PepsiCo, Inc. $PEP Shares Bought by Martin Capital Partners LLC

Key Points

• Martin Capital Partners LLC increased its holdings in PepsiCo by 207.3% in Q2, owning 22,242 shares valued at approximately $2.93 million after purchasing an additional 15,005 shares.
• PepsiCo reported earnings per share of $2.12 for the last quarter, beating expectations, with revenues reaching $22.73 billion, indicating a 1.0% year-over-year increase.
• The company recently announced a quarterly dividend of $1.4225 per share with a yield of 4.0%, although its payout ratio is currently at 103.64%.

Martin Capital Partners LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 207.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,242 shares of the company's stock after purchasing an additional 15,005 shares during the quarter. Martin Capital Partners LLC's holdings in PepsiCo were worth $2,937,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Legacy Financial Group LLC raised its holdings in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the last quarter. Centurion Wealth Management LLC raised its holdings in shares of PepsiCo by 3.8% during 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. Pflug Koory LLC raised its holdings in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the last quarter. Hoge Financial Services LLC raised its holdings in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares during the last quarter. Finally, Members Trust Co raised its holdings in shares of PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.5%

Shares of PepsiCo stock opened at $143.53 on Monday. The firm has a market capitalization of $196.50 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.46. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.43. 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 50 day moving average of $143.81 and a 200 day moving average of $140.44.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share 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 company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the prior year, the business posted $2.28 earnings per share. The firm's revenue for the quarter 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, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PEP shares. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target 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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