Diamant Asset Management Inc. Has $556.94 Million Stock Holdings in PepsiCo, Inc. $PEP

Diamant Asset Management Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16,146.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,586,423 shares of the company’s stock after buying an additional 3,564,348 shares during the period. PepsiCo comprises about 1.8% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 14th biggest holding. Diamant Asset Management Inc.’s holdings in PepsiCo were worth $556,936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo during the fourth quarter valued at $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo during the 4th quarter worth about $28,000. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo during the 4th quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Finally, Strategic Advocates LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at approximately $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP opened at $141.39 on Friday. The stock has a 50-day simple moving average of $148.40 and a 200 day simple moving average of $152.01. PepsiCo, Inc. has a twelve month low of $128.11 and a twelve month high of $171.48. The stock has a market capitalization of $193.25 billion, a PE ratio of 22.20, a P/E/G ratio of 2.82 and a beta of 0.35. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.48 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is 92.94%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. BNP Paribas Exane raised their price target on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Piper Sandler reduced their price objective on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. UBS Group lowered their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Finally, Evercore raised their target price on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $166.85.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s brand and growth efforts are getting fresh visibility, including marketing around “modern soda,” dirty-soda products, and broader consumer engagement. These trends could support beverage demand and help the company defend share in a changing soft-drink market.
• Positive Sentiment: Analyst support remains constructive overall: Citigroup kept a Buy rating even after trimming its price target to $170, implying meaningful upside from current levels. That helps reassure investors that the stock still looks attractively valued despite recent weakness.
• Positive Sentiment: PepsiCo continues to stand out as a diversified dividend stock, with coverage highlighting its 54-year streak of dividend growth. For income-oriented investors, that long track record can provide support ahead of earnings. Article Title

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.