Public Employees Retirement System of Ohio Purchases Shares of 518,847 PepsiCo, Inc. $PEP

Key Points

• Public Employees Retirement System of Ohio purchased 518,847 PepsiCo shares valued at approximately $70.3 million, while institutional investors collectively own 73.07% of the stock.
• Analysts maintain a generally cautious view, with PepsiCo holding a consensus rating of “Hold” and an average price target of $157.90. Recent actions included a Citigroup downgrade to “neutral” and mixed target-price revisions.
• PepsiCo exceeded quarterly earnings and revenue expectations, reporting $2.20 in adjusted EPS and $24.18 billion in revenue. The company declared a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Public Employees Retirement System of Ohio purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 518,847 shares of the company's stock, valued at approximately $70,252,000.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Caxton Associates LLP bought a new position in shares of PepsiCo during the 1st quarter worth approximately $251,000. Sivia Capital Partners LLC boosted its stake in shares of PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock worth $862,000 after buying an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of PepsiCo by 10.1% in the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of PepsiCo by 45.5% during the second quarter. Sei Investments Co. now owns 536,133 shares of the company's stock valued at $70,789,000 after acquiring an additional 167,707 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PepsiCo

In other 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 completion of the transaction, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PEP shares. Barclays boosted their price objective on PepsiCo from $138.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Evercore set a $150.00 target price on PepsiCo in a research report on Thursday, July 9th. Wells Fargo & Company cut their price target on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a report on Friday, July 10th. Sanford C. Bernstein set a $134.00 price target on shares of PepsiCo in a research report on Friday, July 10th. Finally, Citigroup downgraded shares of PepsiCo from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $170.00 to $145.00 in a report on Friday, July 10th. Seven 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, the stock has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.34 on Tuesday. The company has a market capitalization of $191.55 billion, a P/E ratio of 18.39, a P/E/G ratio of 3.10 and a beta of 0.35. The business has a fifty day simple moving average of $139.85 and a two-hundred day simple moving average of $149.20. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

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 given 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 is Friday, September 4th. PepsiCo's dividend payout ratio (DPR) 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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