Curi RMB Capital LLC Has $8.96 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Curi RMB Capital LLC reduced its stake in PepsiCo, Inc. by 28.9%, selling 24,315 shares, and now holds 59,756 shares valued at approximately $8.96 million.
• Several hedge funds, including Vanguard Group Inc. and Charles Schwab Investment Management Inc., have increased their positions in PepsiCo during the same quarter, suggesting increased institutional interest.
• PepsiCo recently reported $2.12 earnings per share, surpassing estimates, and also announced a quarterly dividend of $1.4225 per share, reflecting its strong financial performance despite a declining EPS year-over-year.

Curi RMB Capital LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,756 shares of the company's stock after selling 24,315 shares during the quarter. Curi RMB Capital LLC's holdings in PepsiCo were worth $8,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Legacy Financial Group LLC boosted its holdings in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Pflug Koory LLC boosted its holdings in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the period. Hoge Financial Services LLC boosted its holdings in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares during the period. Members Trust Co boosted its holdings in shares of PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after acquiring an additional 77 shares during the period. Finally, Fairview Capital Investment Management LLC boosted its holdings in shares of PepsiCo by 2.3% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after acquiring an additional 78 shares during the period. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Bank of America reduced their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Barclays upped their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.60.

PepsiCo Price Performance

NASDAQ PEP traded down $0.50 on Friday, reaching $146.39. The company's stock had a trading volume of 7,185,531 shares, compared to its average volume of 8,131,284. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The stock has a market cap of $200.42 billion, a PE ratio of 26.66, a PEG ratio of 3.70 and a beta of 0.46. The firm's 50 day moving average is $143.00 and its two-hundred day moving average is $140.81.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The business's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

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.