Coastal Bridge Advisors LLC Makes New Investment in PepsiCo, Inc. $PEP

Key Points

• Coastal Bridge Advisors acquired 38,019 PepsiCo shares worth approximately $5.15 million in the second quarter. Institutional investors collectively own 73.07% of PepsiCo.
• Analyst sentiment is broadly neutral: PepsiCo has an average “Hold” rating and a consensus price target of $157.90, while several firms recently lowered their targets.
• PepsiCo exceeded quarterly earnings and revenue estimates, with revenue up 6.4% year over year. The company declared a quarterly dividend of $1.48 per share, representing a 4.2% annualized yield.

Coastal Bridge Advisors LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,019 shares of the company's stock, valued at approximately $5,148,000.

Other institutional investors have also modified their holdings of the company. Auto Owners Insurance Co grew its position in shares of PepsiCo by 14,857.8% in the 4th 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 during the period. Norges Bank acquired a new stake in PepsiCo during the 4th quarter worth approximately $3,018,813,000. Bank of America Corp DE bought a new position in PepsiCo in the second quarter valued at approximately $2,755,509,000. Legal & General Group Plc acquired a new position in shares of PepsiCo in the second quarter valued at approximately $1,200,274,000. Finally, Corient Private Wealth LP bought a new stake in shares of PepsiCo during the second quarter worth $297,116,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the topic of several research reports. Jefferies Financial Group cut their price objective on shares of PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. Evercore set a $150.00 price target on PepsiCo in a research note on Thursday, July 9th. Morgan Stanley cut their price target on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Citigroup cut PepsiCo from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 target price on PepsiCo in a research report on Friday, July 10th. Seven research 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo Stock Down 0.5%

PepsiCo stock opened at $140.34 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48. The company has a fifty day simple moving average of $139.85 and a 200 day simple moving average of $149.20. The company has a market cap of $191.55 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35.

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 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 firm had revenue of $24.18 billion for the quarter, compared to analysts' expectations of $23.95 billion. During the same period in the previous year, the firm posted $0.92 EPS. The company'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. Research analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced 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. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo's dividend payout ratio is presently 77.59%.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

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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