PepsiCo, Inc. $PEP Shares Acquired by Godsey & Gibb Inc.

Godsey & Gibb Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 2nd quarter, Holdings Channel reports. The fund owned 133,178 shares of the company’s stock after buying an additional 2,895 shares during the period. Godsey & Gibb Inc.’s holdings in PepsiCo were worth $17,585,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Claris Advisors LLC MO increased its stake in shares of PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after purchasing an additional 308 shares during the last quarter. Foster Group Inc. increased its stake in shares of PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after purchasing an additional 229 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC grew its stake in PepsiCo by 4.2% in the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock valued at $566,000 after buying an additional 151 shares during the last quarter. Finally, Merit Financial Group LLC grew its stake in PepsiCo by 46.4% in the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after buying an additional 36,239 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PEP shares. Cowen reiterated a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research note on Monday. Barclays reissued a “cautious” rating on shares of PepsiCo in a report on Friday. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Four analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $158.13.

PepsiCo Trading Down 1.6%

Shares of PEP stock opened at $139.70 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $177.50. The company has a market capitalization of $191.26 billion, a P/E ratio of 25.45, a P/E/G ratio of 3.58 and a beta of 0.46. The firm has a 50-day moving average price of $144.32 and a 200 day moving average price of $139.30. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo’s payout ratio is currently 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.