Securian Asset Management Inc. Lowers Holdings in PepsiCo, Inc. $PEP

Securian Asset Management Inc. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 71,593 shares of the company’s stock after selling 1,005 shares during the quarter. Securian Asset Management Inc.’s holdings in PepsiCo were worth $9,453,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEP. Nova Wealth Management Inc. bought a new stake in PepsiCo in the 1st quarter worth about $25,000. Elite Financial Inc. bought a new stake in PepsiCo in the 1st quarter worth about $28,000. Legend Financial Advisors Inc. bought a new stake in shares of PepsiCo during the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. Finally, Investment Research & Advisory Group Inc. grew 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 valued at $42,000 after purchasing an additional 232 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on PEP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Jefferies Financial Group lifted their price objective on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday, October 10th. HSBC lifted their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Six analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $156.00.

PepsiCo Stock Down 0.0%

Shares of PEP opened at $153.64 on Tuesday. The stock has a market capitalization of $210.08 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 3.74 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 business’s 50 day simple moving average is $145.69 and its 200-day simple moving average is $139.29. 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 (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The business 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company 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. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio is 108.17%.

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.