CCM Investment Advisers LLC Acquires 15,297 Shares of PepsiCo, Inc. $PEP

Key Points

• CCM Investment Advisers LLC increased its holdings in PepsiCo by 17.0%, acquiring an additional 15,297 shares during the second quarter, bringing its total ownership to 105,256 shares worth approximately $13.9 million.
• PepsiCo's earnings report showed an EPS of $2.12, exceeding analysts' expectations, with quarterly revenue reaching $22.73 billion, up 1% year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, representing a 4% yield, with an ex-dividend date set for September 5th.

CCM Investment Advisers LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,256 shares of the company's stock after acquiring an additional 15,297 shares during the quarter. CCM Investment Advisers LLC's holdings in PepsiCo were worth $13,898,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Legacy Financial Group LLC lifted its position in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares during the period. Centurion Wealth Management LLC lifted its holdings in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after buying an additional 75 shares during the period. SK Wealth Management LLC boosted its position in PepsiCo by 3.3% during the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company's stock valued at $319,000 after acquiring an additional 75 shares in the last quarter. Pflug Koory LLC grew its holdings in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after acquiring an additional 76 shares during the period. Finally, Hoge Financial Services LLC raised its position in shares of PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.6%

PepsiCo stock opened at $141.90 on Wednesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The stock has a fifty day moving average of $144.66 and a 200 day moving average of $139.89. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market cap of $194.27 billion, a PE ratio of 25.85, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. During the same period last year, the firm posted $2.28 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Citigroup lifted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus target price of $158.60.

About PepsiCo

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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