Philip James Wealth Mangement LLC Purchases 53,483 Shares of PepsiCo, Inc. $PEP

Key Points

• Philip James Wealth Management LLC significantly increased its holdings in PepsiCo, Inc. by 201.6%, acquiring an additional 53,483 shares during the second quarter, bringing its total to 80,008 shares valued at approximately $10.56 million.
• PepsiCo reported a quarterly earnings EPS of $2.12, exceeding analysts' expectations, with a revenue of $22.73 billion for the quarter, which represents a 1% increase compared to the previous year.
• The company declared a quarterly dividend of $1.4225, yielding approximately 4.0% annually, despite having a payout ratio of 103.64%.

Philip James Wealth Mangement LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 201.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 80,008 shares of the company's stock after purchasing an additional 53,483 shares during the period. PepsiCo accounts for about 1.3% of Philip James Wealth Mangement LLC's holdings, making the stock its 15th biggest position. Philip James Wealth Mangement LLC's holdings in PepsiCo were worth $10,564,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Claris Advisors LLC MO increased its holdings in 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 buying an additional 308 shares during the last quarter. Foster Group Inc. increased its stake in shares of PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock worth $683,000 after purchasing an additional 229 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after purchasing an additional 21,859 shares in the last quarter. Ignite Planners LLC increased its stake in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after purchasing an additional 151 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in shares of PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock worth $3,342,000 after purchasing an additional 620 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.14 on Thursday. The company has a 50 day moving average of $144.43 and a 200 day moving average of $139.56. The stock has a market cap of $195.97 billion, a P/E ratio of 26.07, a P/E/G ratio of 3.54 and a beta of 0.46. 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the company earned $2.28 EPS. The business'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, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid 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 payout ratio is currently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. Morgan Stanley lifted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada reduced their target price 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. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and a consensus target price of $158.13.

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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