PepsiCo, Inc. $PEP Shares Acquired by 111 Capital

111 Capital grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 163.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 34,399 shares of the company's stock after buying an additional 21,322 shares during the quarter. PepsiCo accounts for approximately 0.8% of 111 Capital's portfolio, making the stock its 21st biggest position. 111 Capital's holdings in PepsiCo were worth $4,658,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PEP. Evergreen Advisors LLC acquired a new position in PepsiCo during the first quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. bought a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Networth Advisors LLC grew its stake in shares of PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company's stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its holdings in PepsiCo by 99.1% during the first quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company's stock worth $34,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent research reports. Bank of America lowered their target price on PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a research note on Thursday, June 25th. BNP Paribas Exane decreased their price target on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating for the company in a research note on Wednesday, July 8th. UBS Group set a $159.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Piper Sandler set a $176.00 price target on PepsiCo in a research report on Thursday, July 9th. Finally, Citigroup lowered shares of PepsiCo from a "buy" rating to a "neutral" rating and cut their price target for the company from $170.00 to $145.00 in a research report on Friday, July 10th. Seven equities 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 company's stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $157.90.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. 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 Stock Performance

PEP opened at $143.48 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. The firm's fifty day simple moving average is $140.02 and its two-hundred day simple moving average is $150.30. The company has a market cap of $195.83 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.12 and a beta of 0.35. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.1%. PepsiCo's payout ratio is 77.59%.

PepsiCo 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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