International Assets Investment Management LLC Has $1.91 Million Holdings in PepsiCo, Inc. $PEP

International Assets Investment Management LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 33.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,472 shares of the company’s stock after selling 7,375 shares during the period. International Assets Investment Management LLC’s holdings in PepsiCo were worth $1,911,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings 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 worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp grew its position in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in PepsiCo by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after purchasing an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after purchasing an additional 491,894 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Up 0.7%

NASDAQ PEP opened at $153.71 on Monday. The stock has a market capitalization of $210.17 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.74 and a beta of 0.46. The business has a 50 day simple moving average of $145.51 and a 200 day simple moving average of $139.25. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $177.50.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio is currently 108.17%.

Analyst Ratings Changes

Several research firms have recently issued reports on PEP. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup decreased their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Jefferies Financial Group lifted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. Finally, Piper Sandler lifted their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and an average target price of $156.00.

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.