CapWealth Advisors LLC Buys 2,142 Shares of PepsiCo, Inc. $PEP

Key Points

• CapWealth Advisors LLC increased its holdings in PepsiCo, acquiring an additional 2,142 shares to reach a total of 113,500 shares valued at approximately $14.99 million.
• PepsiCo's recent quarterly earnings report showed an EPS of $2.29, exceeding analysts' expectations, with revenues of $23.94 billion for the quarter.
• The company recently announced a quarterly dividend of $1.4225, yielding about 3.7%, while its payout ratio stands at 108.17%.

CapWealth Advisors LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 113,500 shares of the company's stock after acquiring an additional 2,142 shares during the period. CapWealth Advisors LLC's holdings in PepsiCo were worth $14,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after buying an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of PepsiCo by 1.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock worth $1,728,180,000 after buying an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after buying an additional 491,894 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. 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. Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a report on Friday, October 10th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a report on Friday, October 10th. Finally, HSBC boosted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a report on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $156.00.

PepsiCo Price Performance

PEP stock opened at $153.71 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average price of $145.51 and a 200 day moving average price of $139.40. The stock has a market cap of $210.17 billion, a PE ratio of 29.22, a P/E/G ratio of 3.71 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's payout ratio is 108.17%.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.