Hall Capital Management Co. Inc. Buys 611 Shares of PepsiCo, Inc. $PEP

Hall Capital Management Co. Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,367 shares of the company’s stock after purchasing an additional 611 shares during the period. PepsiCo accounts for 1.5% of Hall Capital Management Co. Inc.’s portfolio, making the stock its 19th largest position. Hall Capital Management Co. Inc.’s holdings in PepsiCo were worth $3,614,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JSF Financial LLC increased its holdings in shares of PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after buying an additional 69 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after buying an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after purchasing an additional 74 shares during the last quarter. Centurion Wealth Management LLC raised its position in PepsiCo by 3.8% in the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after purchasing an additional 75 shares during the period. Finally, SK Wealth Management LLC raised its position in PepsiCo by 3.3% in the 2nd quarter. SK Wealth Management LLC now owns 2,375 shares of the company’s stock worth $319,000 after purchasing an additional 75 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley increased their price objective 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. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Finally, Wells Fargo & Company lowered their price objective on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research report on Thursday, September 25th. Four equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $158.13.

PepsiCo Price Performance

PepsiCo stock opened at $140.79 on Wednesday. The firm has a 50-day moving average of $144.26 and a two-hundred day moving average of $139.31. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50. The stock has a market cap of $192.75 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 3.53 and a beta of 0.46. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $22.28 billion. During the same quarter in the prior year, the company earned $2.28 EPS. The company’s 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. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared 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 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is presently 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.