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

Cullinan Associates Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,193 shares of the company’s stock after acquiring an additional 700 shares during the period. Cullinan Associates Inc.’s holdings in PepsiCo were worth $3,723,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on PEP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a report on Monday, September 15th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of PepsiCo in a report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $157.87.

PepsiCo Trading Down 0.2%

NASDAQ:PEP opened at $141.98 on Monday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $177.50. The business’s 50-day moving average price is $144.36 and its two-hundred day moving average price is $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. The firm has a market capitalization of $194.38 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.58 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its earnings results 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%.The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the firm posted $2.28 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.038-8.038 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, September 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, September 5th. PepsiCo’s dividend payout ratio (DPR) is currently 103.64%.

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.