West Tower Group LLC Purchases 300 Shares of PepsiCo, Inc. $PEP

West Tower Group LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,300 shares of the company’s stock after purchasing an additional 300 shares during the period. PepsiCo comprises about 0.9% of West Tower Group LLC’s investment portfolio, making the stock its 27th largest position. West Tower Group LLC’s holdings in PepsiCo were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. GAMMA Investing LLC raised its position in PepsiCo by 28.1% in 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. Advisor Resource Council bought a new position in PepsiCo during the first quarter worth about $819,000. GAM Holding AG boosted its holdings in PepsiCo by 62.3% during the first quarter. GAM Holding AG now owns 11,413 shares of the company’s stock valued at $1,711,000 after purchasing an additional 4,383 shares in the last quarter. Finally, Cullinan Associates Inc. grew its stake in shares of PepsiCo by 4.2% in the 1st quarter. Cullinan Associates Inc. now owns 27,493 shares of the company’s stock valued at $4,122,000 after purchasing an additional 1,100 shares during the period. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Bank of America raised their target price on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Morgan Stanley lifted their price objective on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Evercore ISI boosted their target price on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. The Goldman Sachs Group increased their target price on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Finally, UBS Group reduced their price target 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. Six analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $156.00.

PepsiCo Stock Up 0.7%

Shares of NASDAQ PEP opened at $153.71 on Monday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The firm’s 50-day simple moving average is $145.51 and its 200 day simple moving average is $139.25. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a market cap of $210.17 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.74 and a beta of 0.46.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

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.