Arrowstreet Capital Limited Partnership Sells 924,577 Shares of PepsiCo, Inc. $PEP

Arrowstreet Capital Limited Partnership lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,100,450 shares of the company’s stock after selling 924,577 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in PepsiCo were worth $481,469,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Evergreen Advisors LLC purchased a new position in shares of PepsiCo in the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of PepsiCo during the fourth quarter worth about $26,000. Swiss RE Ltd. bought a new stake in PepsiCo during the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV bought a new position in shares of PepsiCo during the 4th quarter valued at $29,000. Finally, Imprint Wealth LLC purchased a new stake in PepsiCo during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.5%

PepsiCo stock opened at $134.95 on Friday. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The firm has a market capitalization of $184.19 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 2.98 and a beta of 0.36. The firm has a 50 day moving average of $142.36 and a 200 day moving average of $151.03. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same period in the prior year, the business posted $0.92 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.58 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is 77.59%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company cut their price target on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Morgan Stanley dropped their price target on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Monday, July 6th. Finally, HSBC boosted their target price on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $157.90.

About PepsiCo

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.