Watts Gwilliam & Co. LLC Has $9.74 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Watts Gwilliam & Co. LLC increased its stake in PepsiCo, Inc. by an impressive 1,637.1%, acquiring a total of 64,934 shares valued at approximately $9.7 million.
• PepsiCo recently posted an earnings report with an EPS of $2.12, surpassing estimates, and reported revenue of $22.73 billion, indicating a 1% increase year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, which represents a yield of 3.8% and reflects a payout ratio of 103.64%.

Watts Gwilliam & Co. LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1,637.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,934 shares of the company's stock after buying an additional 61,196 shares during the quarter. PepsiCo comprises about 2.1% of Watts Gwilliam & Co. LLC's holdings, making the stock its 10th largest position. Watts Gwilliam & Co. LLC's holdings in PepsiCo were worth $9,736,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elite Financial Inc. bought a new stake in shares of PepsiCo in the 1st quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo during the 4th quarter valued at approximately $31,000. Sunbeam Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $47,000. MorganRosel Wealth Management LLC purchased a new position in shares of PepsiCo during the 1st quarter worth approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of PepsiCo during the 1st quarter worth approximately $58,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.7%

NASDAQ PEP traded up $2.61 during trading on Tuesday, hitting $152.16. The stock had a trading volume of 8,593,550 shares, compared to its average volume of 7,820,128. 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 market capitalization of $208.32 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 3.98 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The stock has a 50 day simple moving average of $138.19 and a 200 day simple moving average of $140.56.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Barclays raised their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Four 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $158.73.

About PepsiCo

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.