PepsiCo, Inc. $PEP Shares Purchased by Woodward Diversified Capital LLC

Woodward Diversified Capital LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 44.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,478 shares of the company’s stock after purchasing an additional 2,315 shares during the period. Woodward Diversified Capital LLC’s holdings in PepsiCo were worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of PEP. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo during the first quarter valued at $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. increased its stake in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the first quarter valued at approximately $55,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Barclays lifted 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. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, July 11th. Finally, Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $158.13.

PepsiCo Trading Up 1.9%

NASDAQ PEP opened at $143.14 on Thursday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. 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 cap of $195.97 billion, a price-to-earnings ratio of 26.07, a PEG ratio of 3.54 and a beta of 0.46. The firm’s 50 day moving average price is $144.43 and its two-hundred day moving average price is $139.56.

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

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

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.