Ramirez Asset Management Inc. Decreases Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Ramirez Asset Management Inc. has significantly reduced its stake in PepsiCo by 87.4% during Q2, ending with just 900 shares, valued at $119,000.
• PepsiCo reported earnings per share of $2.29 for the most recent quarter, surpassing analysts' expectations of $2.26, with revenues also exceeding projections at $23.94 billion.
• The company declared a quarterly dividend of $1.4225, representing an annual yield of 3.9%, despite a high dividend payout ratio of 103.64%.

Ramirez Asset Management Inc. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 87.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 900 shares of the company's stock after selling 6,239 shares during the quarter. Ramirez Asset Management Inc.'s holdings in PepsiCo were worth $119,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Nuveen LLC purchased a new position in shares of PepsiCo in the first quarter valued at $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in shares of PepsiCo in the second quarter valued at $460,110,000. Vanguard Group Inc. boosted its stake in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG boosted its stake in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after purchasing an additional 1,165,745 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 4.2%

Shares of NASDAQ:PEP opened at $144.71 on Friday. The stock 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 1-year low of $127.60 and a 1-year high of $177.50. The company's fifty day moving average is $144.32 and its two-hundred day moving average is $139.29. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts' consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to analysts' expectations 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 company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were issued 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 (DPR) is 103.64%.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Cowen restated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. BNP Paribas Exane decreased their target price on shares of PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research note on Monday. Barclays restated a "cautious" rating on shares of PepsiCo in a research note on Friday, October 3rd. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. 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 company. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price of $158.13.

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.

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