Dai ichi Life Insurance Company Ltd Lowers Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Dai ichi Life Insurance cut its PepsiCo stake by 6.1% in the first quarter, selling 8,316 shares and ending with 128,051 shares valued at about $19.9 million.
• PepsiCo reported better-than-expected quarterly results, with EPS of $2.20 and revenue of $24.18 billion, both slightly above analyst estimates. Revenue rose 6.4% year over year, and the company reaffirmed FY2026 EPS guidance of 8.55 to 8.71.
• The company announced a quarterly dividend of $1.48 per share, payable Sept. 30, implying a 4.3% annualized yield. However, several analysts have recently trimmed price targets, and the stock currently carries a consensus rating of Hold with an average target price of $157.90.

Dai ichi Life Insurance Company Ltd lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,051 shares of the company's stock after selling 8,316 shares during the period. Dai ichi Life Insurance Company Ltd's holdings in PepsiCo were worth $19,885,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Cypress Capital Management LLC WY raised its position in PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock worth $121,000 after buying an additional 64 shares during the last quarter. United Bank increased its stake in shares of PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company's stock worth $246,000 after acquiring an additional 65 shares during the period. Onyx Bridge Wealth Group LLC increased its stake in shares of PepsiCo by 2.5% during the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company's stock worth $415,000 after acquiring an additional 66 shares during the period. Wilkerson Advisory Group LLC raised its holdings in PepsiCo by 3.3% during the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock worth $317,000 after purchasing an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. lifted its position in PepsiCo by 3.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock valued at $301,000 after purchasing an additional 67 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $136.64 on Friday. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48. The stock has a market cap of $186.50 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.96 and a beta of 0.36. The stock's 50 day simple moving average is $142.11 and its 200 day simple moving average is $150.93. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.57 EPS 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 $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. PepsiCo's payout ratio is currently 77.59%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PEP. Morgan Stanley dropped their target price on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. UBS Group set a $159.00 price target on PepsiCo in a research note on Thursday, July 9th. Bank of America dropped their price objective on PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a report on Thursday, June 25th. Royal Bank Of Canada reduced their target price on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a report on Friday, July 10th. Finally, 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. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $157.90.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors bought an unusually large number of PepsiCo call options, with call volume running about 70% above average, signaling bullish trading activity and expectations for upside.
• Positive Sentiment: News that Quaker Oats plans a major expansion at PepsiCo’s North Texas facility could be viewed as a long-term growth and capacity positive. PepsiCo's Quaker Oats plans major expansion at its North Texas facility
• Neutral Sentiment: PepsiCo is still trading near the lower end of its 52-week range, which reflects recent weakness, but also leaves room for a rebound if sentiment improves.
• Negative Sentiment: Zacks Research trimmed multiple PepsiCo earnings estimates, including FY2026, FY2027, FY2028 and several quarterly forecasts, which may pressure the stock by reinforcing concerns about earnings momentum.
• Negative Sentiment: Reports that PepsiCo will cease warehouse operations at an Oklahoma production site may raise concerns about restructuring or operational disruption. PepsiCo to cease warehouse operations at Oklahoma production site
• Negative Sentiment: One Seeking Alpha article argued PepsiCo should be downgraded to “Sell,” reflecting continued skepticism about the stock’s near-term return potential. PepsiCo: 'Upgrading' From Strong Sell To Sell, But I Still Expect Frozen Returns

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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