Citizens Business Bank Acquires Shares of 7,404 PepsiCo, Inc. $PEP

Key Points

• Citizens Business Bank acquired 7,404 PepsiCo shares worth approximately $1.003 million during the second quarter. Institutional investors collectively own 73.07% of PepsiCo.
• Analysts maintain a consensus “Hold” rating with an average price target of $157.90, although several firms recently lowered their targets. PepsiCo shares opened at $142.58, near the lower end of their 52-week range.
• PepsiCo exceeded quarterly earnings and revenue expectations, reporting $2.20 in EPS and $24.18 billion in revenue, while announcing a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Citizens Business Bank bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 7,404 shares of the company's stock, valued at approximately $1,003,000.

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

Insider Activity at PepsiCo

In other PepsiCo 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 value of $404,666.00. Following the sale, the executive vice president owned 74,825 shares in the company, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEP shares. BNP Paribas Exane decreased their price target on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada cut 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. Jefferies Financial Group decreased their target price 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. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a report on Friday, July 10th. Finally, Sanford C. Bernstein set a $134.00 price target on PepsiCo in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus target price of $157.90.

PepsiCo Trading Up 1.7%

Shares of NASDAQ PEP opened at $142.58 on Thursday. The firm has a 50 day moving average price of $140.07 and a two-hundred day moving average price of $150.43. The stock has a market cap of $194.61 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.35. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. 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 (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. PepsiCo's revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 annualized dividend and a yield of 4.2%. PepsiCo's payout ratio is presently 77.59%.

PepsiCo 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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