XTX Topco Ltd Acquires New Shares in PepsiCo, Inc. (NASDAQ:PEP)

XTX Topco Ltd acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,468 shares of the company's stock, valued at approximately $520,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Harvest Fund Management Co. Ltd raised its holdings in shares of PepsiCo by 12.7% in the 1st quarter. Harvest Fund Management Co. Ltd now owns 90,978 shares of the company's stock valued at $13,640,000 after purchasing an additional 10,233 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in PepsiCo during the 1st quarter worth about $6,640,000. RD Finance Ltd acquired a new position in shares of PepsiCo during the 1st quarter worth about $1,850,000. Federated Hermes Inc. raised its position in shares of PepsiCo by 13.6% during the 1st quarter. Federated Hermes Inc. now owns 1,991,264 shares of the company's stock worth $298,570,000 after acquiring an additional 238,704 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in PepsiCo by 37.7% during the first quarter. Geneos Wealth Management Inc. now owns 21,022 shares of the company's stock worth $3,152,000 after purchasing an additional 5,761 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PEP shares. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Finally, 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 report on Friday, July 18th. One research 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. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Performance

PepsiCo stock traded up $1.29 during trading hours on Friday, reaching $145.21. 5,313,480 shares of the stock were exchanged, compared to its average volume of 8,534,157. The stock has a market cap of $198.80 billion, a P/E ratio of 26.45, a P/E/G ratio of 3.75 and a beta of 0.45. The firm's 50 day moving average is $135.71 and its 200 day moving average is $140.70. 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 $179.73.

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, 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the firm earned $2.28 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders 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 yield of 3.9%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

PepsiCo 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.