Roberts Glore & Co. Inc. IL Purchases Shares of 30,915 PepsiCo, Inc. $PEP

Key Points

• Roberts Glore & Co. Inc. IL acquired 30,915 PepsiCo shares worth approximately $4.19 million, making PEP about 1% of its portfolio. Institutional investors collectively own 73.07% of the company.
• PepsiCo reported quarterly EPS of $2.20 and revenue of $24.18 billion, slightly exceeding analyst estimates, while revenue increased 6.4% year over year. Shares opened at $141.07, below the average analyst price target of $157.90.
• The company declared a quarterly dividend of $1.48, equivalent to an annualized $5.92 payout and a 4.2% yield. Analysts maintain a consensus “Hold” rating, with seven Buys, twelve Holds and one Sell.

Roberts Glore & Co. Inc. IL acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,915 shares of the company's stock, valued at approximately $4,186,000. PepsiCo accounts for about 1.0% of Roberts Glore & Co. Inc. IL's investment portfolio, making the stock its 20th biggest holding.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its stake in PepsiCo by 2.1% during the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company's stock valued at $16,015,363,000 after acquiring an additional 2,440,377 shares during the period. State Street Corp increased its position in shares of PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company's stock valued at $8,356,155,000 after purchasing an additional 1,079,970 shares during the period. Auto Owners Insurance Co raised its stake in shares of PepsiCo by 14,857.8% in the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock valued at $7,068,777,000 after purchasing an additional 48,923,629 shares in the last quarter. Geode Capital Management LLC lifted its position in PepsiCo by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company's stock worth $4,814,835,000 after purchasing an additional 360,936 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company's stock worth $4,031,646,000 after buying an additional 295,955 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares of the company's stock, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PEP shares. TD Cowen restated a "hold" rating on shares of PepsiCo in a research note on Friday. Morgan Stanley lowered their target price on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. BNP Paribas Exane cut 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. Rothschild & Co Redburn lifted their price objective on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, Jefferies Financial Group dropped their target price on PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $157.90.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $141.07 on Monday. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The stock has a market capitalization of $192.55 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35. The company has a 50-day simple moving average of $139.86 and a 200 day simple moving average of $149.39. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91.

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, beating analysts' consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period 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. Research analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal 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 issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's payout ratio is presently 77.59%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Jim Cramer highlighted PepsiCo as a defensive large-cap opportunity, citing its roughly 4% dividend yield and the potential benefit of lower oil prices. Cheaper fuel could support consumer spending and reduce transportation and operating costs. Jim Cramer Shares Why PepsiCo Caught His Eye During Consumer Headwinds
• Positive Sentiment: Investors remain attracted to PepsiCo’s 54-year record of consecutive dividend increases and comparatively reasonable valuation. Improving international results could help offset continuing weakness in North America, supporting the case for income-oriented investors. Most Investors Overlook This. I’m Buying PepsiCo for Its Dividend
• Positive Sentiment: PepsiCo is pursuing growth beyond its traditional snack portfolio by introducing and emphasizing global flavors, a strategy that could broaden consumer appeal and create new avenues for international growth. PepsiCo Bets on Global Flavors to Grow Beyond Snacks
• Neutral Sentiment: Commentary describing consumer staples as a lagging sector frames PepsiCo as a value opportunity rather than a near-term growth leader. The investment appeal depends on the stock’s discounted valuation, dividend support and execution on its recovery plans. The Consumer Staples Sector Is Lagging the S&P 500
• Negative Sentiment: Texas authorities are investigating PepsiCo and Kraft Heinz over claims involving avocado oil. The outcome and scope of the investigation are unclear, but regulatory scrutiny could create legal, reputational or product-related costs. PepsiCo, Kraft Heinz Under Investigation in Texas Over Avocado Oil Claims
• Negative Sentiment: Analysts note that PepsiCo’s dividend faces pressure from slower growth, persistent North American weakness and a more difficult recovery than the commodity-driven risks facing Chevron. This raises questions about future payout growth, despite the company’s long dividend history. Chevron or PepsiCo: Whose Dividend Is Standing on Thinner Ice?

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source