Glenview Trust Co Buys Shares of 85,754 PepsiCo, Inc. $PEP

Key Points

• Glenview Trust Co. initiated a PepsiCo position by purchasing 85,754 shares valued at approximately $11.6 million. Institutional investors collectively own 73.07% of PEP’s outstanding shares.
• PepsiCo shares opened at $139.79, near the lower end of their 52-week range. Analysts maintain a consensus “Hold” rating with a $157.90 price target, reflecting mixed views after several firms lowered their targets.
• PepsiCo exceeded quarterly earnings and revenue estimates, reporting $2.20 in adjusted earnings per share and $24.18 billion in revenue. The company also declared a $1.48 quarterly dividend, representing a 4.2% annualized yield.

Glenview Trust Co purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,754 shares of the company's stock, valued at approximately $11,611,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. North Star Asset Management Inc. acquired a new position in PepsiCo in the 2nd quarter worth about $7,596,000. Maxele Advisors LLC bought a new stake in shares of PepsiCo during the second quarter worth about $240,000. Kahn Brothers Group Inc. acquired a new position in shares of PepsiCo in the second quarter valued at approximately $244,000. Empowered Funds LLC bought a new position in PepsiCo in the 2nd quarter valued at approximately $31,849,000. Finally, United Capital Financial Advisors LLC acquired a new stake in PepsiCo during the 2nd quarter worth approximately $35,739,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. UBS Group set a $159.00 price target on shares of PepsiCo in a research report on Thursday, July 9th. Morgan Stanley reduced their price objective on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their target price on PepsiCo from $178.00 to $170.00 and set an "overweight" rating for the company in a research report on Wednesday, July 1st. Finally, BNP Paribas Exane reduced their price target on PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus price target of $157.90.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the firm'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 transaction of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares of the company's stock, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction 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 Stock Down 0.4%

Shares of NASDAQ PEP opened at $139.79 on Wednesday. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The company's 50 day moving average price is $139.80 and its 200-day moving average price is $149.00. The company has a market capitalization of $190.80 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 3.08 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results 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. The business 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%. PepsiCo's quarterly revenue 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. Equities analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's payout ratio is currently 77.59%.

Key Stories Impacting 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 Company 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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