PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Dfpg Investments LLC

Posted by Defense World Staff on Jun 22nd, 2023

Dfpg Investments LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 110.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,270 shares of the company’s stock after acquiring an additional 10,112 shares during the quarter. Dfpg Investments LLC’s holdings in PepsiCo were worth $3,513,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Trinity Legacy Partners LLC boosted its holdings in PepsiCo by 0.3% during the first quarter. Trinity Legacy Partners LLC now owns 31,270 shares of the company’s stock worth $5,701,000 after buying an additional 93 shares in the last quarter. Mawer Investment Management Ltd. boosted its stake in shares of PepsiCo by 1.6% during the 4th quarter. Mawer Investment Management Ltd. now owns 448,860 shares of the company’s stock worth $81,091,000 after acquiring an additional 7,122 shares in the last quarter. Suncoast Equity Management grew its position in shares of PepsiCo by 15.2% during the 4th quarter. Suncoast Equity Management now owns 8,345 shares of the company’s stock valued at $1,508,000 after acquiring an additional 1,100 shares during the period. AXS Investments LLC increased its stake in shares of PepsiCo by 1.0% in the 4th quarter. AXS Investments LLC now owns 6,203 shares of the company’s stock valued at $1,121,000 after purchasing an additional 62 shares in the last quarter. Finally, Renaissance Investment Group LLC raised its holdings in PepsiCo by 1.9% in the 4th quarter. Renaissance Investment Group LLC now owns 48,250 shares of the company’s stock worth $8,717,000 after purchasing an additional 899 shares during the period. Hedge funds and other institutional investors own 75.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays increased their target price on PepsiCo from $201.00 to $206.00 in a research report on Thursday, April 27th. Sanford C. Bernstein upgraded shares of PepsiCo from an “underperform” rating to a “market perform” rating in a research report on Monday, March 20th. UBS Group boosted their price objective on PepsiCo from $195.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, April 6th. Royal Bank of Canada lifted their price target on PepsiCo from $175.00 to $178.00 in a research note on Wednesday, April 26th. Finally, StockNews.com began coverage on PepsiCo in a report on Thursday, May 18th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $190.25.

PepsiCo Price Performance

Shares of PEP stock opened at $185.43 on Thursday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.87 and a quick ratio of 0.65. The company has a market capitalization of $255.47 billion, a PE ratio of 39.04, a price-to-earnings-growth ratio of 3.25 and a beta of 0.54. The firm’s 50-day moving average is $187.47 and its two-hundred day moving average is $181.16. PepsiCo, Inc. has a 12 month low of $159.56 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.13. The company had revenue of $17.85 billion during the quarter, compared to analyst estimates of $17.27 billion. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 earnings per share. Analysts predict that PepsiCo, Inc. will post 7.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a $1.265 dividend. The ex-dividend date is Thursday, June 1st. This represents a $5.06 dividend on an annualized basis and a yield of 2.73%. This is a boost from PepsiCo’s previous quarterly dividend of $1.15. PepsiCo’s dividend payout ratio is presently 106.53%.

PepsiCo Company Profile

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).