5,812 Shares in PepsiCo, Inc. $PEP Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,812 shares of the company’s stock, valued at approximately $787,000.

Several other hedge funds have also modified their holdings of the company. Stonebridge Capital Management Inc. bought a new position in shares of PepsiCo during the 2nd quarter valued at approximately $4,380,000. Pure Financial Advisors LLC bought a new stake in PepsiCo in the second quarter worth $3,724,000. Transamerica Financial Advisors LLC bought a new position in PepsiCo during the second quarter valued at $1,073,000. Corient Private Wealth LP bought a new stake in shares of PepsiCo in the 2nd quarter worth about $297,116,000. Finally, Perennial Investment Advisors LLC purchased a new stake in shares of PepsiCo during the 2nd quarter valued at about $1,537,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on PEP. TD Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Friday. Morgan Stanley dropped their target price on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Sanford C. Bernstein set a $134.00 target price on PepsiCo in a research report on Friday, July 10th. Rothschild & Co Redburn raised their price target on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $157.90.

Read Our Latest Report on PEP

PepsiCo Stock Down 0.5%

NASDAQ:PEP opened at $140.34 on Tuesday. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The company has a market cap of $191.55 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35. The stock has a fifty day simple moving average of $139.85 and a 200-day simple moving average of $149.20. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

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 paid a dividend of $1.48 per share. 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 currently 77.59%.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

PepsiCo Company Profile

(Free Report)

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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