Fairtree Asset Management Pty Ltd Takes $1.41 Million Position in PepsiCo, Inc. $PEP

Key Points

• Fairtree Asset Management initiated a PepsiCo position worth approximately $1.41 million, purchasing 10,412 shares in the second quarter. Institutional investors collectively own 73.07% of PepsiCo’s outstanding stock.
• Analysts maintain a consensus “Hold” rating on PepsiCo, with an average price target of $157.90. Several firms recently lowered their targets, including Bank of America, TD Cowen and Citigroup.
• PepsiCo exceeded quarterly expectations with $2.20 in earnings per share and $24.18 billion in revenue, while maintaining a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Fairtree Asset Management Pty Ltd acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,412 shares of the company's stock, valued at approximately $1,410,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Caxton Associates LLP acquired a new stake in PepsiCo during the 1st quarter worth approximately $251,000. Sivia Capital Partners LLC raised its holdings in PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock valued at $862,000 after buying an additional 3,790 shares during the period. Schnieders Capital Management LLC. lifted its position in PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after buying an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. grew its stake in PepsiCo by 45.5% during the second quarter. Sei Investments Co. now owns 536,133 shares of the company's stock worth $70,789,000 after buying an additional 167,707 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. Bank of America cut their target price on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a research note on Thursday, June 25th. TD Cowen lowered their price target on PepsiCo from $150.00 to $145.00 and set a "hold" rating for the company in a report on Friday, July 10th. Piper Sandler set a $176.00 price objective on PepsiCo in a research report on Thursday, July 9th. Citigroup cut PepsiCo from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $145.00 in a research note on Friday, July 10th. Finally, Rothschild & Co Redburn increased their target price on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo Stock Performance

PepsiCo stock opened at $139.72 on Friday. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The company has a market capitalization of $190.70 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35. The firm's fifty day moving average price is $139.87 and its 200 day moving average price is $149.57.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating 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 company had revenue of $24.18 billion during the quarter, compared to analysts' expectations of $23.95 billion. During the same period in the prior year, the company posted $0.92 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts forecast 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. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo's payout ratio is currently 77.59%.

Insider Activity

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the company's stock in a transaction that occurred 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 $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

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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