PepsiCo, Inc. $PEP Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 16.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 190,310 shares of the company’s stock after buying an additional 26,372 shares during the quarter. QRG Capital Management Inc.’s holdings in PepsiCo were worth $29,553,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Captrust Financial Advisors lifted its holdings in PepsiCo by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after buying an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in shares of PepsiCo by 11.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after acquiring an additional 42,335 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its position in shares of PepsiCo by 622.3% during the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after acquiring an additional 30,674 shares during the period. Allstate Corp raised its stake in shares of PepsiCo by 108.1% in the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after acquiring an additional 54,405 shares in the last quarter. Finally, National Pension Service boosted its holdings in PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock valued at $451,218,000 after purchasing an additional 77,051 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Sanford C. Bernstein set a $142.00 target price on shares of PepsiCo and gave the stock a “market perform” rating in a research note on Wednesday. TD Cowen reduced their target price on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Finally, Jefferies Financial Group set a $162.00 price target on shares of PepsiCo in a report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $165.00.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.22 on Friday. PepsiCo, Inc. has a 1 year low of $132.96 and a 1 year high of $171.48. The stock has a market cap of $197.12 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.91 and a beta of 0.36. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock has a 50-day simple moving average of $146.83 and a 200-day simple moving average of $151.76.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.48 earnings per share. As a group, analysts anticipate that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a dividend of $1.48 per share. The ex-dividend date was Friday, June 5th. This represents a $5.92 annualized dividend and a dividend yield of 4.1%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is presently 92.94%.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS said defensive dividend names like PepsiCo could be ready for a comeback as investors look beyond the tech-led rally, which may help support demand for the stock. Article
• Positive Sentiment: PepsiCo continues to be viewed as a high-quality dividend stock, with recent commentary highlighting it as an attractive dividend aristocrat and a stable defensive holding. Article
• Positive Sentiment: The company also announced a management promotion in Eastern Europe, which signals continued operational execution and regional leadership continuity. Article

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.