Bank of Nova Scotia purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,489,246 shares of the company's stock, valued at approximately $201,648,000. Bank of Nova Scotia owned 0.11% of PepsiCo at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the stock. Auto Owners Insurance Co lifted its holdings in shares of PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock valued at $7,068,777,000 after purchasing an additional 48,923,629 shares in the last quarter. Norges Bank purchased a new position in PepsiCo in the 4th quarter worth about $3,018,813,000. Diamant Asset Management Inc. lifted its stake in PepsiCo by 16,146.5% during the 1st quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company's stock valued at $556,936,000 after acquiring an additional 3,564,348 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of PepsiCo by 952.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company's stock valued at $503,121,000 after acquiring an additional 3,362,794 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company's stock worth $830,902,000 after acquiring an additional 3,235,726 shares during the period. 73.07% of the stock is owned by institutional investors.
PepsiCo Stock Up 1.0%
Shares of PEP opened at $141.07 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a market cap of $192.55 billion, a PE ratio of 18.49, a P/E/G ratio of 3.07 and a beta of 0.35. The business has a fifty day moving average of $139.86 and a 200 day moving average of $149.51.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share 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 business had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business's revenue for the quarter 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, sell-side analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current year.
PepsiCo Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.48 dividend. 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 presently 77.59%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $178.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, July 1st. Jefferies Financial Group cut their price target on PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a research note on Friday, July 10th. Piper Sandler set a $176.00 price objective on shares of PepsiCo in a research note on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a report on Friday, July 10th. Finally, BNP Paribas Exane dropped their price target on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target of $157.90.
Read Our Latest Stock Report on PepsiCo
Key PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Jim Cramer highlighted PepsiCo as a defensive large-cap opportunity, citing its roughly 4% dividend yield and the potential benefit of lower oil prices. Cheaper fuel could support consumer spending and reduce transportation and operating costs. Jim Cramer Shares Why PepsiCo Caught His Eye During Consumer Headwinds
- Positive Sentiment: Investors remain attracted to PepsiCo’s 54-year record of consecutive dividend increases and comparatively reasonable valuation. Improving international results could help offset continuing weakness in North America, supporting the case for income-oriented investors. Most Investors Overlook This. I’m Buying PepsiCo for Its Dividend
- Positive Sentiment: PepsiCo is pursuing growth beyond its traditional snack portfolio by introducing and emphasizing global flavors, a strategy that could broaden consumer appeal and create new avenues for international growth. PepsiCo Bets on Global Flavors to Grow Beyond Snacks
- Neutral Sentiment: Commentary describing consumer staples as a lagging sector frames PepsiCo as a value opportunity rather than a near-term growth leader. The investment appeal depends on the stock’s discounted valuation, dividend support and execution on its recovery plans. The Consumer Staples Sector Is Lagging the S&P 500
- Negative Sentiment: Texas authorities are investigating PepsiCo and Kraft Heinz over claims involving avocado oil. The outcome and scope of the investigation are unclear, but regulatory scrutiny could create legal, reputational or product-related costs. PepsiCo, Kraft Heinz Under Investigation in Texas Over Avocado Oil Claims
- Negative Sentiment: Analysts note that PepsiCo’s dividend faces pressure from slower growth, persistent North American weakness and a more difficult recovery than the commodity-driven risks facing Chevron. This raises questions about future payout growth, despite the company’s long dividend history. Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?
Insider Buying and Selling
In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares in the company, valued at $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 available through the SEC website. 0.12% of the stock is owned by insiders.
PepsiCo Company Profile
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Free Report)
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.
See Also
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.
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