Equitable Holdings Inc. Makes New Investment in PepsiCo, Inc. $PEP

Key Points

• Equitable Holdings purchased a new PepsiCo stake of 60,323 shares valued at approximately $8.17 million during the second quarter. Institutional investors collectively own 73.07% of PepsiCo.
• Analyst sentiment remains cautious, with 12 Hold, seven Buy, and one Sell rating; the consensus rating is Hold with an average price target of $157.90.
• PepsiCo exceeded quarterly earnings and revenue estimates, reporting $2.20 in EPS and $24.18 billion in revenue, while announcing a quarterly dividend of $1.48 per share, representing a 4.2% annualized yield.

Equitable Holdings Inc. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 60,323 shares of the company's stock, valued at approximately $8,168,000.

A number of other large investors have also modified their holdings of PEP. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Caxton Associates LLP acquired a new position in PepsiCo during the 1st quarter worth approximately $251,000. Sivia Capital Partners LLC grew its holdings in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock worth $862,000 after acquiring an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. increased its position in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after purchasing an additional 3,502 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company's stock valued at $70,789,000 after purchasing an additional 167,707 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. TD Cowen restated a "hold" rating on shares of PepsiCo in a research note on Friday. Wells Fargo & Company decreased their price target on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a report on Friday, July 10th. Citigroup cut PepsiCo from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Finally, Jefferies Financial Group dropped their price objective on PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $157.90.

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 value of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company's stock.

PepsiCo Trading Down 0.5%

Shares of PepsiCo stock opened at $140.34 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The company has a fifty day simple moving average of $139.85 and a 200-day simple moving average of $149.20. The stock has a market cap of $191.55 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.10 and a beta of 0.35. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month 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, topping the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period last year, the business earned $0.92 EPS. PepsiCo's revenue for the quarter was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

About PepsiCo

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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