Windle Wealth LLC Has $6.81 Million Holdings in PepsiCo, Inc. $PEP

Windle Wealth LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,609 shares of the company’s stock after purchasing an additional 2,433 shares during the period. PepsiCo accounts for about 3.3% of Windle Wealth LLC’s investment portfolio, making the stock its 23rd largest position. Windle Wealth LLC’s holdings in PepsiCo were worth $6,814,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Wedge Capital Management L L P NC bought a new position in PepsiCo in the 1st quarter worth approximately $408,000. Pallas Capital Advisors LLC increased its position in PepsiCo by 272.8% in the 1st quarter. Pallas Capital Advisors LLC now owns 9,678 shares of the company’s stock worth $1,451,000 after buying an additional 7,082 shares during the period. GAMMA Investing LLC increased its position in PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after buying an additional 6,712 shares during the period. Finally, Integrated Advisors Network LLC increased its position in PepsiCo by 107.1% in the 1st quarter. Integrated Advisors Network LLC now owns 35,757 shares of the company’s stock worth $5,361,000 after buying an additional 18,489 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Finally, Wells Fargo & Company decreased their price target on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $158.13.

PepsiCo Trading Down 1.4%

NASDAQ PEP opened at $138.84 on Thursday. The stock has a 50-day simple moving average of $144.18 and a 200 day simple moving average of $139.30. The company has a market capitalization of $190.08 billion, a PE ratio of 25.29, a P/E/G ratio of 3.55 and a beta of 0.46. 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, Inc. has a 12 month low of $127.60 and a 12 month high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’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 company earned $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

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.