Cwm LLC Increases Position in PepsiCo, Inc. $PEP

Key Points

• Cwm LLC increased its position in PepsiCo by 19.3% during the second quarter, owning a total of 349,396 shares valued at approximately $46.1 million.
• PepsiCo recently reported an earnings per share of $2.29, surpassing analysts' estimates of $2.26, along with a revenue of $23.94 billion for the quarter.
• The company's latest dividend payout was $1.4225 per share, resulting in an annualized yield of 3.8%, with a dividend payout ratio of 103.64%.

Cwm LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 349,396 shares of the company's stock after buying an additional 56,478 shares during the period. Cwm LLC's holdings in PepsiCo were worth $46,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Brighton Jones LLC raised its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. GAMMA Investing LLC raised its stake in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after purchasing an additional 6,712 shares during the period. Stanley Laman Group Ltd. raised its stake in PepsiCo by 44.2% during the first quarter. Stanley Laman Group Ltd. now owns 3,529 shares of the company's stock worth $529,000 after purchasing an additional 1,081 shares during the period. Tudor Financial Inc. raised its stake in PepsiCo by 10.6% during the first quarter. Tudor Financial Inc. now owns 6,834 shares of the company's stock worth $1,025,000 after purchasing an additional 655 shares during the period. Finally, Elevation Point Wealth Partners LLC raised its stake in PepsiCo by 27.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 20,406 shares of the company's stock worth $3,060,000 after purchasing an additional 4,392 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PEP opened at $150.08 on Friday. The company has a fifty day simple moving average of $144.53 and a 200 day simple moving average of $139.26. The firm has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.76 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The business's revenue was up 2.7% on a year-over-year basis. During the same period last year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. BNP Paribas Exane dropped their price objective on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Barclays increased their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday. Jefferies Financial Group increased their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Morgan Stanley increased their price objective 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. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $158.88.

PepsiCo Company 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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