Windle Wealth LLC Purchases 2,433 Shares of PepsiCo, Inc. $PEP

Windle Wealth LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,609 shares of the company’s stock after acquiring an additional 2,433 shares during the period. PepsiCo accounts for about 3.3% of Windle Wealth LLC’s portfolio, making the stock its 23rd biggest position. Windle Wealth LLC’s holdings in PepsiCo were worth $6,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $29,000. Investment Research & Advisory Group Inc. boosted its holdings in shares of PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $45,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Royal Bank Of Canada cut their price objective on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Citigroup cut their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Barclays reissued a “cautious” rating on shares of PepsiCo in a report on Friday, October 3rd. Finally, Bank of America cut their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Four research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $158.13.

PepsiCo Stock Down 1.4%

Shares of NASDAQ:PEP opened at $138.84 on Thursday. The company has a market capitalization of $190.08 billion, a price-to-earnings ratio of 25.29, a P/E/G ratio of 3.55 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. The business’s 50-day moving average is $144.18 and its 200-day moving average is $139.30. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $177.50.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 EPS. The firm’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. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid 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 was Friday, September 5th. PepsiCo’s payout ratio is presently 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.