West Oak Capital LLC Increases Position in PepsiCo, Inc. $PEP

Key Points

• West Oak Capital LLC increased its position in PepsiCo, Inc. by 19.6%, now holding 13,859 shares worth approximately $1.83 million.
• PepsiCo reported a quarterly earnings per share (EPS) of $2.12, surpassing estimates of $2.03, with revenue reaching $22.73 billion.
• The company has declared a quarterly dividend of $1.4225 per share, marking an annualized dividend yield of 4.0%.

West Oak Capital LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,859 shares of the company's stock after purchasing an additional 2,270 shares during the period. West Oak Capital LLC's holdings in PepsiCo were worth $1,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $28,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at $55,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. Finally, Greykasell Wealth Strategies Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $141.03 on Tuesday. The company has a 50-day simple moving average of $144.50 and a 200-day simple moving average of $139.87. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company has a market capitalization of $193.08 billion, a PE ratio of 25.69, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. 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 report on Monday, September 15th. Wells Fargo & Company increased their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Finally, Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. 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, the company presently has a consensus rating of "Hold" and a consensus target price of $158.60.

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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