V Square Quantitative Management LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Posted by Defense World Staff on Jul 9th, 2023

V Square Quantitative Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm bought 8,566 shares of the company’s stock, valued at approximately $1,562,000. PepsiCo comprises 1.4% of V Square Quantitative Management LLC’s holdings, making the stock its 15th largest holding.

Several other hedge funds have also made changes to their positions in the stock. Asio Capital LLC lifted its holdings in shares of PepsiCo by 3.9% in the 1st quarter. Asio Capital LLC now owns 21,040 shares of the company’s stock worth $3,836,000 after purchasing an additional 788 shares during the last quarter. Pioneer Trust Bank N A OR raised its stake in PepsiCo by 0.9% during the 1st quarter. Pioneer Trust Bank N A OR now owns 63,314 shares of the company’s stock valued at $11,542,000 after acquiring an additional 565 shares in the last quarter. Ipswich Investment Management Co. Inc. raised its stake in PepsiCo by 5.3% during the 1st quarter. Ipswich Investment Management Co. Inc. now owns 25,302 shares of the company’s stock valued at $4,613,000 after acquiring an additional 1,270 shares in the last quarter. McAdam LLC bought a new stake in PepsiCo during the 1st quarter valued at $241,000. Finally, Legacy Bridge LLC raised its stake in PepsiCo by 5.1% during the 1st quarter. Legacy Bridge LLC now owns 5,087 shares of the company’s stock valued at $927,000 after acquiring an additional 245 shares in the last quarter. Institutional investors own 75.46% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $183.08 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 2.18. The stock has a market capitalization of $252.23 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 3.20 and a beta of 0.53. The stock’s fifty day simple moving average is $186.58 and its 200 day simple moving average is $181.89. PepsiCo, Inc. has a 52-week low of $160.98 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP – Free Report) last issued its earnings results on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $17.85 billion for the quarter, compared to analysts’ expectations of $17.27 billion. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The company’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 7.29 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 2nd were issued a dividend of $1.265 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.15. The ex-dividend date was Thursday, June 1st. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.76%. PepsiCo’s payout ratio is currently 106.53%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent analyst reports. StockNews.com initiated coverage on PepsiCo in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Barclays lifted their target price on PepsiCo from $201.00 to $206.00 in a research note on Thursday, April 27th. Wells Fargo & Company lifted their target price on PepsiCo from $187.00 to $196.00 in a research note on Wednesday, April 26th. Sanford C. Bernstein upgraded PepsiCo from an “underperform” rating to a “market perform” rating in a research report on Monday, March 20th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $190.25.

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.