Corient Private Wealth LP Sells 239,293 Shares of PepsiCo, Inc. $PEP

Corient Private Wealth LP decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,153,585 shares of the company's stock after selling 239,293 shares during the period. Corient Private Wealth LP owned about 0.16% of PepsiCo worth $291,617,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Principia Wealth Advisory LLC grew its stake in PepsiCo by 743.7% in the second quarter. Principia Wealth Advisory LLC now owns 869 shares of the company's stock worth $118,000 after purchasing an additional 766 shares during the period. HighTower Advisors LLC lifted its position in PepsiCo by 1.6% during the second quarter. HighTower Advisors LLC now owns 3,756,348 shares of the company's stock valued at $508,610,000 after buying an additional 60,075 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of PepsiCo during the 2nd quarter valued at $73,362,000. First Eagle Investment Management LLC boosted its holdings in shares of PepsiCo by 3.8% during the 2nd quarter. First Eagle Investment Management LLC now owns 48,231 shares of the company's stock valued at $6,530,000 after buying an additional 1,774 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of PepsiCo by 13,502.8% in the 2nd quarter. California State Teachers Retirement System now owns 285,677,210 shares of the company's stock worth $38,680,694,000 after buying an additional 283,577,075 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP opened at $136.65 on Friday. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The company has a market capitalization of $186.51 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 2.88 and a beta of 0.35. The firm has a 50 day moving average of $139.50 and a 200 day moving average of $147.68. 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 released its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $23.95 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

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%.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Expansion in India: PepsiCo India opened a potato-chip manufacturing facility in Assam backed by approximately ₹778 crore ($90 million) of investment. The plant is expected to support local sourcing, expand production capacity and strengthen PepsiCo’s position in one of its key growth markets. PepsiCo India opens first food factory in Assam
• Positive Sentiment: India growth ambitions: Management reportedly views India as an increasingly important market and is targeting a place among PepsiCo’s 10 largest global markets. This could offer a longer-term growth avenue as the company expands local manufacturing and distribution. PepsiCo bullish on India
• Positive Sentiment: Efficiency and marketing focus: PepsiCo’s growth plan emphasizes automation, cost reduction and increased advertising. Successful execution could help offset input-cost pressures and improve margins, while recent beverage partnerships, product launches and sports marketing may support demand. PepsiCo’s plan to accelerate growth
• Neutral Sentiment: Income appeal: Commentary highlighting PepsiCo’s dividend yield and long record of annual increases may attract value and income investors, although it is opinion-based rather than a new company announcement. PepsiCo’s latest reported quarter showed revenue growth and slightly better-than-expected earnings.
• Neutral Sentiment: Limited near-term catalysts: New seasonal flavors, restaurant distribution partnerships and a Flamin’ Hot food collaboration add brand visibility but are unlikely to materially change near-term financial results. The reported short-interest data showed zero shares and appears unreliable.

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.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Royal Bank Of Canada lowered their price target on shares of PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a research report on Friday, July 10th. Jefferies Financial Group lowered their target price on shares of PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a report on Friday, July 10th. Wells Fargo & Company reduced their price objective on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a research note on Friday, July 10th. Finally, Barclays increased their target price on PepsiCo from $138.00 to $142.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo Profile

PepsiCo, Inc NASDAQ: PEP is a global food and beverage company headquartered in Purchase, New York. Its portfolio includes carbonated soft drinks, sports drinks, bottled water, juices, ready-to-drink beverages, snack foods and convenient foods. Major brands include Pepsi, Mountain Dew, Gatorade, Lay's, Doritos, Cheetos, Quaker and SodaStream.

The company sells products through a broad range of channels, including grocery stores, convenience stores, restaurants, food-service providers, vending operations and e-commerce platforms.

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