Stonebridge Capital Management Inc. Makes New $4.38 Million Investment in PepsiCo, Inc. $PEP

Key Points

• Stonebridge Capital Management purchased 32,349 PepsiCo shares worth approximately $4.38 million, making PEP about 2.1% of its portfolio and its 16th-largest holding.
• Institutional investors and hedge funds own 73.07% of PepsiCo. Analysts maintain a consensus “Hold” rating with an average price target of $157.90.
• PepsiCo exceeded quarterly earnings and revenue estimates, while reporting 6.4% year-over-year revenue growth. The company declared a $1.48 quarterly dividend, equal to a $5.92 annual payout and a 4.2% yield.

Stonebridge Capital Management Inc. purchased a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,349 shares of the company's stock, valued at approximately $4,380,000. PepsiCo makes up about 2.1% of Stonebridge Capital Management Inc.'s portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Auto Owners Insurance Co grew its position in shares of PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock worth $7,068,777,000 after buying an additional 48,923,629 shares in the last quarter. Norges Bank acquired a new stake in PepsiCo in the fourth quarter valued at approximately $3,018,813,000. Bank of America Corp DE purchased a new position in PepsiCo in the second quarter worth approximately $2,755,509,000. Legal & General Group Plc acquired a new position in PepsiCo during the 2nd quarter worth approximately $1,200,274,000. Finally, Corient Private Wealth LP acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $297,116,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on PEP. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on PepsiCo in a research report on Friday, July 10th. JPMorgan Chase & Co. cut their target price on PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 1st. Bank of America lowered their price target on PepsiCo from $173.00 to $164.00 and set a "neutral" rating for the company in a report on Thursday, June 25th. Finally, UBS Group set a $159.00 price objective on shares of PepsiCo in a report on Thursday, July 9th. 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. According to data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $157.90.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

PepsiCo Stock Down 0.5%

PepsiCo stock opened at $140.34 on Tuesday. The company has a market capitalization of $191.55 billion, a P/E ratio of 18.39, a PEG ratio of 3.10 and a beta of 0.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The stock has a 50-day simple moving average of $139.85 and a 200-day simple moving average of $149.20.

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 the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 yield of 4.2%. PepsiCo's dividend payout ratio is 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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