Welch Group LLC Boosts Stock Holdings in PepsiCo, Inc. $PEP

Welch Group LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 363,869 shares of the company’s stock after purchasing an additional 13,163 shares during the period. PepsiCo comprises approximately 2.0% of Welch Group LLC’s holdings, making the stock its 28th largest position. Welch Group LLC’s holdings in PepsiCo were worth $48,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PEP. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC raised its holdings in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Opal Wealth Advisors LLC purchased a new position in PepsiCo during the first quarter worth about $121,000. Missouri Trust & Investment Co raised its holdings in PepsiCo by 20.8% during the first quarter. Missouri Trust & Investment Co now owns 8,762 shares of the company’s stock worth $1,314,000 after purchasing an additional 1,507 shares in the last quarter. Finally, Tcfg Wealth Management LLC grew its position in PepsiCo by 115.7% during the first quarter. Tcfg Wealth Management LLC now owns 4,180 shares of the company’s stock worth $627,000 after buying an additional 2,242 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 3.7%

PEP stock opened at $150.08 on Monday. The company’s 50 day simple moving average is $144.53 and its 200-day simple moving average is $139.19. The firm has a market capitalization of $205.47 billion, a PE ratio of 28.53, a P/E/G ratio of 3.75 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month 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.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is presently 108.17%.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Morgan Stanley upped their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Bank of America upped their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday. Evercore ISI upped their target price on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Finally, UBS Group lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Five equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $157.75.

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.