Cullinan Associates Inc. Has $3.72 Million Stock Holdings in PepsiCo, Inc. $PEP

Cullinan Associates Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,193 shares of the company’s stock after buying an additional 700 shares during the quarter. Cullinan Associates Inc.’s holdings in PepsiCo were worth $3,723,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter valued at approximately $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at approximately $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the second quarter valued at approximately $29,000. Investment Research & Advisory Group Inc. boosted its stake in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares during the period. Finally, MorganRosel Wealth Management LLC bought a new position in shares of PepsiCo during the 1st quarter worth approximately $55,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Morgan Stanley lifted their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Barclays reiterated a “cautious” rating on shares of PepsiCo in a research note on Friday. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Wells Fargo & Company reduced their target price on PepsiCo from $154.00 to $150.00 and set an “equal weight” rating for the company in a research note on Thursday, September 25th. Four analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $157.87.

PepsiCo Stock Performance

NASDAQ:PEP opened at $141.98 on Monday. The stock has a market cap of $194.38 billion, a P/E ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46. The stock has a 50 day simple moving average of $144.36 and a 200 day simple moving average of $139.34. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts’ expectations of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 EPS. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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

PepsiCo Company 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.