Westfuller Advisors LLC Takes Position in PepsiCo, Inc. $PEP

Key Points

• Westfuller Advisors LLC purchased a new stake in PepsiCo, acquiring 3,748 shares valued at approximately $495,000 in the second quarter.
• PepsiCo recently declared a quarterly dividend of $1.4225, resulting in an annualized dividend of $5.69 and a yield of 4.0%.
• Analysts hold an average rating of "Hold" on PepsiCo shares, with target prices ranging from $145.00 to $168.00, reflecting differing outlooks on the stock's performance.

Westfuller Advisors LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,748 shares of the company's stock, valued at approximately $495,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after buying an additional 21,859 shares during the period. Ignite Planners LLC boosted its holdings in shares of PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after buying an additional 151 shares during the period. Fulton Bank N.A. boosted its holdings in shares of PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock valued at $3,342,000 after buying an additional 620 shares during the period. Graybill Wealth Management LTD. acquired a new position in shares of PepsiCo in the 1st quarter valued at about $3,633,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock valued at $40,624,000 after purchasing an additional 6,112 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on PEP. 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 boosted their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Bank of America reduced their target price 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. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $158.60.

PepsiCo Trading Up 0.7%

Shares of NASDAQ:PEP opened at $141.76 on Friday. The company has a 50 day moving average of $144.39 and a 200-day moving average of $140.07. The firm has a market cap of $194.08 billion, a P/E ratio of 25.82, a P/E/G ratio of 3.58 and a beta of 0.46. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve 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 issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, analysts anticipate 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 paid 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 of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.