Argent Trust Co Has $13.43 Million Position in PepsiCo, Inc. $PEP

Key Points

• Argent Trust Co. increased its PepsiCo position by 8.3% in the second quarter, bringing its holdings to 99,155 shares valued at approximately $13.43 million. Institutional investors own 73.07% of PepsiCo’s stock.
• PepsiCo exceeded quarterly expectations with adjusted EPS of $2.20 and revenue of $24.18 billion, up 6.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $8.55–$8.71.
• PepsiCo announced a quarterly dividend of $1.48, equivalent to an annualized $5.92 and a 4.1% yield. Analysts maintain a consensus “Hold” rating, with an average price target of $157.90 versus the reported share price of $143.48.

Argent Trust Co boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,155 shares of the company's stock after acquiring an additional 7,574 shares during the period. Argent Trust Co's holdings in PepsiCo were worth $13,426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Brighton Jones LLC increased its stake in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Caxton Associates LLP bought a new stake in PepsiCo in the 1st quarter valued at $251,000. Sivia Capital Partners LLC grew its holdings in PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock valued at $862,000 after buying an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. increased its position in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock worth $5,039,000 after buying an additional 3,502 shares during the period. Finally, Sei Investments Co. increased its position in PepsiCo by 45.5% during the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company's stock worth $70,789,000 after buying an additional 167,707 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $143.48 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. The stock has a market capitalization of $195.83 billion, a P/E ratio of 18.80, a PEG ratio of 3.15 and a beta of 0.35. The stock's fifty day moving average is $140.02 and its 200 day moving average is $150.26.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.1%. PepsiCo's payout ratio is presently 77.59%.

Insider Buying and Selling at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company'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 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 approximately $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a research report on Friday, July 10th. 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. Wells Fargo & Company cut their price objective on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a report on Friday, July 10th. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a research report on Friday, July 10th. Finally, TD Cowen lowered their target price on shares of PepsiCo from $150.00 to $145.00 and set a "hold" rating on the stock in a report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source