Bank OZK Purchases New Stake in PepsiCo, Inc. $PEP

Key Points

• Bank OZK acquired 18,210 PepsiCo shares during the second quarter, valued at approximately $2.47 million. Institutional investors and hedge funds collectively own 73.07% of PepsiCo’s outstanding stock.
• Analysts maintain a consensus “Hold” rating on PepsiCo, with an average price target of $157.90; recent target reductions ranged from $150 to $170.
• PepsiCo reported quarterly EPS of $2.20 and revenue of $24.18 billion, both slightly exceeding estimates, and declared a quarterly dividend of $1.48, equivalent to a 4.2% annualized yield.

Bank OZK acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,210 shares of the company's stock, valued at approximately $2,466,000.

A number of other hedge funds have also recently made changes to their positions in the business. Swiss Life Asset Management Ltd raised its holdings in PepsiCo by 11.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company's stock valued at $59,600,000 after acquiring an additional 42,335 shares during the period. National Pension Service grew its position in shares of PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company's stock valued at $451,218,000 after purchasing an additional 77,051 shares in the last quarter. Allstate Corp raised its stake in shares of PepsiCo by 108.1% during the 4th quarter. Allstate Corp now owns 104,723 shares of the company's stock valued at $15,030,000 after purchasing an additional 54,405 shares during the period. First Nebraska Trust Co purchased a new stake in PepsiCo during the 1st quarter worth about $10,782,000. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in PepsiCo by 90.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company's stock worth $13,584,000 after purchasing an additional 44,824 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a report on Friday, July 10th. Evercore set a $150.00 price objective on PepsiCo in a research report on Thursday, July 9th. Morgan Stanley reduced their target price on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. JPMorgan Chase & Co. decreased their target price on PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group lowered their price target on PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $157.90.

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Down 0.5%

NASDAQ PEP opened at $140.34 on Tuesday. The business's 50-day moving average is $139.85 and its 200 day moving average is $149.20. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48. The stock has a market capitalization of $191.55 billion, a PE ratio of 18.39, a PEG ratio of 3.10 and a beta of 0.35. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo's revenue was up 6.4% on a year-over-year basis. During the same period in the prior 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 year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. 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.

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