Dearborn Partners LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 53,017 shares of the company's stock, valued at approximately $7,179,000.
A number of other hedge funds also recently made changes to their positions in the stock. Auto Owners Insurance Co lifted its holdings in PepsiCo by 14,857.8% in the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock worth $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 4th quarter valued at approximately $3,018,813,000. Bank of America Corp DE bought a new stake in shares of PepsiCo during the second quarter valued at approximately $2,755,509,000. Legal & General Group Plc purchased a new position in shares of PepsiCo in the second quarter worth $1,200,274,000. Finally, Corient Private Wealth LP bought a new position in shares of PepsiCo during the second quarter worth $297,116,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Stock Performance
Shares of NASDAQ:PEP opened at $139.79 on Wednesday. The firm has a fifty day simple moving average of $139.80 and a two-hundred day simple moving average of $149.00. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $190.80 billion, a P/E ratio of 18.32, a PEG ratio of 3.08 and a beta of 0.35. 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 firm had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's payout ratio is presently 77.59%.
More PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo is participating with Mondelēz International and pladis in a circular food-packaging trial. The initiative could support sustainability goals and help develop more scalable packaging solutions, although the near-term financial impact is likely limited. Mondelēz International, PepsiCo and pladis collaborate to advance the future of food packaging
- Positive Sentiment: A partnership with Carlsberg reportedly helped grow the brewer’s soft-drinks segment by 9%, highlighting the potential for PepsiCo’s distribution and beverage partnerships to generate incremental volume. PepsiCo Partnership Grows Carlsberg Soft Drink Segment by 9%
- Positive Sentiment: Analysts and investors continue to view PEP’s discounted valuation and dividend yield as attractive relative to Coca-Cola, particularly for income-focused investors. Snack-market share gains and beverage resilience could support a gradual recovery. PepsiCo Is Struggling While Coca-Cola Hits All-Time Highs
- Neutral Sentiment: PepsiCo’s North American business faces softer consumer spending and pressure in key food categories. However, snack share gains and stronger beverages suggest management may be dealing with a temporary slowdown rather than a permanently weaker franchise. PepsiCo's North America Challenge: Temporary or Structural?
- Neutral Sentiment: Indian authorities reportedly seized PepsiCo-branded products connected to an alleged operation that falsified expiration dates and nutrition labels. PepsiCo and Coca-Cola were not accused of wrongdoing, limiting direct liability but creating some reputational and supply-chain attention. India busts firm faking expiry dates, nutrition labels on PepsiCo and Nestle food exports
- Negative Sentiment: PepsiCo confirmed damage to a production facility in Ukraine following a reported Russian strike. No injuries were reported, but possible disruption, repair costs and uncertainty about the site’s operating capacity add to geopolitical and execution risks. PepsiCo confirms damage to Ukraine plant
Insiders Place Their Bets
In other news, EVP David Flavell sold 2,900 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a report on Wednesday, July 1st. Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Royal Bank Of Canada reduced their target price on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a report on Friday, July 10th. Wells Fargo & Company dropped their price target on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. Finally, Citigroup cut PepsiCo from a "buy" rating to a "neutral" rating and cut their price target for the company from $170.00 to $145.00 in a 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $157.90.
Check Out Our Latest Report on PEP
PepsiCo Profile
(
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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