Ieq Capital LLC Invests $33.34 Million in PepsiCo, Inc. $PEP

Key Points

• Ieq Capital LLC purchased 246,261 PepsiCo shares in the second quarter, valued at approximately $33.34 million. Institutional investors collectively own 73.07% of the company.
• PepsiCo reported quarterly adjusted earnings of $2.20 per share and revenue of $24.18 billion, exceeding analyst estimates, while revenue increased 6.4% year over year.
• The company declared a quarterly dividend of $1.48 per share, or $5.92 annualized, representing a 4.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $157.90.

Ieq Capital LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 246,261 shares of the company's stock, valued at approximately $33,344,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Evergreen Advisors LLC bought a new stake in shares of PepsiCo during the first quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Imprint Wealth LLC bought a new stake in PepsiCo during the 3rd quarter worth approximately $31,000. Finally, Atlatl Advisers LLC acquired a new position in PepsiCo in the 2nd quarter valued at approximately $31,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group set a $159.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Rothschild & Co Redburn increased their price objective on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Sanford C. Bernstein set a $134.00 target price on PepsiCo in a report on Friday, July 10th. 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. Finally, TD Cowen lowered their price objective on PepsiCo from $150.00 to $145.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo Stock Performance

NASDAQ:PEP opened at $139.72 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The company has a fifty day moving average of $139.87 and a 200-day moving average of $149.57. The firm has a market capitalization of $190.70 billion, a P/E ratio of 18.31, a P/E/G ratio of 3.12 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results 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. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo's revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed 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. 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 dividend payout ratio is 77.59%.

Insider Activity at PepsiCo

In other 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 completion of the sale, the executive vice president directly owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by corporate insiders.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source