PepsiCo, Inc. $PEP is Westhampton Capital LLC’s 10th Largest Position

Westhampton Capital LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,893 shares of the company’s stock after buying an additional 656 shares during the quarter. PepsiCo accounts for 2.0% of Westhampton Capital LLC’s investment portfolio, making the stock its 10th largest holding. Westhampton Capital LLC’s holdings in PepsiCo were worth $3,815,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PEP. Nuveen LLC purchased a new position in PepsiCo during the 1st quarter worth $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of PepsiCo in the 2nd quarter valued at about $460,110,000. Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock valued at $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.2%

NASDAQ PEP opened at $140.17 on Tuesday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50. The company’s 50 day moving average price is $144.60 and its 200 day moving average price is $139.53. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $191.90 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 3.54 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the firm posted $2.28 earnings per share. PepsiCo’s revenue for the quarter 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, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PEP shares. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Citigroup lowered their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Morgan Stanley increased their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Bank of America lowered their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $158.13.

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.