GFS Advisors LLC Purchases 13,105 Shares of PepsiCo, Inc. $PEP

GFS Advisors LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.7% in the second quarter, Holdings Channel reports. The firm owned 86,975 shares of the company’s stock after buying an additional 13,105 shares during the quarter. PepsiCo accounts for approximately 1.6% of GFS Advisors LLC’s holdings, making the stock its 22nd biggest holding. GFS Advisors LLC’s holdings in PepsiCo were worth $11,484,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Fifth Third Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 23.9% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 39,062 shares of the company’s stock valued at $5,158,000 after purchasing an additional 7,541 shares in the last quarter. Natural Investments LLC increased its holdings in shares of PepsiCo by 4.8% in the second quarter. Natural Investments LLC now owns 13,587 shares of the company’s stock worth $1,794,000 after purchasing an additional 627 shares during the period. Bey Douglas LLC boosted its position in PepsiCo by 20.2% during the second quarter. Bey Douglas LLC now owns 2,322 shares of the company’s stock valued at $307,000 after buying an additional 391 shares during the period. Lindenwold Advisors INC raised its stake in PepsiCo by 5.9% in the second quarter. Lindenwold Advisors INC now owns 13,004 shares of the company’s stock worth $1,717,000 after buying an additional 728 shares in the last quarter. Finally, Conning Inc. increased its position in shares of PepsiCo by 13.8% during the second quarter. Conning Inc. now owns 265,925 shares of the company’s stock valued at $35,113,000 after acquiring an additional 32,269 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Up 3.7%

PepsiCo stock opened at $150.08 on Friday. The firm’s fifty day moving average price is $144.53 and its 200-day moving average price is $139.26. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $177.50. The stock has a market cap of $205.47 billion, a P/E ratio of 28.53, a PEG ratio of 3.76 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 58.46%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Evercore ISI boosted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday. Bank of America raised their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Five research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.