Sippican Capital Advisors Raises Position in PepsiCo, Inc. $PEP

Sippican Capital Advisors raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,508 shares of the company’s stock after purchasing an additional 596 shares during the quarter. Sippican Capital Advisors’ holdings in PepsiCo were worth $595,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 during the last quarter. Stanley Laman Group Ltd. raised its stake in shares of PepsiCo by 44.2% in the first quarter. Stanley Laman Group Ltd. now owns 3,529 shares of the company’s stock worth $529,000 after purchasing an additional 1,081 shares during the last quarter. Tudor Financial Inc. raised its stake in shares of PepsiCo by 10.6% in the first quarter. Tudor Financial Inc. now owns 6,834 shares of the company’s stock worth $1,025,000 after purchasing an additional 655 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC raised its stake in shares of PepsiCo by 27.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 20,406 shares of the company’s stock worth $3,060,000 after purchasing an additional 4,392 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $150.08 on Friday. The stock has a fifty day simple moving average of $144.53 and a two-hundred day simple moving average of $139.26. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The firm has a market cap of $205.47 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.76 and a beta of 0.46. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 58.46% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period in the prior year, the company earned $2.31 earnings per share. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. UBS Group decreased their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup decreased their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $158.88.

PepsiCo 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.