Brooks Moore & Associates Inc. Purchases New Shares in PepsiCo, Inc. $PEP

Key Points

• Brooks Moore & Associates initiated a PepsiCo position by purchasing 28,411 shares worth approximately $3.85 million, making PEP 1.7% of its portfolio. Institutional investors and hedge funds collectively own 73.07% of PepsiCo.
• Wall Street’s consensus rating remains “Hold”, with 12 holds, seven buys and one sell recommendation. Analysts’ average price target is $157.90, compared with shares trading near $140.34.
• PepsiCo exceeded quarterly earnings and revenue estimates, while revenue rose 6.4% year over year. The company also declared a quarterly dividend of $1.48, equivalent to an annualized $5.92 payout and a 4.2% yield.

Brooks Moore & Associates Inc. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 28,411 shares of the company's stock, valued at approximately $3,847,000. PepsiCo makes up 1.7% of Brooks Moore & Associates Inc.'s investment portfolio, making the stock its 19th largest position.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. TD Cowen restated a "hold" rating on shares of PepsiCo in a research note on Friday. Jefferies Financial Group decreased their price target on shares of PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a research note on Friday, July 10th. UBS Group set a $159.00 target price on PepsiCo in a report on Thursday, July 9th. Royal Bank Of Canada dropped their price objective on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a report on Friday, July 10th. Finally, Barclays increased their price target on shares of PepsiCo from $138.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $157.90.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $140.34 on Tuesday. The company has a market capitalization of $191.55 billion, a PE ratio of 18.39, a P/E/G ratio of 3.10 and a beta of 0.35. 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 fifty day simple moving average of $139.85 and a 200 day simple moving average of $149.20. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a $1.48 dividend. 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 payout ratio is presently 77.59%.

Insider Buying and Selling at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction 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 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 trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

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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