TD Waterhouse Canada Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 100.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 412,372 shares of the company’s stock after acquiring an additional 206,442 shares during the period. TD Waterhouse Canada Inc.’s holdings in PepsiCo were worth $58,250,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its stake in PepsiCo by 11.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after acquiring an additional 42,335 shares in the last quarter. National Pension Service increased its stake in shares of PepsiCo by 2.5% during the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock valued at $451,218,000 after purchasing an additional 77,051 shares in the last quarter. Allstate Corp lifted its holdings in shares of PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after purchasing an additional 54,405 shares during the last quarter. First Nebraska Trust Co bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $10,782,000. Finally, Knights of Columbus Asset Advisors LLC grew its stake in shares of PepsiCo by 90.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock worth $13,584,000 after buying an additional 44,824 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
PEP has been the subject of a number of analyst reports. Evercore set a $150.00 price objective on PepsiCo in a research report on Thursday, July 9th. BNP Paribas Exane reduced their price target on PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday, July 8th. Citigroup lowered PepsiCo from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research note on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $157.90.
PepsiCo Stock Performance
Shares of NASDAQ PEP opened at $137.63 on Friday. The firm’s 50-day moving average price is $139.70 and its 200-day moving average price is $148.55. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a market cap of $187.85 billion, a PE ratio of 18.04, a PEG ratio of 2.95 and a beta of 0.35. 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 data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a yield of 4.3%. PepsiCo’s payout ratio is currently 77.59%.
Key PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo plans to build a Frito-Lay distribution warehouse near California’s Sonoma County airport. The facility could expand regional distribution capacity and support future sales growth. PepsiCo plans Frito-Lay distribution warehouse near Sonoma County airport
- Positive Sentiment: Publicis Groupe won PepsiCo’s global media account from Omnicom. The change may help PepsiCo modernize marketing, improve digital capabilities and respond more effectively to changing consumer preferences. PepsiCo hands global media to Publicis amid transformation at CPG giant
- Positive Sentiment: Analysts and financial commentators see potential for a longer-term recovery, citing international momentum, a large buyback program and a portfolio overhaul. The thesis is more relevant to future valuation than to near-term earnings. Prediction: Pepsi Stock Could Surprise Wall Street in 2027
- Neutral Sentiment: PepsiCo’s dividend remains a major attraction for income investors, although reaching $25,000 in annual dividends would require a substantial investment and many shares. How many shares of PepsiCo are needed for $25,000 in yearly dividends
- Neutral Sentiment: Recent coverage compares PepsiCo with Coca-Cola as defensive consumer-staples investments. The comparison highlights PEP’s dividend history and business resilience but does not provide a clear new catalyst. PepsiCo versus Coca-Cola
- Negative Sentiment: Reports point to damage at a Ukrainian production facility and softer North American demand, raising concerns about near-term sales, costs and execution. PepsiCo faces Ukraine damage and soft demand
- Negative Sentiment: PepsiCo is emphasizing fresh-food innovation as consumers move away from processed snacks, signaling a need for investment and potential portfolio-transition risk. The global media-account switch may also create near-term execution costs. PepsiCo puts fresh foods in focus
Insider Buying and Selling at PepsiCo
In other 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 value of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.
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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