MGO One Seven LLC Increases Position in PepsiCo, Inc. $PEP

MGO One Seven LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,916 shares of the company’s stock after acquiring an additional 5,372 shares during the quarter. MGO One Seven LLC’s holdings in PepsiCo were worth $7,882,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of PEP. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock worth $19,875,205,000 after acquiring an additional 1,612,652 shares during the last quarter. State Street Corp increased its position in PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Invesco Ltd. raised its stake in PepsiCo by 7.6% during the third quarter. Invesco Ltd. now owns 13,617,747 shares of the company’s stock worth $1,912,476,000 after purchasing an additional 958,701 shares during the period. Legal & General Group Plc raised its stake in PepsiCo by 1.3% during the third quarter. Legal & General Group Plc now owns 8,902,664 shares of the company’s stock worth $1,250,290,000 after purchasing an additional 118,286 shares during the period. Finally, Amundi boosted its holdings in shares of PepsiCo by 30.0% in the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after purchasing an additional 1,995,362 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $154.62 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company has a market capitalization of $211.33 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.86 and a beta of 0.38. The business has a 50-day moving average of $157.25 and a 200-day moving average of $152.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the company posted $1.48 EPS. PepsiCo’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 3.8%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s payout ratio is currently 89.32%.

PepsiCo declared that its Board of Directors has approved a share repurchase program on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a new partnership in the UAE’s Future Industries Lab to support SMEs and young Emiratis, reinforcing its innovation and local investment strategy. MoIAT expands Future Industries Lab with new PepsiCo partnership supporting SMEs and young Emiratis
• Positive Sentiment: PepsiCo and TalusAg Renewables announced a low-carbon ammonia agreement, an ESG-oriented move that could improve supply-chain sustainability and appeal to investors focused on emissions reduction. PepsiCo and TalusAg Renewables announce low-carbon ammonia attribute agreement to help accelerate fertilizer decarbonization
• Positive Sentiment: Multiple articles highlighted PepsiCo’s continued investment in China and its focus on international growth, product innovation, and cost discipline, which supports the long-term bull case. PepsiCo to ‘continue investing’ in Chinese market

Wall Street Analyst Weigh In

A number of research firms have recently commented on PEP. UBS Group dropped their price objective on PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. HSBC boosted their price target on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. upped their price target on PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Argus raised PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Finally, Piper Sandler boosted their target price on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $170.26.

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.