PepsiCo, Inc. $PEP Shares Acquired by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,395 shares of the company’s stock after purchasing an additional 1,020 shares during the period. Duncan Williams Asset Management LLC’s holdings in PepsiCo were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the company. Cullinan Associates Inc. boosted its holdings in PepsiCo by 2.5% in the second quarter. Cullinan Associates Inc. now owns 28,193 shares of the company’s stock valued at $3,723,000 after purchasing an additional 700 shares during the last quarter. Sendero Wealth Management LLC raised its stake in PepsiCo by 1.9% during the second quarter. Sendero Wealth Management LLC now owns 21,244 shares of the company’s stock worth $2,805,000 after acquiring an additional 394 shares during the period. Joule Financial LLC grew its stake in PepsiCo by 9.8% during the 2nd quarter. Joule Financial LLC now owns 3,057 shares of the company’s stock worth $404,000 after buying an additional 274 shares during the last quarter. Plimoth Trust Co. LLC boosted its position in PepsiCo by 10.9% during the 2nd quarter. Plimoth Trust Co. LLC now owns 20,414 shares of the company’s stock worth $2,695,000 after acquiring an additional 2,003 shares during the period. Finally, Global Assets Advisory LLC lifted its position in PepsiCo by 96.8% in the second quarter. Global Assets Advisory LLC now owns 4,427 shares of the company’s stock worth $599,000 after purchasing an additional 2,177 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Barclays reaffirmed a “cautious” rating on shares of PepsiCo in a research report on Friday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company reduced their target price on shares of PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 25th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $157.87.

PepsiCo Stock Performance

NASDAQ:PEP opened at $141.98 on Monday. 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, Inc. has a twelve month low of $127.60 and a twelve month high of $177.50. The company has a fifty day moving average of $144.36 and a 200-day moving average of $139.34. The firm has a market capitalization of $194.38 billion, a P/E ratio of 25.86, a P/E/G ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data 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. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.0%. 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.