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

Diamant Asset Management Inc. reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,485 shares of the company’s stock after selling 395 shares during the quarter. PepsiCo makes up 2.3% of Diamant Asset Management Inc.’s investment portfolio, making the stock its 10th largest holding. Diamant Asset Management Inc.’s holdings in PepsiCo were worth $2,969,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Versant Capital Management Inc grew its position in PepsiCo by 52.8% in the first quarter. Versant Capital Management Inc now owns 6,604 shares of the company’s stock valued at $990,000 after acquiring an additional 2,281 shares during the period. Agate Pass Investment Management LLC grew its position in PepsiCo by 17.1% in the first quarter. Agate Pass Investment Management LLC now owns 22,602 shares of the company’s stock valued at $3,389,000 after acquiring an additional 3,294 shares during the period. Moody National Bank Trust Division grew its position in PepsiCo by 1.5% in the first quarter. Moody National Bank Trust Division now owns 19,217 shares of the company’s stock valued at $2,881,000 after acquiring an additional 288 shares during the period. Finally, Sage Capital Advisors llc grew its position in PepsiCo by 64.1% in the first quarter. Sage Capital Advisors llc now owns 62,473 shares of the company’s stock valued at $9,367,000 after acquiring an additional 24,408 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company decreased their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating on the stock in a report on Thursday. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. Cowen restated a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $158.13.

PepsiCo Trading Up 0.4%

NASDAQ PEP opened at $140.44 on Friday. The firm has a market cap of $192.27 billion, a P/E ratio of 25.58, a P/E/G ratio of 3.53 and a beta of 0.46. 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 stock’s 50-day moving average is $144.63 and its 200-day moving average is $139.71. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.PepsiCo’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.28 earnings per share. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. 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.