WealthPlan Investment Management LLC Purchases 10,508 Shares of PepsiCo, Inc. $PEP

Key Points

• WealthPlan Investment Management LLC increased its stake in PepsiCo by 13.7%, acquiring an additional 10,508 shares, bringing its total holdings to 87,112 shares valued at approximately $11.5 million.
• PepsiCo recently reported earnings of $2.29 per share, surpassing expectations and achieving a revenue of $23.94 billion for the quarter, which is a 2.7% increase year-over-year.
• The company declared a quarterly dividend of $1.4225 per share, with an annualized dividend yield of 3.8%, although its payout ratio stands at 108.17%.

WealthPlan Investment Management LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,112 shares of the company's stock after purchasing an additional 10,508 shares during the quarter. WealthPlan Investment Management LLC's holdings in PepsiCo were worth $11,502,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Alta Capital Management LLC increased its holdings in shares of PepsiCo by 10.1% in the second quarter. Alta Capital Management LLC now owns 24,314 shares of the company's stock worth $3,210,000 after purchasing an additional 2,222 shares during the last quarter. Callahan Advisors LLC increased its holdings in shares of PepsiCo by 2.8% in the second quarter. Callahan Advisors LLC now owns 130,514 shares of the company's stock worth $17,233,000 after purchasing an additional 3,573 shares during the last quarter. Uptick Partners LLC increased its holdings in shares of PepsiCo by 30.9% in the second quarter. Uptick Partners LLC now owns 5,200 shares of the company's stock worth $687,000 after purchasing an additional 1,229 shares during the last quarter. Smart Portfolios LLC increased its holdings in shares of PepsiCo by 5.1% in the second quarter. Smart Portfolios LLC now owns 3,493 shares of the company's stock worth $461,000 after purchasing an additional 170 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its holdings in shares of PepsiCo by 80.1% in the second quarter. Rosenberg Matthew Hamilton now owns 2,159 shares of the company's stock worth $285,000 after purchasing an additional 960 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3%

Shares of NASDAQ:PEP opened at $151.16 on Thursday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The business has a 50 day simple moving average of $145.17 and a two-hundred day simple moving average of $139.35. The firm has a market capitalization of $206.69 billion, a PE ratio of 28.74, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued a $1.4225 dividend. The ex-dividend date was Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's payout ratio is presently 108.17%.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Barclays lifted their price target on PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday, October 10th. Wells Fargo & Company lifted their price target on PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a research report on Friday, October 10th. HSBC lifted their price target on PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a research report on Friday, October 10th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Six analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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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