Empowered Funds LLC Takes $31.85 Million Position in PepsiCo, Inc. $PEP

Key Points

• Empowered Funds LLC purchased 235,220 PepsiCo shares in the second quarter, building a position worth approximately $31.85 million. Institutional investors collectively own 73.07% of PEP.
• PepsiCo exceeded quarterly expectations, reporting $2.20 in earnings per share and $24.18 billion in revenue, up 6.4% year over year. The company expects fiscal 2026 EPS of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48, equivalent to $5.92 annually and a 4.2% yield. Despite the income appeal, analysts maintain a consensus “Hold” rating with a $157.90 price target, compared with the stock’s reported $139.79 price.

Empowered Funds LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 235,220 shares of the company's stock, valued at approximately $31,849,000.

Other large investors have also bought and sold shares of the company. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in PepsiCo during the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo during the 4th quarter valued at $28,000. Atlatl Advisers LLC bought a new stake in PepsiCo in the 2nd quarter worth $31,000. Finally, Osterweis Capital Management Inc. bought a new stake in PepsiCo in the 2nd quarter worth $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.12% of the company's stock.

PepsiCo Trading Down 0.4%

NASDAQ PEP opened at $139.79 on Wednesday. The firm has a market capitalization of $190.80 billion, a PE ratio of 18.32, a P/E/G ratio of 3.08 and a beta of 0.35. The stock's 50 day moving average is $139.80 and its 200 day moving average is $149.00. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. 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 announced its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share 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 business had revenue of $24.18 billion for the quarter, compared to analysts' expectations of $23.95 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The business's revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo's dividend payout ratio is 77.59%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on PEP. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research note on Friday, July 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research report on Monday, July 6th. Sanford C. Bernstein set a $134.00 target price on PepsiCo in a research note on Friday, July 10th. TD Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Friday. Finally, Morgan Stanley cut their price target on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock 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 given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $157.90.

Trending Headlines about PepsiCo

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

PepsiCo 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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