Narwhal Capital Management Sells 12,204 Shares of PepsiCo, Inc. $PEP

Key Points

• Narwhal Capital Management reduced its PepsiCo position by 21.8% in the second quarter, selling 12,204 shares and retaining 43,887 shares valued at approximately $5.94 million.
• PepsiCo reported quarterly adjusted earnings of $2.20 per share and revenue of $24.18 billion, both slightly above analyst expectations, while revenue increased 6.4% year over year.
• Analysts have a consensus “Hold” rating and an average price target of $157.90. PepsiCo also declared a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Narwhal Capital Management cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,887 shares of the company's stock after selling 12,204 shares during the period. Narwhal Capital Management's holdings in PepsiCo were worth $5,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Perryman Financial Advisory Inc. AD grew its position in shares of PepsiCo by 2.1% during the second quarter. Perryman Financial Advisory Inc. AD now owns 55,916 shares of the company's stock valued at $7,571,000 after purchasing an additional 1,166 shares in the last quarter. Blossom Wealth Management lifted its position in shares of PepsiCo by 61.1% in the second quarter. Blossom Wealth Management now owns 2,373 shares of the company's stock worth $321,000 after buying an additional 900 shares in the last quarter. Legacy Advisors LLC boosted its stake in PepsiCo by 32.0% during the second quarter. Legacy Advisors LLC now owns 15,046 shares of the company's stock valued at $2,037,000 after buying an additional 3,649 shares during the last quarter. Greenwood Gearhart LLC grew its holdings in PepsiCo by 27.4% during the 2nd quarter. Greenwood Gearhart LLC now owns 2,337 shares of the company's stock valued at $316,000 after buying an additional 502 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its holdings in PepsiCo by 11.7% during the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 57,842 shares of the company's stock valued at $7,832,000 after buying an additional 6,066 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Insider Buying and Selling at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was 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 in the company, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PEP shares. UBS Group set a $159.00 price objective on PepsiCo in a report on Thursday, July 9th. Barclays boosted their price target on shares of PepsiCo from $138.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Piper Sandler set a $176.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a research report on Friday, July 10th. Finally, Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s status as a long-standing dividend payer continues to attract income-focused investors. Its yield is described as more than four times that of the S&P 500, providing support while the stock trades well below its 52-week high. Meet the Dividend King Stock That Yields More Than Quadruple the S&P 500
• Positive Sentiment: A reported global review of PepsiCo’s marketing operations could expand the use of artificial intelligence, potentially improving advertising efficiency, consumer targeting and cost control. PepsiCo reportedly launches global AI marketing transformation review
• Positive Sentiment: PepsiCo reported increased recycled content in its plastic packaging, a development that may improve its sustainability profile and help address regulatory and consumer pressure on packaging waste. PepsiCo reports increase in recycled content for plastic packaging
• Neutral Sentiment: Brand refreshes, new products and value offerings are intended to rebuild consumer momentum, but analysts expect any recovery to be gradual because of softer North American demand. PepsiCo's Brand Refresh: Is it Enough to Win Back Consumers?
• Negative Sentiment: Ferrero’s acquisition activity is increasing competitive pressure across packaged foods and snacks, placing PepsiCo’s brands on notice and potentially raising the need for additional investment. Ferrero's M&A moves put General Mills, Post, and PepsiCo on notice
• Negative Sentiment: Reporting that PepsiCo paid $237 million to Russia last year despite previously saying it would leave the country creates reputational, geopolitical and potential regulatory concerns. PepsiCo said it would leave Russia

PepsiCo Trading Up 1.4%

Shares of PEP opened at $140.13 on Wednesday. The company's fifty day simple moving average is $140.10 and its 200-day simple moving average is $150.47. The company has a market cap of $191.26 billion, a P/E ratio of 18.37, a P/E/G ratio of 3.09 and a beta of 0.35. 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, Inc. has a twelve month low of $133.73 and a twelve month 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, topping analysts' consensus estimates 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 analysts' expectations of $23.95 billion. During the same period in the previous year, the company earned $0.92 EPS. The firm'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 expect that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

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

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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