Lummis Asset Management LP Lowers Stock Position in PepsiCo, Inc. $PEP

Lummis Asset Management LP cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 43.9% during the second quarter, Holdings Channel reports. The institutional investor owned 9,647 shares of the company’s stock after selling 7,545 shares during the quarter. Lummis Asset Management LP’s holdings in PepsiCo were worth $1,306,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Evergreen Advisors LLC purchased a new stake in PepsiCo in the first quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $26,000. Swiss RE Ltd. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $28,000. Atlatl Advisers LLC purchased a new stake in shares of PepsiCo in the 2nd quarter worth approximately $31,000. Finally, Imprint Wealth LLC bought a new position in PepsiCo during the 3rd quarter valued at approximately $31,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Rothschild & Co Redburn boosted their target price on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on PepsiCo in a research report on Friday, July 10th. BNP Paribas Exane dropped their price target on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Morgan Stanley reduced their price objective on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Finally, Evercore set a $150.00 target price on shares of PepsiCo in a report on Thursday, July 9th. 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 data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $157.90.

PepsiCo Price Performance

PEP opened at $142.58 on Thursday. The company’s 50-day simple moving average is $140.07 and its two-hundred day simple moving average is $150.43. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The stock has a market capitalization of $194.61 billion, a P/E ratio of 18.69, a P/E/G ratio of 3.08 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 (NASDAQ:PEP) 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 predict that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s payout ratio is presently 77.59%.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

PepsiCo 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.