Dearborn Partners LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 51,903 shares of the company's stock, valued at approximately $8,060,000.
Several other hedge funds have also added to or reduced their stakes in the company. Swiss Life Asset Management Ltd raised its stake in PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company's stock worth $59,600,000 after purchasing an additional 42,335 shares in the last quarter. National Pension Service grew its position in shares of PepsiCo by 2.5% during the 4th quarter. National Pension Service now owns 3,143,939 shares of the company's stock worth $451,218,000 after purchasing an additional 77,051 shares in the last quarter. Allstate Corp increased its holdings in shares of PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company's stock worth $15,030,000 after purchasing an additional 54,405 shares during the period. First Nebraska Trust Co bought a new position in shares of PepsiCo during the first quarter worth approximately $10,782,000. Finally, Knights of Columbus Asset Advisors LLC raised its position in shares of PepsiCo by 90.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company's stock valued at $13,584,000 after buying an additional 44,824 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Stock Up 1.0%
Shares of NASDAQ:PEP opened at $141.07 on Friday. The company has a fifty day moving average of $139.86 and a 200-day moving average of $149.51. The company has a market capitalization of $192.55 billion, a PE ratio of 18.49, a price-to-earnings-growth 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, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.01. The company 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.
PepsiCo Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis 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%.
Insider Buying and Selling at PepsiCo
In other news, EVP David Flavell sold 2,900 shares of the business's stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.12% of the company's stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on PEP. Citigroup cut shares of PepsiCo from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Royal Bank Of Canada dropped their target price 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. Piper Sandler set a $176.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a research report on Friday, July 10th. Finally, Morgan Stanley lowered their price objective on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $157.90.
Get Our Latest Stock Report on PEP
Key Stories Impacting PepsiCo
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?
About PepsiCo
(
Free Report)
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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