Gold prices bounce off 3-week lows; demand likely longer term
Krishnan Ramkumar, CEO of U.S. Beverages at PepsiCo Inc. (NASDAQ:PEP), reported significant stock transactions according to a recent SEC filing. On March 3, 2025, Ramkumar sold a total of 9,925 shares of PepsiCo common stock. The sales occurred at prices ranging from $150.9085 to $153.5104 per share, amounting to a total transaction value of approximately $1.5 million. The stock, currently trading at $154.19, appears slightly undervalued according to InvestingPro analysis, with the company maintaining impressive gross profit margins of 54.89%.
In addition to the sales, Ramkumar also reported acquisitions and other adjustments to his holdings. On March 1, 2025, he acquired 16,634 shares of PepsiCo common stock as part of performance-based restricted stock units, with no immediate financial outlay. Another 12,147 shares were added to his holdings following the vesting of previously awarded performance units, reflecting exceeded performance targets. The transactions occurred as PepsiCo, a $211.53B market cap company, maintains its position as a prominent player in the beverages industry.
The transactions also included a withholding of 10,961 shares to satisfy tax obligations, valued at $153.725 per share, totaling approximately $1.68 million. Following these transactions, Ramkumar’s direct ownership stands at 51,848 shares, with additional holdings in a grantor retained annuity trust and a family trust. For deeper insights into PepsiCo’s insider transactions and comprehensive financial analysis, InvestingPro subscribers can access detailed Pro Research Reports covering 1,400+ top US stocks.
In other recent news, PepsiCo has reported nearly $92 billion in net revenue for 2024, showcasing its strong financial performance. The company has announced a 7% increase in its quarterly dividend to $1.355 per share, with an annualized dividend boost expected to reach $5.69 per share starting June 2025. PepsiCo has also introduced a strategic shift, replacing its Diversity, Equity, and Inclusion (DEI) initiatives with an "Inclusion for Growth" strategy to align more closely with business objectives. Analyst updates include Piper Sandler maintaining an Overweight rating with a $167 price target, while Goldman Sachs reiterated a Buy rating with a $175 target, citing PepsiCo’s transformation and long-term growth prospects. Jefferies adjusted its price target to $171 from $182 but maintained a Buy rating, acknowledging challenges in the Frito-Lay division. PepsiCo’s integration of its North American beverage and snack divisions is expected to yield cost savings by 2025, and the company aims to significantly increase revenues for the Siete brand. These developments reflect PepsiCo’s ongoing efforts to enhance its market position and operational efficiency.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.