18,945 Shares in PepsiCo, Inc. $PEP Bought by Keebeck Wealth Management

Key Points

• Keebeck Wealth Management initiated a PepsiCo position by purchasing 18,945 shares valued at approximately $2.565 million. Institutional investors and hedge funds collectively own 73.07% of the company.
• PepsiCo reported quarterly earnings of $2.20 per share and revenue of $24.18 billion, exceeding analyst estimates, while revenue increased 6.4% year over year. The company guided to fiscal 2026 earnings per share of $8.55 to $8.71.
• PepsiCo declared a quarterly dividend of $1.48 per share, equivalent to an annualized $5.92 and a 4.2% yield. Analysts maintain an overall “Hold” rating, with an average price target of $157.90 versus the shares’ reported price of $139.72.

Keebeck Wealth Management purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,945 shares of the company's stock, valued at approximately $2,565,000.

Several other large investors also recently added to or reduced their stakes in the company. Evergreen Advisors LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of PepsiCo during the 4th quarter valued at $26,000. Swiss RE Ltd. acquired a new stake in shares of PepsiCo in the fourth quarter worth about $28,000. Imprint Wealth LLC bought a new stake in PepsiCo during the third quarter worth approximately $31,000. Finally, Atlatl Advisers LLC bought a new stake in shares of PepsiCo during the 2nd quarter worth $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP opened at $139.72 on Friday. The stock's 50-day moving average price is $139.87 and its two-hundred day moving average price is $149.57. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48. The stock has a market cap of $190.70 billion, a P/E ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business's quarterly revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

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

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares of the company's stock, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PEP. Wells Fargo & Company decreased their target price on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. Sanford C. Bernstein set a $134.00 target price on shares of PepsiCo in a research report on Friday, July 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Monday, July 6th. Citigroup cut shares of PepsiCo from a "buy" rating to a "neutral" rating and cut their target price for the company from $170.00 to $145.00 in a research note on Friday, July 10th. Finally, Royal Bank Of Canada cut their price target on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $157.90.

PepsiCo 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.

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