Strive Financial Group LLC Sells 9,230 Shares of PepsiCo, Inc. $PEP

Key Points

• Strive Financial Group cut its PepsiCo stake by 76.2% in the second quarter, selling 9,230 shares and retaining 2,878 shares valued at approximately $390,000. Institutional investors collectively own 73.07% of PepsiCo.
• Analysts maintain a broadly neutral view, with seven Buy, twelve Hold and one Sell rating; the consensus rating is Hold with an average price target of $157.90.
• PepsiCo reported quarterly EPS of $2.20 and revenue of $24.18 billion, both slightly above estimates, while declaring a quarterly dividend of $1.48 per share, equivalent to a 4.2% annualized yield.

Strive Financial Group LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 76.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,878 shares of the company's stock after selling 9,230 shares during the quarter. Strive Financial Group LLC's holdings in PepsiCo were worth $390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Evergreen Advisors LLC purchased a new position in shares of PepsiCo in the first quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in PepsiCo in the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo in the 4th quarter worth $28,000. Networth Advisors LLC boosted its holdings in shares of PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company's stock valued at $32,000 after purchasing an additional 200 shares during the last quarter. Finally, Vermillion Wealth Management Inc. increased its holdings in shares of PepsiCo by 99.1% in the first quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company's stock worth $34,000 after purchasing an additional 108 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PEP shares. UBS Group set a $159.00 price target on PepsiCo in a report on Thursday, July 9th. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a report on Monday, July 6th. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Jefferies Financial Group lowered their price objective on shares of PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a research report on Friday, July 10th. Finally, BNP Paribas Exane reduced their target price on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, July 8th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average target price of $157.90.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction that occurred 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 approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. 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 Stock Down 0.5%

NASDAQ PEP opened at $140.34 on Tuesday. 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 52 week low of $133.73 and a 52 week high of $171.48. The firm has a market capitalization of $191.55 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.10 and a beta of 0.35. The company has a fifty day moving average of $139.85 and a two-hundred day moving average of $149.20.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion during 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 business's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts predict 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. 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 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo's dividend payout ratio 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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