Allworth Financial LP Makes New $8.61 Million Investment in PepsiCo, Inc. $PEP

Key Points

• Allworth Financial LP acquired a new $8.61 million PepsiCo stake, purchasing 63,565 shares during the second quarter. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo reported quarterly revenue of $24.18 billion and earnings of $2.20 per share, slightly exceeding analyst expectations, while revenue increased 6.4% year over year.
• The company declared a quarterly dividend of $1.48 per share, equivalent to an annualized $5.92 payout and a 4.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $157.90.

Allworth Financial LP bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 63,565 shares of the company's stock, valued at approximately $8,607,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Evergreen Advisors LLC acquired a new stake in shares of PepsiCo during the first quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo during the 4th quarter worth approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $28,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the third quarter worth $31,000. Finally, Atlatl Advisers LLC purchased a new position in shares of PepsiCo during the second quarter worth $31,000. 73.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

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 sale, the executive vice president owned 74,825 shares of the company's stock, valued at $10,441,080.50. This trade 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 through this hyperlink. 0.12% of the stock is currently owned by company insiders.

PepsiCo Stock Down 1.7%

PEP stock opened at $139.72 on Friday. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. 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 50-day simple moving average of $139.87 and a 200-day simple moving average of $149.57. The stock has a market capitalization of $190.70 billion, a P/E ratio of 18.31, a P/E/G ratio of 3.12 and a beta of 0.35.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. UBS Group set a $159.00 price objective on PepsiCo in a research note on Thursday, July 9th. Piper Sandler set a $176.00 target price on PepsiCo in a report on Thursday, July 9th. Rothschild & Co Redburn lifted their price target on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Jefferies Financial Group lowered their price objective on PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. Finally, Citigroup cut shares of PepsiCo from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $170.00 to $145.00 in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $157.90.

About PepsiCo

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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