Janney Montgomery Scott LLC Buys Shares of 954,271 PepsiCo, Inc. $PEP

Janney Montgomery Scott LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 954,271 shares of the company’s stock, valued at approximately $129,208,000. Janney Montgomery Scott LLC owned approximately 0.07% of PepsiCo at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Mccarter Private Wealth Services LLC increased its stake in shares of PepsiCo by 1.0% in the second quarter. Mccarter Private Wealth Services LLC now owns 9,693 shares of the company’s stock valued at $1,312,000 after buying an additional 94 shares during the period. Juno Financial Group LLC increased its position in shares of PepsiCo by 10.1% during the second quarter. Juno Financial Group LLC now owns 19,653 shares of the company’s stock worth $2,661,000 after buying an additional 1,797 shares during the period. North Dakota State Investment Board raised its position in shares of PepsiCo by 2.6% in the 2nd quarter. North Dakota State Investment Board now owns 40,747 shares of the company’s stock worth $5,517,000 after acquiring an additional 1,040 shares in the last quarter. USA Financial Formulas acquired a new position in PepsiCo in the first quarter valued at approximately $676,000. Finally, Aviso Wealth Management lifted its position in shares of PepsiCo by 61.3% during the 2nd quarter. Aviso Wealth Management now owns 14,011 shares of the company’s stock valued at $1,897,000 after acquiring an additional 5,326 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 1.0%

Shares of PepsiCo stock opened at $143.48 on Friday. The company’s 50-day moving average price is $140.02 and its 200-day moving average price is $150.30. 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, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The company has a market cap of $195.83 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.12 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $23.95 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business’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. On average, equities analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s payout ratio is currently 77.59%.

Insider Transactions at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company’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 completion of the transaction, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PEP shares. Evercore set a $150.00 price target on PepsiCo in a research note on Thursday, July 9th. Piper Sandler set a $176.00 price objective on shares of PepsiCo in a report on Thursday, July 9th. 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 note on Wednesday, July 1st. TD Cowen reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Finally, Royal Bank Of Canada decreased their price target on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Seven 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $157.90.

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.