Handelsbanken Fonder AB Has $76.14 Million Position in PepsiCo, Inc. $PEP

Key Points

• Handelsbanken Fonder increased its PepsiCo stake by 5.7% in the second quarter, bringing its holdings to 562,298 shares valued at approximately $76.14 million. Institutional investors collectively own 73.07% of PEP.
• PepsiCo slightly beat quarterly earnings expectations, reporting $2.20 in EPS and $24.18 billion in revenue, with revenue up 6.4% year over year. The company also declared a quarterly dividend of $1.48 per share, representing a 4.3% annualized yield.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and a $157.90 target price after several firms lowered their estimates. Shares opened at $137.73, near the company’s 52-week low of $133.73.

Handelsbanken Fonder AB lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 562,298 shares of the company's stock after buying an additional 30,379 shares during the period. Handelsbanken Fonder AB's holdings in PepsiCo were worth $76,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Evergreen Advisors LLC bought 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 position in PepsiCo in the fourth quarter worth $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo during the fourth quarter worth $28,000. Networth Advisors LLC increased its holdings in PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company's stock valued at $32,000 after buying an additional 200 shares during the period. Finally, Vermillion Wealth Management Inc. raised its stake in shares of PepsiCo by 99.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company's stock valued at $34,000 after buying an additional 108 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PEP. Jefferies Financial Group decreased their target price on shares of PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. Rothschild & Co Redburn increased their price target on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Piper Sandler set a $176.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. Wells Fargo & Company decreased their price objective on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Finally, Citigroup cut PepsiCo from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $170.00 to $145.00 in a report on Friday, July 10th. 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 stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $157.90.

PepsiCo Price Performance

Shares of PEP stock opened at $137.73 on Tuesday. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48. 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 firm's 50 day moving average is $140.40 and its 200-day moving average is $150.76. The firm has a market capitalization of $187.99 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 3.05 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the business posted $0.92 earnings per share. 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. Sell-side analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

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 4.3%. PepsiCo's payout ratio is presently 77.59%.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the firm'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 transaction, the executive vice president owned 74,825 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s U.S. foods segment is showing renewed volume growth, helped by affordability-focused pricing, portfolio changes and efforts to respond to changing consumer preferences. A sustained recovery could support revenue growth and improve investor sentiment. PepsiCo's Foods Segment: Sustainable Recovery or Temporary Relief?
• Positive Sentiment: The company is adapting its portfolio to demand for products with less sugar and more protein and fiber, potentially improving PepsiCo’s long-term relevance as consumer preferences shift. Less sugar, more protein and fiber
• Positive Sentiment: PepsiCo’s 54-year record of dividend increases and current quarterly payout of $1.48 per share continue to support its appeal to income-oriented investors. PepsiCo dividend analysis
• Neutral Sentiment: PepsiCo is bringing an international food product to the U.S., offering a potential innovation and distribution opportunity, though the financial impact is not yet clear. PepsiCo Foods international favorite
• Neutral Sentiment: Speculation that beverage companies could acquire Celsius Holdings, in which PepsiCo has an equity investment, highlights possible strategic value but does not indicate that PepsiCo is pursuing or will benefit from a transaction. Energy drink buyout speculation
• Negative Sentiment: The key risk is that the foods rebound may be temporary. Investors remain concerned about weak underlying demand, intense competition and whether affordability measures can generate durable volume growth without pressuring margins. Heavy reliance on PepsiCo’s dividend also creates portfolio-concentration risk. PepsiCo foods recovery analysis

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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