Shelter Mutual Insurance Co Purchases New Holdings in PepsiCo, Inc. $PEP

Key Points

• Shelter Mutual Insurance Co. initiated a PepsiCo position of 51,020 shares worth approximately $6.9 million, making PEP its 27th-largest holding and about 1.5% of its portfolio. Institutional investors and hedge funds collectively own 73.07% of PepsiCo.
• PepsiCo beat quarterly expectations with $2.20 in EPS and $24.18 billion in revenue, up 6.4% year over year. The company guided to fiscal 2026 EPS of $8.55–$8.71.
• PepsiCo 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 an average price target of $157.90, versus a recent share price of $139.72.

Shelter Mutual Insurance Co bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,020 shares of the company's stock, valued at approximately $6,908,000. PepsiCo comprises approximately 1.5% of Shelter Mutual Insurance Co's portfolio, making the stock its 27th biggest position.

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

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $139.72 on Friday. The company has a market capitalization of $190.70 billion, a PE ratio of 18.31, a PEG ratio of 3.12 and a beta of 0.35. The stock's 50 day moving average price is $139.87 and its 200-day moving average price is $149.57. 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, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter last year, the company posted $0.92 earnings per share. 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, equities analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo's payout ratio is 77.59%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley cut their price target on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. Jefferies Financial Group cut their price target on PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a report on Friday, July 10th. Barclays upped their price target on shares of PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Bank of America decreased their target price on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a report on Thursday, June 25th. Finally, Piper Sandler set a $176.00 target price on shares of PepsiCo in a research report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $157.90.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the transaction, the executive vice president 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.12% of the company's stock.

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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