Corient Private Wealth LP Purchases Shares of 3,747,783 PepsiCo, Inc. $PEP

Key Points

• Corient Private Wealth LP acquired 3.75 million PepsiCo shares worth approximately $297.1 million, giving it a 0.27% stake. Institutional investors collectively own 73.07% of the company.
• PepsiCo exceeded quarterly earnings and revenue expectations, reporting $2.20 in EPS and $24.18 billion in revenue, with revenue up 6.4% year over year. The company guided to fiscal 2026 EPS of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48 per share, equivalent to $5.92 annually and a 4.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $157.90, versus shares trading near $140.34.

Corient Private Wealth LP acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,747,783 shares of the company's stock, valued at approximately $297,116,000. Corient Private Wealth LP owned approximately 0.27% of PepsiCo at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Auto Owners Insurance Co grew its holdings in shares of PepsiCo by 14,857.8% in the fourth 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 in the last quarter. Norges Bank purchased a new stake in PepsiCo during the fourth quarter valued at $3,018,813,000. Bank of America Corp DE bought a new position in PepsiCo during the second quarter valued at $2,755,509,000. Legal & General Group Plc bought a new position in PepsiCo during the second quarter valued at $1,200,274,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of PepsiCo in the 2nd quarter worth $487,558,000. 73.07% of the stock is currently owned by institutional investors.

Insider Activity at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company's 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 transaction, the executive vice president 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.12% of the company's stock.

PepsiCo Trading Down 0.5%

Shares of PEP opened at $140.34 on Tuesday. The company's fifty day simple moving average is $139.85 and its 200-day simple moving average is $149.20. The company has a market cap of $191.55 billion, a P/E ratio of 18.39, a P/E/G ratio of 3.10 and a beta of 0.35. 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 twelve month low of $133.73 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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 firm had revenue of $24.18 billion during the quarter, compared to analysts' expectations of $23.95 billion. During the same period in the previous year, the company earned $0.92 EPS. The firm's revenue for the quarter 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, analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. Sanford C. Bernstein set a $134.00 price target on PepsiCo in a research report on Friday, July 10th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. UBS Group set a $159.00 price objective on PepsiCo in a research report on Thursday, July 9th. Finally, Barclays raised their price objective on PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Seven investment 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 data from MarketBeat.com, the company 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.

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