Connor Clark & Lunn Investment Management Ltd. Invests $12.44 Million in PepsiCo, Inc. $PEP

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 91,908 shares of the company's stock, valued at approximately $12,444,000.

Several other large investors have also recently added to or reduced their stakes in PEP. Capital Square LLC bought a new position in shares of PepsiCo during the second quarter worth about $254,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in PepsiCo in the 2nd quarter valued at about $14,143,000. Burk Holdings LLC acquired a new position in PepsiCo during the 2nd quarter valued at about $59,000. Elefante Mark B acquired a new stake in shares of PepsiCo in the second quarter valued at approximately $301,000. Finally, Haverford Financial Services Inc. bought a new stake in shares of PepsiCo during the second quarter valued at approximately $7,133,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.12% of the company's stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Jim Cramer highlighted PepsiCo as a defensive large-cap opportunity, citing its roughly 4% dividend yield and the potential benefit of lower oil prices. Cheaper fuel could support consumer spending and reduce transportation and operating costs. Jim Cramer Shares Why PepsiCo Caught His Eye During Consumer Headwinds
• Positive Sentiment: Investors remain attracted to PepsiCo’s 54-year record of consecutive dividend increases and comparatively reasonable valuation. Improving international results could help offset continuing weakness in North America, supporting the case for income-oriented investors. Most Investors Overlook This. I’m Buying PepsiCo for Its Dividend
• Positive Sentiment: PepsiCo is pursuing growth beyond its traditional snack portfolio by introducing and emphasizing global flavors, a strategy that could broaden consumer appeal and create new avenues for international growth. PepsiCo Bets on Global Flavors to Grow Beyond Snacks
• Neutral Sentiment: Commentary describing consumer staples as a lagging sector frames PepsiCo as a value opportunity rather than a near-term growth leader. The investment appeal depends on the stock’s discounted valuation, dividend support and execution on its recovery plans. The Consumer Staples Sector Is Lagging the S&P 500
• Negative Sentiment: Texas authorities are investigating PepsiCo and Kraft Heinz over claims involving avocado oil. The outcome and scope of the investigation are unclear, but regulatory scrutiny could create legal, reputational or product-related costs. PepsiCo, Kraft Heinz Under Investigation in Texas Over Avocado Oil Claims
• Negative Sentiment: Analysts note that PepsiCo’s dividend faces pressure from slower growth, persistent North American weakness and a more difficult recovery than the commodity-driven risks facing Chevron. This raises questions about future payout growth, despite the company’s long dividend history. Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?

Wall Street Analyst Weigh In

Several analysts have weighed in on PEP shares. BNP Paribas Exane cut their target price on PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada cut their price objective on shares of PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a research note on Friday, July 10th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a research report on Friday, July 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $178.00 to $170.00 and set an "overweight" rating for the company in a research note on Wednesday, July 1st. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $157.90.

PepsiCo Trading Up 1.0%

Shares of NASDAQ PEP opened at $141.07 on Friday. The business has a 50 day simple moving average of $139.86 and a 200 day simple moving average of $149.51. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. The stock has a market cap of $192.55 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 3.10 and a beta of 0.35. 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 data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm'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. On average, research analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders 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 dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's dividend payout ratio (DPR) is presently 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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