Confluence Wealth Services Inc. Boosts Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Confluence Wealth Services increased its PepsiCo stake by 26.4% in the second quarter, bringing its holdings to 39,594 shares valued at approximately $5.36 million. Institutional investors collectively own 73.07% of the stock.
• PepsiCo reported quarterly revenue of $24.18 billion and earnings of $2.20 per share, slightly exceeding estimates, while revenue rose 6.4% year over year.
• The stock carries a consensus “Hold” rating with an average price target of $157.90. PepsiCo recently announced a $1.48 quarterly dividend, representing a 4.2% annualized yield.

Confluence Wealth Services Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 26.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,594 shares of the company's stock after buying an additional 8,272 shares during the quarter. Confluence Wealth Services Inc.'s holdings in PepsiCo were worth $5,361,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, EVP David Flavell sold 2,900 shares of the 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 transaction, the executive vice president owned 74,825 shares of the company's stock, valued at $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by corporate insiders.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s 4% dividend increase and 54 consecutive years of dividend growth reinforce its appeal to income-focused investors. With shares trading at a valuation below that of rival Coca-Cola, analysts and financial commentators see potential for the valuation gap to narrow. 54 Straight Years: Why PepsiCo Remains a Dividend Investor’s Anchor
• Positive Sentiment: PepsiCo’s decade-low valuation is attracting attention from investors seeking a potential recovery in a large, established consumer-staples company. The thesis provides support for the stock despite recent pressure on its share price. PepsiCo: A Behemoth Trading At A Decade-Low Valuation
• Positive Sentiment: PepsiCo reported progress toward its pep+ sustainability goals, including efforts involving agriculture, emissions, packaging and healthier product formulations. Its reported increase in recycled content for plastic packaging may strengthen brand reputation and help address environmental concerns, although the near-term earnings impact is likely limited. PepsiCo Reports on Latest ESG Performance Towards pep+ Goals PepsiCo reports 2025 increase in recycled content for plastic packaging
• Neutral Sentiment: Gatorade added three-time Ballon d’Or winner Aitana Bonmatí to its athlete roster ahead of the football season. The partnership could support brand visibility and sports-drink sales, but its financial effect is not quantified. Gatorade Welcomes Aitana Bonmatí to Team Gatorade
• Neutral Sentiment: Hudson Valley Farms plans to acquire a former PepsiCo property. The transaction may streamline PepsiCo’s real-estate holdings, but no purchase price or material earnings impact was provided. Hudson Valley Farms to acquire former PepsiCo property

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BNP Paribas Exane reduced their target price on PepsiCo from $195.00 to $183.00 and set an "outperform" rating for the company in a report on Wednesday, July 8th. 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 report on Tuesday, July 21st. Weiss Ratings restated a "hold (c)" rating on shares of PepsiCo in a research report on Monday, July 6th. Bank of America decreased their target price on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a report on Thursday, June 25th. Finally, Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $157.90.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.79 on Friday. The business's 50-day moving average price is $140.20 and its two-hundred day moving average price is $150.57. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The stock has a market cap of $192.16 billion, a P/E ratio of 18.45, a PEG ratio of 3.09 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion during 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%.PepsiCo's revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal 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 given a dividend of $1.48 per share. The ex-dividend date 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%.

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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