Welch Group LLC Acquires 13,163 Shares of PepsiCo, Inc. $PEP

Key Points

• Welch Group LLC increased its holdings in PepsiCo by 3.8%, acquiring an additional 13,163 shares in the second quarter, raising its total to 363,869 shares valued at approximately $48 million.
• The company announced a quarterly dividend of $1.4225, resulting in an annualized payout of $5.69 and a dividend yield of 3.8%.
• PepsiCo recently reported earnings of $2.29 EPS, exceeding analysts' expectations, and had revenue for the quarter amounting to $23.94 billion.

Welch Group LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 363,869 shares of the company's stock after buying an additional 13,163 shares during the quarter. PepsiCo accounts for about 2.0% of Welch Group LLC's investment portfolio, making the stock its 28th biggest position. Welch Group LLC's holdings in PepsiCo were worth $48,045,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. JSF Financial LLC grew its stake in shares of PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company's stock worth $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC grew its stake in shares of PepsiCo by 15.4% during the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock worth $73,000 after purchasing an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC grew its stake in shares of PepsiCo by 0.5% during the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company's stock worth $2,180,000 after purchasing an additional 74 shares in the last quarter. Bull Street Advisors LLC grew its stake in shares of PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company's stock worth $2,628,000 after purchasing an additional 74 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its stake in shares of PepsiCo by 3.8% during the second quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock worth $273,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP opened at $150.08 on Monday. The firm has a fifty day moving average price of $144.53 and a 200 day moving average price of $139.19. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a market cap of $205.47 billion, a PE ratio of 28.53, a price-to-earnings-growth ratio of 3.75 and a beta of 0.46.

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

PepsiCo Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. HSBC boosted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a research note on Friday. Bank of America boosted their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday. Royal Bank Of Canada lowered 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. Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday. Finally, Citigroup reduced their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research report on Thursday, September 25th. Five investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $157.75.

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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