E. Ohman J or Asset Management AB Sells 3,997 Shares of PepsiCo, Inc. $PEP

Key Points

• E. Ohman J or Asset Management AB has reduced its stake in PepsiCo by 6.6%, selling 3,997 shares in the second quarter, bringing its total holdings to 56,923 shares valued at approximately $7.5 million.
• Several hedge funds have modified their positions in PepsiCo, with a significant increase in ownership from Inspire Trust Co. N.A., which raised its stake by 39.2% in the fourth quarter.
• PepsiCo recently declared a quarterly dividend of $1.4225, representing an annual yield of 4.0%, with a dividend payout ratio of 103.64%.

E. Ohman J or Asset Management AB cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 56,923 shares of the company's stock after selling 3,997 shares during the quarter. E. Ohman J or Asset Management AB's holdings in PepsiCo were worth $7,516,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. lifted its stake in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares during the period. Ignite Planners LLC lifted its stake in PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock worth $566,000 after acquiring an additional 151 shares during the period. Graybill Wealth Management LTD. purchased a new stake in PepsiCo in the first quarter worth about $3,633,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after acquiring an additional 6,112 shares during the period. Finally, Inspire Trust Co. N.A. lifted its stake in PepsiCo by 39.2% in the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock worth $2,604,000 after acquiring an additional 4,825 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on PEP. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Thursday. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Royal Bank Of Canada reissued a "sector perform" rating and set a $146.00 price target on shares of PepsiCo in a research report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average price target of $158.67.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $143.53 on Monday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.43. The company's 50 day moving average is $143.81 and its 200 day moving average is $140.44. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The company has a market cap of $196.50 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.46.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio is 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.

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