Godsey & Gibb Inc. Boosts Stock Position in PepsiCo, Inc. $PEP

Key Points

• Godsey & Gibb Inc. increased its stake in PepsiCo, Inc. by 2.2% during the second quarter, bringing its total holdings to 133,178 shares worth approximately $17.59 million.
• PepsiCo reported a quarterly EPS of $2.12, exceeding expectations, with revenue of $22.73 billion for the quarter, up 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, translating to an annualized dividend yield of 4.1%.

Godsey & Gibb Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 133,178 shares of the company's stock after acquiring an additional 2,895 shares during the period. Godsey & Gibb Inc.'s holdings in PepsiCo were worth $17,585,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of PepsiCo in the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in PepsiCo in the second quarter valued at $460,110,000. Assenagon Asset Management S.A. increased its holdings in PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after buying an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. increased its holdings in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP stock opened at $139.70 on Tuesday. The firm has a 50 day moving average of $144.32 and a 200-day moving average of $139.30. 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 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a market cap of $191.26 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the firm posted $2.28 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Friday, September 5th. PepsiCo's dividend payout ratio is 103.64%.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Wells Fargo & Company lowered their price objective on PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a report on Thursday, September 25th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of PepsiCo in a report on Saturday, September 27th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $158.13.

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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