Mystic Asset Management Inc. Makes New Investment in PepsiCo, Inc. $PEP

Key Points

• Mystic Asset Management acquired 24,345 PepsiCo shares worth approximately $3.3 million in the second quarter. Institutional investors and hedge funds collectively own 73.07% of the company.
• Analysts maintain a generally cautious view, with PepsiCo receiving an average “Hold” rating and a consensus price target of $157.90 after several firms lowered their targets.
• PepsiCo reported quarterly EPS of $2.20 and revenue of $24.18 billion, while declaring a $1.48 quarterly dividend, equivalent to a 4.2% yield at the reported share price.

Mystic Asset Management Inc. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 24,345 shares of the company's stock, valued at approximately $3,296,000.

A number of other large investors also recently modified their holdings of the stock. Advisors Preferred LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $904,000. Fairtree Asset Management Pty Ltd acquired a new position in PepsiCo during the 2nd quarter worth $1,410,000. Oxford Financial Group LTD. LLC bought a new position in PepsiCo in the 2nd quarter valued at $328,000. Kilter Group LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $33,000. Finally, D L Carlson Investment Group Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $343,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the business's stock in a transaction 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 sale, the executive vice president directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BNP Paribas Exane cut their price target on PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Bank of America cut their target price on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a research report on Friday, July 10th. Evercore set a $150.00 price target on PepsiCo in a research report on Thursday, July 9th. Finally, Wells Fargo & Company decreased their price objective on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. Seven equities research 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. According to data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $157.90.

PepsiCo Trading Down 1.7%

NASDAQ:PEP opened at $139.72 on Friday. 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 business's 50-day simple moving average is $139.87 and its 200-day simple moving average is $149.57. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The stock has a market capitalization of $190.70 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to analysts' expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.PepsiCo's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo's dividend payout ratio is currently 77.59%.

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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