Callan Family Office LLC Invests $3.61 Million in PepsiCo, Inc. $PEP

Key Points

• Callan Family Office purchased 26,688 PepsiCo shares worth approximately $3.61 million, while institutional investors collectively own 73.07% of the company.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $157.90 average price target after several firms lowered their targets.
• PepsiCo exceeded quarterly earnings and revenue estimates, reporting $2.20 EPS and $24.18 billion in revenue. The company also declared a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Callan Family Office LLC purchased 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 purchased 26,688 shares of the company's stock, valued at approximately $3,614,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Cypress Capital Management LLC WY increased its stake in PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock valued at $121,000 after purchasing an additional 64 shares in the last quarter. United Bank raised its stake in shares of PepsiCo by 3.9% in the fourth quarter. United Bank now owns 1,717 shares of the company's stock worth $246,000 after purchasing an additional 65 shares during the last quarter. Onyx Bridge Wealth Group LLC boosted its position in shares of PepsiCo by 2.5% during the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company's stock valued at $415,000 after buying an additional 66 shares during the last quarter. Wilkerson Advisory Group LLC grew its holdings in PepsiCo by 3.3% during the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock worth $317,000 after buying an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. grew its stake in shares of PepsiCo by 3.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock worth $301,000 after acquiring an additional 67 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PEP shares. Citigroup downgraded PepsiCo from a "buy" rating to a "neutral" rating and cut their target price for the stock from $170.00 to $145.00 in a research note on Friday, July 10th. Morgan Stanley reduced their price objective on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. Rothschild & Co Redburn lifted their target price on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Barclays increased their target price on shares of PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. dropped their price objective on PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $157.90.

Insiders Place Their Bets

In other news, EVP David Flavell sold 2,900 shares of the company's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.

PepsiCo Stock Down 1.7%

PEP opened at $139.72 on Friday. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The company has a market cap of $190.70 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The company has a 50 day moving average of $139.87 and a 200 day moving average of $149.57.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm 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 business posted $0.92 earnings per share. The business's quarterly revenue 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued 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 yield of 4.2%. PepsiCo's dividend payout ratio is 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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