Diamant Asset Management Inc. Decreases Position in PepsiCo, Inc. $PEP

Diamant Asset Management Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,485 shares of the company’s stock after selling 395 shares during the period. PepsiCo comprises about 2.3% of Diamant Asset Management Inc.’s portfolio, making the stock its 10th biggest position. Diamant Asset Management Inc.’s holdings in PepsiCo were worth $2,969,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter worth approximately $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in shares of PepsiCo in the second quarter valued at approximately $29,000. MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo in the first quarter valued at approximately $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of PepsiCo in the first quarter valued at approximately $58,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4%

PEP opened at $140.44 on Friday. The stock has a market cap of $192.27 billion, a PE ratio of 25.58, a P/E/G ratio of 3.53 and a beta of 0.46. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $177.50. The business’s fifty day simple moving average is $144.63 and its 200 day simple moving average is $139.71.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Analyst Ratings Changes

Several equities analysts have weighed in on PEP shares. Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a report on Friday, July 11th. Barclays increased their price objective on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Citigroup dropped their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank Of Canada dropped their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.13.

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.