Russell Investments Group Ltd. Has $242.69 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Russell Investments Group Ltd. reduced its holdings in PepsiCo by 4.0%, owning approximately 1,619,411 shares valued at $242.69 million as of its latest SEC filing.
• PepsiCo reported a Q2 earnings per share (EPS) of $2.12, surpassing analysts’ estimates by $0.09, with revenue of $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, resulting in an annualized dividend yield of 3.9%, with a dividend payout ratio of 103.64%.

Russell Investments Group Ltd. decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,619,411 shares of the company's stock after selling 67,820 shares during the quarter. Russell Investments Group Ltd. owned about 0.12% of PepsiCo worth $242,687,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of PEP. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter worth $28,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo in the 4th quarter worth about $31,000. GKV Capital Management Co. Inc. purchased a new stake in PepsiCo in the 4th quarter worth about $38,000. Bridge Generations Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter worth about $38,000. Finally, Sunbeam Capital Management LLC purchased a new position in PepsiCo during the 4th quarter valued at about $47,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.2%

Shares of NASDAQ PEP opened at $144.87 on Tuesday. The firm has a market cap of $198.34 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 3.87 and a beta of 0.45. 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, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73. The business has a fifty day simple moving average of $135.98 and a two-hundred day simple moving average of $140.57.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its 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 firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Finally, UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.73.

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.

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