Gallacher Capital Management LLC Purchases 1,845 Shares of PepsiCo, Inc. $PEP

Key Points

• Gallacher Capital Management LLC increased its holdings in PepsiCo by 1.7% in the 2nd quarter, owning 107,357 shares worth approximately $14.18 million, making it the largest position in their portfolio.
• PepsiCo's latest earnings report showed an EPS of $2.12, surpassing analysts' estimates, with quarterly revenue of $22.73 billion—a year-over-year increase of 1.0%.
• The company announced a quarterly dividend of $1.4225 per share, equating to an annual yield of 4.0%, with the dividend payout ratio currently at 103.64%.

Gallacher Capital Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,357 shares of the company's stock after purchasing an additional 1,845 shares during the period. PepsiCo makes up approximately 6.6% of Gallacher Capital Management LLC's holdings, making the stock its largest holding. Gallacher Capital Management LLC's holdings in PepsiCo were worth $14,175,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Brighton Jones LLC raised 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 buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG raised its holdings in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares during the period. Trace Wealth Advisors LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $373,000. Tidal Investments LLC increased its holdings in PepsiCo by 33.7% during the 4th quarter. Tidal Investments LLC now owns 101,266 shares of the company's stock worth $15,399,000 after purchasing an additional 25,547 shares during the last quarter. Finally, Texas Bank & Trust Co purchased a new stake in PepsiCo during the 4th quarter worth approximately $1,204,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP opened at $143.53 on Monday. The company has a market cap of $196.50 billion, a P/E ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. The stock has a fifty day moving average price of $143.81 and a 200 day moving average price of $140.44. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm's revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, research analysts forecast 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 will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup lifted their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price objective on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, Cowen restated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $158.67.

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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