.
• PepsiCo recently reported quarterly earnings of $2.12 EPS, exceeding analysts' expectations of $2.03, and had revenue of $22.73 billion in the last quarter.
• The company announced a quarterly dividend of $1.4225 per share, with a dividend yield of 3.9%, set to be paid on September 30th.

Redwood Investment Management LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,599 shares of the company's stock, valued at approximately $390,000.

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

PepsiCo Stock Up 0.4%

PEP stock opened at $147.64 on Thursday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $202.13 billion, a P/E ratio of 26.89, a P/E/G ratio of 3.92 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The company's 50 day simple moving average is $140.38 and its 200-day simple moving average is $140.71.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

Several research firms recently commented on PEP. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company upped their price target 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. Four investment 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 company presently has a consensus rating of "Hold" and a consensus price target 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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