Cohen Capital Management Inc. Has $12.24 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Cohen Capital Management increased its PepsiCo stake by 12.4% in the second quarter, ending with 90,398 shares valued at $12.24 million. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo beat quarterly earnings and revenue expectations, reporting $2.20 in EPS and $24.18 billion in revenue, with revenue up 6.4% year over year. Analysts maintain a consensus “Hold” rating and a $157.90 target price.
• PepsiCo declared a quarterly dividend of $1.48 per share, equivalent to $5.92 annually and a 4.3% yield. The company’s shares recently traded near $138.44, close to their 52-week low.

Cohen Capital Management Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,398 shares of the company's stock after acquiring an additional 10,000 shares during the period. PepsiCo makes up approximately 1.7% of Cohen Capital Management Inc.'s portfolio, making the stock its 19th biggest position. Cohen Capital Management Inc.'s holdings in PepsiCo were worth $12,240,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Czech National Bank increased its position in PepsiCo by 4.5% in the 2nd quarter. Czech National Bank now owns 389,035 shares of the company's stock valued at $52,675,000 after buying an additional 16,834 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of PepsiCo by 8.5% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 337,497 shares of the company's stock worth $45,697,000 after acquiring an additional 26,532 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in PepsiCo by 952.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company's stock valued at $503,121,000 after buying an additional 3,362,794 shares during the last quarter. 55 North Private Wealth LLC increased its position in shares of PepsiCo by 4.2% during the second quarter. 55 North Private Wealth LLC now owns 1,918 shares of the company's stock valued at $260,000 after acquiring an additional 78 shares during the last quarter. Finally, Byrne Asset Management LLC increased its position in shares of PepsiCo by 13.8% during the 2nd quarter. Byrne Asset Management LLC now owns 1,113 shares of the company's stock valued at $151,000 after purchasing an additional 135 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of PepsiCo 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 completion of the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company's stock.

PepsiCo Stock Performance

Shares of PEP opened at $138.44 on Friday. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. 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 business's 50 day moving average price is $140.58 and its 200-day moving average price is $150.89. The stock has a market cap of $188.96 billion, a P/E ratio of 18.14, a P/E/G ratio of 3.05 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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. 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 analysts' expectations of $23.95 billion. During the same quarter in the previous year, the business posted $0.92 EPS. 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. Equities research analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given 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 dividend yield of 4.3%. PepsiCo's dividend payout ratio (DPR) is 77.59%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s targeted price-pack strategy is reportedly helping revive U.S. salty-snack volumes. Sustained volume improvement could support revenue and earnings growth through late 2026 and into 2027. Can PepsiCo’s Price-Pack Strategy Successfully Boost Volumes in 2026?
• Positive Sentiment: PepsiCo is launching Alvalle refrigerated gazpacho in the United States, expanding beyond traditional snacks and beverages into fresh, meal-adjacent foods. The move provides a potential source of category and distribution growth, though its near-term financial impact is likely limited. PepsiCo launches Alvalle gazpacho in the U.S.
• Positive Sentiment: Commentary highlights PEP’s dividend yield above 4% and relatively modest valuation as potential support for income-oriented investors, particularly following its recent earnings acceleration. This Dividend King Yields Over 4% and Trades Near Its 52-Week Lows

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on PepsiCo in a research note on Friday, July 10th. HSBC lifted their price objective on PepsiCo from $175.00 to $176.00 and gave the company a "hold" rating in a research note on Friday, April 17th. Morgan Stanley cut their target price on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Jefferies Financial Group lowered their price objective on PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Finally, Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Seven research 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. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus target price of $157.90.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source