11,350 Shares in PepsiCo, Inc. $PEP Acquired by Perennial Investment Advisors LLC

Key Points

• Perennial Investment Advisors acquired 11,350 PepsiCo shares worth approximately $1.54 million. Institutional investors and hedge funds collectively own 73.07% of PEP.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and average price target of $157.90; PepsiCo shares recently opened at $140.34.
• PepsiCo reported quarterly EPS of $2.20 and revenue of $24.18 billion, surpassing estimates, while declaring a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Perennial Investment Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,350 shares of the company's stock, valued at approximately $1,537,000.

A number of other large investors also recently modified their holdings of the business. Cypress Capital Management LLC WY lifted its holdings in PepsiCo by 8.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock worth $121,000 after purchasing an additional 64 shares during the period. United Bank raised its position in shares of PepsiCo by 3.9% during the 4th quarter. United Bank now owns 1,717 shares of the company's stock worth $246,000 after buying an additional 65 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its stake in shares of PepsiCo by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company's stock worth $415,000 after acquiring an additional 66 shares during the period. Wilkerson Advisory Group LLC boosted its holdings in shares of PepsiCo by 3.3% in the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock valued at $317,000 after acquiring an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. increased its stake in shares of PepsiCo by 3.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock valued at $301,000 after acquiring an additional 67 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on PEP shares. JPMorgan Chase & Co. cut their target price on PepsiCo from $178.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, July 1st. Wells Fargo & Company dropped their price objective on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. Barclays upped their price objective on PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Rothschild & Co Redburn lifted their target price on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, Bank of America dropped their price target on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a research report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average target price of $157.90.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the transaction, the executive vice president owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

PepsiCo Stock Performance

PEP opened at $140.34 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The firm has a market cap of $191.55 billion, a PE ratio of 18.39, a P/E/G ratio of 3.10 and a beta of 0.35. The business has a fifty day simple moving average of $139.85 and a 200-day simple moving average of $149.20. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.PepsiCo's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo's payout ratio is currently 77.59%.

PepsiCo Company Profile

PepsiCo, Inc NASDAQ: PEP is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay's, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.