Focus Partners Advisor Solutions LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 34.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,933 shares of the company's stock after selling 24,710 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in PepsiCo were worth $6,490,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. ABN AMRO Bank N.V. increased its stake in shares of PepsiCo by 4.8% in the 2nd quarter. ABN AMRO Bank N.V. now owns 20,237 shares of the company's stock valued at $2,749,000 after purchasing an additional 928 shares during the last quarter. Kelleher Financial Advisors boosted its stake in PepsiCo by 9.3% in the second quarter. Kelleher Financial Advisors now owns 5,934 shares of the company's stock valued at $804,000 after buying an additional 505 shares in the last quarter. GSA Capital Partners LLP grew its position in PepsiCo by 3.1% in the second quarter. GSA Capital Partners LLP now owns 4,970 shares of the company's stock valued at $673,000 after acquiring an additional 148 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in PepsiCo during the second quarter worth about $560,000. Finally, Avalon Trust Co lifted its holdings in shares of PepsiCo by 9.5% in the second quarter. Avalon Trust Co now owns 2,593 shares of the company's stock worth $351,000 after acquiring an additional 225 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.
Insider Buying and Selling
In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo 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 transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company's stock.
PepsiCo Price Performance
NASDAQ:PEP opened at $143.48 on Monday. PepsiCo, Inc. has a one year low of $133.73 and a one year 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 cap of $195.83 billion, a PE ratio of 18.80, a P/E/G ratio of 3.15 and a beta of 0.35. The firm's 50 day simple moving average is $140.02 and its 200 day simple moving average is $150.26.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's dividend payout ratio (DPR) is currently 77.59%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on PEP shares. Piper Sandler set a $176.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a research note on Friday, July 10th. Evercore set a $150.00 target price on shares of PepsiCo in a research report on Thursday, July 9th. Sanford C. Bernstein set a $134.00 target price on shares of PepsiCo in a research note on Friday, July 10th. Finally, Morgan Stanley lowered their price target on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $157.90.
View Our Latest Stock Analysis on PepsiCo
PepsiCo Company 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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