Korea Investment CORP bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,381,945 shares of the company's stock, valued at approximately $187,115,000. Korea Investment CORP owned about 0.10% of PepsiCo at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the stock. Auto Owners Insurance Co boosted its stake in shares of PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock valued at $7,068,777,000 after purchasing an additional 48,923,629 shares in the last quarter. Norges Bank purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $3,018,813,000. Diamant Asset Management Inc. increased its holdings in shares of PepsiCo by 16,146.5% during the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company's stock valued at $556,936,000 after acquiring an additional 3,564,348 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in PepsiCo by 952.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company's stock worth $503,121,000 after purchasing an additional 3,362,794 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company's stock worth $830,902,000 after buying an additional 3,235,726 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a research report on Friday, July 10th. JPMorgan Chase & Co. cut their target price on PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. Royal Bank Of Canada decreased their price target on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a research note on Friday, July 10th. Morgan Stanley lowered their price target on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Finally, Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $157.90.
Get Our Latest Stock Report on PepsiCo
PepsiCo Stock Up 1.0%
PEP stock opened at $141.07 on Friday. The company has a market cap of $192.55 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 3.07 and a beta of 0.35. 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 business's 50-day moving average is $139.86 and its two-hundred day moving average is $149.51. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business'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. As a group, analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current year.
PepsiCo Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. 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 currently 77.59%.
More PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Jim Cramer highlighted PepsiCo as a defensive large-cap opportunity, citing its roughly 4% dividend yield and the potential benefit of lower oil prices. Cheaper fuel could support consumer spending and reduce transportation and operating costs. Jim Cramer Shares Why PepsiCo Caught His Eye During Consumer Headwinds
- Positive Sentiment: Investors remain attracted to PepsiCo’s 54-year record of consecutive dividend increases and comparatively reasonable valuation. Improving international results could help offset continuing weakness in North America, supporting the case for income-oriented investors. Most Investors Overlook This. I’m Buying PepsiCo for Its Dividend
- Positive Sentiment: PepsiCo is pursuing growth beyond its traditional snack portfolio by introducing and emphasizing global flavors, a strategy that could broaden consumer appeal and create new avenues for international growth. PepsiCo Bets on Global Flavors to Grow Beyond Snacks
- Neutral Sentiment: Commentary describing consumer staples as a lagging sector frames PepsiCo as a value opportunity rather than a near-term growth leader. The investment appeal depends on the stock’s discounted valuation, dividend support and execution on its recovery plans. The Consumer Staples Sector Is Lagging the S&P 500
- Negative Sentiment: Texas authorities are investigating PepsiCo and Kraft Heinz over claims involving avocado oil. The outcome and scope of the investigation are unclear, but regulatory scrutiny could create legal, reputational or product-related costs. PepsiCo, Kraft Heinz Under Investigation in Texas Over Avocado Oil Claims
- Negative Sentiment: Analysts note that PepsiCo’s dividend faces pressure from slower growth, persistent North American weakness and a more difficult recovery than the commodity-driven risks facing Chevron. This raises questions about future payout growth, despite the company’s long dividend history. Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?
Insiders Place Their Bets
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 approximately $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 accessible through this hyperlink. Insiders own 0.12% of the company's stock.
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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