PepsiCo, Inc. $PEP Shares Purchased by Woodward Diversified Capital LLC

Key Points

• Woodward Diversified Capital LLC increased its stake in PepsiCo by 44.8% in Q2, owning 7,478 shares worth approximately $987,000 after purchasing an additional 2,315 shares.
• PepsiCo's recent earnings report showed a $2.12 EPS, exceeding estimates, with total revenue of $22.73 billion, marking a 1.0% year-over-year increase.
• The company declared a quarterly dividend of $1.4225 per share, yielding around 4.0%, despite a high dividend payout ratio of 103.64%.

Woodward Diversified Capital LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 44.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,478 shares of the company's stock after purchasing an additional 2,315 shares during the period. Woodward Diversified Capital LLC's holdings in PepsiCo were worth $987,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Claris Advisors LLC MO lifted its stake in shares of PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after purchasing an additional 308 shares in the last quarter. Foster Group Inc. lifted its position in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after acquiring an additional 229 shares in the last quarter. Asset Management One Co. Ltd. lifted its position in PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ignite Planners LLC lifted its position in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after acquiring an additional 151 shares in the last quarter. Finally, Fulton Bank N.A. lifted its position in PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock worth $3,342,000 after acquiring an additional 620 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PEP. Wells Fargo & Company reduced their target price on shares of PepsiCo from $154.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Thursday, September 25th. Barclays boosted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a "buy" rating on the stock in a research note on Thursday, September 11th. Bank of America cut their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.13.

PepsiCo Trading Up 1.9%

Shares of NASDAQ PEP opened at $143.14 on Thursday. The stock's 50 day moving average price is $144.43 and its two-hundred day moving average price is $139.56. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50. The stock has a market capitalization of $195.97 billion, a P/E ratio of 26.07, a PEG ratio of 3.54 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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, beating the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. PepsiCo's dividend payout ratio is 103.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.