Mitsubishi UFJ Trust & Banking Corp Acquires 76,836 Shares of PepsiCo, Inc. $PEP

Key Points

• Mitsubishi UFJ Trust & Banking increased its PepsiCo stake by 6.4%, purchasing 76,836 shares to hold 1.28 million shares valued at approximately $172.9 million. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo exceeded quarterly expectations with $2.20 in adjusted earnings per share and $24.18 billion in revenue, while revenue rose 6.4% year over year. The company also declared a quarterly dividend of $1.48, equivalent to a 4.1% annualized yield.
• Analysts have generally turned more cautious, with several firms cutting price targets; PepsiCo carries a consensus “Hold” rating and an average price target of $157.90 versus its reported share price of $143.48.

Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,276,811 shares of the company's stock after buying an additional 76,836 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of PepsiCo worth $172,880,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Fort Sheridan Advisors LLC lifted its position in shares of PepsiCo by 18.4% during the 2nd quarter. Fort Sheridan Advisors LLC now owns 10,451 shares of the company's stock valued at $1,415,000 after acquiring an additional 1,624 shares during the period. Centerpoint Advisors LLC increased its stake in PepsiCo by 4.1% in the second quarter. Centerpoint Advisors LLC now owns 1,918 shares of the company's stock valued at $260,000 after purchasing an additional 75 shares in the last quarter. Mechanics Financial Corp raised its holdings in shares of PepsiCo by 3.7% during the second quarter. Mechanics Financial Corp now owns 12,554 shares of the company's stock valued at $1,700,000 after purchasing an additional 443 shares during the period. Ellis Investment Partners LLC boosted its position in shares of PepsiCo by 3.8% during the 2nd quarter. Ellis Investment Partners LLC now owns 6,320 shares of the company's stock worth $856,000 after purchasing an additional 230 shares in the last quarter. Finally, Mosaic Family Wealth Partners LLC grew its stake in shares of PepsiCo by 18.5% in the 2nd quarter. Mosaic Family Wealth Partners LLC now owns 10,995 shares of the company's stock valued at $1,489,000 after buying an additional 1,718 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP opened at $143.48 on Friday. The stock has a 50 day moving average of $140.02 and a 200 day moving average of $150.30. The company has a market capitalization of $195.83 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.15 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share 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 for the quarter, compared to analysts' expectations of $23.95 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Dividend Announcement

The business 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 dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's payout ratio is 77.59%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PEP. Bank of America dropped their price target on PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a research note on Thursday, June 25th. Wells Fargo & Company reduced their price target on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Citigroup lowered shares of PepsiCo from a "buy" rating to a "neutral" rating and decreased their price target for the company from $170.00 to $145.00 in a research note on Friday, July 10th. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a report on Friday, July 10th. Finally, BNP Paribas Exane lowered their target price on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $157.90.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.12% of the company's stock.

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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