Sumitomo Mitsui DS Asset Management Company Ltd Decreases Stake in PepsiCo, Inc. $PEP

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 27.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,380 shares of the company’s stock after selling 74,558 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in PepsiCo were worth $25,930,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PEP. Nuveen LLC acquired a new stake in shares of PepsiCo during the first quarter valued at about $946,978,000. GAMMA Investing LLC increased its position in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $221,297,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.9%

PEP stock opened at $141.23 on Thursday. The company has a fifty day moving average price of $144.16 and a 200 day moving average price of $140.36. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $178.06. The company has a market cap of $193.36 billion, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 3.54 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.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating 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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the firm earned $2.28 EPS. PepsiCo’s revenue for the quarter was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo’s payout ratio is currently 103.64%.

Analyst Ratings Changes

A number of brokerages recently weighed in on PEP. Citigroup lifted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Bank of America dropped 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. Four research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $158.60.

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.