PepsiCo, Inc. $PEP Shares Acquired by WoodTrust Financial Corp

Key Points

• WoodTrust Financial Corp increased its holdings in PepsiCo by 2.9% during Q2, owning 73,085 shares valued at approximately $9.65 million, making it the firm's 23rd largest holding.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, exceeding expectations, with revenue reaching $22.73 billion, a 1% increase from the previous year.
• The company's recent dividend declaration of $1.4225 per share translates to an annualized yield of 4.0%, with a payout ratio currently at 103.64%.

WoodTrust Financial Corp lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,085 shares of the company's stock after acquiring an additional 2,085 shares during the quarter. PepsiCo accounts for approximately 1.1% of WoodTrust Financial Corp's portfolio, making the stock its 23rd largest holding. WoodTrust Financial Corp's holdings in PepsiCo were worth $9,650,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. JSF Financial LLC increased its position in shares of PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company's stock worth $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock worth $73,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC lifted its stake in PepsiCo by 0.5% in the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company's stock valued at $2,180,000 after acquiring an additional 74 shares during the last quarter. Centurion Wealth Management LLC lifted its stake in PepsiCo by 3.8% in the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after acquiring an additional 75 shares during the last quarter. Finally, SK Wealth Management LLC lifted its stake in PepsiCo by 3.3% in the second 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 during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on PEP shares. Bank of America dropped their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays reissued a "cautious" rating on shares of PepsiCo in a report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $158.13.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.79 on Wednesday. The business's 50 day simple moving average is $144.26 and its 200 day simple moving average is $139.31. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The stock has a market capitalization of $192.75 billion, a PE ratio of 25.64, a PEG ratio of 3.53 and a beta of 0.46. 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 (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company's revenue for the quarter was up 1.0% compared to the same quarter last year. 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. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio is presently 103.64%.

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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