Callan Family Office LLC Has $2.40 Million Position in PepsiCo, Inc. $PEP

Key Points

• Callan Family Office LLC increased its stake in PepsiCo by 72.3% in Q2, owning 18,142 shares valued at approximately $2.40 million.
• PepsiCo's latest earnings report showed an EPS of $2.29, surpassing analysts' expectations, and revenue rose 2.7% year-over-year to $23.94 billion.
• The company declared a quarterly dividend of $1.4225 per share with an annualized yield of 3.8%, indicating a dividend payout ratio of 103.64%.

Callan Family Office LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 72.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,142 shares of the company's stock after buying an additional 7,613 shares during the quarter. Callan Family Office LLC's holdings in PepsiCo were worth $2,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock valued at $4,589,000 after purchasing an additional 6,712 shares during the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of PepsiCo by 44.2% during the 1st quarter. Stanley Laman Group Ltd. now owns 3,529 shares of the company's stock valued at $529,000 after purchasing an additional 1,081 shares during the last quarter. Tudor Financial Inc. grew its holdings in shares of PepsiCo by 10.6% during the 1st quarter. Tudor Financial Inc. now owns 6,834 shares of the company's stock valued at $1,025,000 after purchasing an additional 655 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC grew its holdings in shares of PepsiCo by 27.4% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 20,406 shares of the company's stock valued at $3,060,000 after purchasing an additional 4,392 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 3.7%

PepsiCo stock opened at $150.08 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The firm's fifty day moving average is $144.53 and its 200 day moving average is $139.26. The company has a market capitalization of $205.47 billion, a PE ratio of 28.53, a PEG ratio of 3.76 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company earned $2.31 EPS. PepsiCo's quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. Piper Sandler boosted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a report on Friday. Citigroup reduced their target price on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a report on Thursday, September 25th. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a report on Monday, October 6th. Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a report on Friday. Finally, Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a report on Friday. Five analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $158.88.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.

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