PepsiCo, Inc. $PEP Shares Purchased by Callahan Advisors LLC

Key Points

• Callahan Advisors LLC has increased its holdings in PepsiCo by 2.8%, now owning 130,514 shares worth approximately $17.23 million, making it the firm's 17th largest investment.
• PepsiCo reported earnings of $2.29 per share for the recent quarter, exceeding analysts' expectations of $2.26, with revenues of $23.94 billion compared to forecasts of $23.91 billion.
• The company announced a quarterly dividend of $1.4225 per share, implying an annualized dividend yield of 3.8%, despite a high dividend payout ratio of 108.17%.

Callahan Advisors LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 130,514 shares of the company's stock after acquiring an additional 3,573 shares during the quarter. PepsiCo comprises 1.5% of Callahan Advisors LLC's investment portfolio, making the stock its 17th biggest position. Callahan Advisors LLC's holdings in PepsiCo were worth $17,233,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth about $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo during the second quarter worth about $29,000. Frazier Financial Advisors LLC boosted its position in PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock worth $35,000 after acquiring an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new position in PepsiCo during the second quarter worth about $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $151.16 on Thursday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a market capitalization of $206.69 billion, a P/E ratio of 28.74, a PEG ratio of 3.69 and a beta of 0.46. The company has a 50 day moving average price of $145.17 and a 200 day moving average price of $139.35. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts' expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 108.17%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Bank of America increased their price target on shares of PepsiCo from $150.00 to $155.00 and gave the company a "neutral" rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Evercore ISI increased their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Royal Bank Of Canada dropped their price target on shares of PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a research note on Monday, September 15th. Finally, Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research note on Friday, October 10th. Six investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $156.00.

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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