PepsiCo, Inc. $PEP Shares Sold by Ramirez Asset Management Inc.

Ramirez Asset Management Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 87.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 900 shares of the company’s stock after selling 6,239 shares during the period. Ramirez Asset Management Inc.’s holdings in PepsiCo were worth $119,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Claris Advisors LLC MO grew its position in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares in the last quarter. Foster Group Inc. grew its position in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after buying an additional 229 shares in the last quarter. Asset Management One Co. Ltd. grew its position in PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after buying an additional 21,859 shares in the last quarter. Ignite Planners LLC grew its position 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 in the last quarter. Finally, Merit Financial Group LLC grew its position 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $144.71 on Friday. The company has a 50 day simple moving average of $144.32 and a 200-day simple moving average of $139.29. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $198.12 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 3.50 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Weiss Ratings restated a “hold (c-)” rating on shares of PepsiCo in a research report on Saturday, September 27th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, Barclays restated a “cautious” rating on shares of PepsiCo in a research report on Friday, October 3rd. Four equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target 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.