Hayek Kallen Investment Management Invests $3.39 Million in PepsiCo, Inc. $PEP

Key Points

• Hayek Kallen Investment Management initiated a $3.39 million PepsiCo position, purchasing 25,038 shares in the second quarter; institutional investors collectively own 73.07% of the stock.
• PepsiCo exceeded quarterly expectations with $2.20 in EPS and $24.18 billion in revenue, up 6.4% year over year. The company maintained fiscal 2026 EPS guidance of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48, equivalent to $5.92 annually and a 4.2% yield. Analysts have a consensus “Hold” rating with an average price target of $157.90, while the stock recently traded near $140.34.

Hayek Kallen Investment Management acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,038 shares of the company's stock, valued at approximately $3,390,000. PepsiCo makes up 1.0% of Hayek Kallen Investment Management's investment portfolio, making the stock its 28th largest holding.

Several other large investors have also recently added to or reduced their stakes in PEP. Cypress Capital Management LLC WY boosted its position in PepsiCo by 8.3% in the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock valued at $121,000 after buying an additional 64 shares during the period. United Bank increased its position in shares of PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company's stock worth $246,000 after acquiring an additional 65 shares during the period. Onyx Bridge Wealth Group LLC raised its stake in shares of PepsiCo by 2.5% in the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company's stock valued at $415,000 after acquiring an additional 66 shares in the last quarter. Wilkerson Advisory Group LLC boosted its holdings in PepsiCo by 3.3% in the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock valued at $317,000 after purchasing an additional 66 shares during the period. Finally, Richards Merrill & Peterson Inc. boosted its holdings in PepsiCo by 3.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock valued at $301,000 after purchasing an additional 67 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the stock in a transaction that occurred on Monday, July 27th. The shares were 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 in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by corporate insiders.

PepsiCo Stock Down 0.5%

PepsiCo stock opened at $140.34 on Tuesday. The stock has a market cap of $191.55 billion, a PE ratio of 18.39, a P/E/G ratio of 3.10 and a beta of 0.35. 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 stock's fifty day moving average is $139.85 and its two-hundred day moving average is $149.20. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business 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 firm posted $0.92 EPS. The business's quarterly revenue 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, sell-side analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's dividend payout ratio is 77.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Evercore set a $150.00 price target on PepsiCo in a report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on PepsiCo in a research note on Friday, July 10th. BNP Paribas Exane cut their target price on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Finally, UBS Group set a $159.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. 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. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $157.90.

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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