Y Intercept Hong Kong Ltd Has $12.96 Million Holdings in PepsiCo, Inc. $PEP

Y Intercept Hong Kong Ltd grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 368.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 83,442 shares of the company’s stock after acquiring an additional 65,632 shares during the period. Y Intercept Hong Kong Ltd’s holdings in PepsiCo were worth $12,958,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. bought a new stake in shares of PepsiCo during the fourth quarter worth about $28,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $29,000. Imprint Wealth LLC acquired a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Finally, Networth Advisors LLC raised its holdings in PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after buying an additional 200 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. 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. Rothschild & Co Redburn raised their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft cut their price target on shares of PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Citigroup decreased their price objective on PepsiCo from $182.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, June 25th. Finally, Jefferies Financial Group set a $162.00 target price on PepsiCo in a research report on Thursday, June 25th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $165.00.

PepsiCo Stock Up 2.2%

PepsiCo stock opened at $144.22 on Friday. The firm has a market cap of $197.12 billion, a price-to-earnings ratio of 22.64, a PEG ratio of 2.85 and a beta of 0.36. PepsiCo, Inc. has a 52-week low of $132.96 and a 52-week high of $171.48. 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 firm has a 50 day moving average price of $147.02 and a two-hundred day moving average price of $151.81.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the firm posted $1.48 EPS. The company’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts predict that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s payout ratio is currently 92.94%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: UBS reportedly said defensive dividend names like PepsiCo could be poised for a comeback as investors rotate beyond tech-heavy winners. Article Title
• Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, reinforcing its sustainability and supply-chain strategy. Article Title
• Positive Sentiment: Several commentary pieces highlighted PepsiCo as an attractive dividend stock and noted its efforts in innovation, marketing, and operational changes, which may support long-term sentiment. Article Title
• Neutral Sentiment: Analysts at Barclays and JPMorgan both cut PepsiCo price targets, but kept their ratings unchanged, signaling softer near-term expectations rather than a major thesis change.
• Neutral Sentiment: UBS also trimmed PepsiCo’s target, saying the long-run story remains intact despite near-term headwinds. Article Title
• Neutral Sentiment: News flow ahead of Q2 earnings next week suggests investors are waiting for confirmation on growth, with some reports saying retail interest has cooled and North American top-line trends remain under pressure.
• Neutral Sentiment: PepsiCo’s agriculture-goals update, executive commentary on “making the simple special,” and leadership appointments in Europe are supportive corporate updates, but likely have limited immediate stock impact.
• Negative Sentiment: Some analysts lowered earnings forecasts for upcoming fiscal periods, reinforcing concerns that growth may stay muted in the near term.
• Negative Sentiment: Reports that PepsiCo’s North America top-line trends were still under pressure and that the stock may be losing momentum with retail investors could weigh on sentiment into earnings. Article Title

PepsiCo 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.