Shelter Mutual Insurance Co Buys New Shares in PepsiCo, Inc. $PEP

Shelter Mutual Insurance Co purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 51,020 shares of the company’s stock, valued at approximately $6,908,000. PepsiCo accounts for about 1.5% of Shelter Mutual Insurance Co’s investment portfolio, making the stock its 27th largest position.

Several other large investors also recently modified their holdings of PEP. Cypress Capital Management LLC WY grew its position in shares of PepsiCo by 8.3% in the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after buying an additional 64 shares during the last quarter. United Bank grew its position in shares of PepsiCo by 3.9% in the 4th quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after buying an additional 65 shares during the period. Onyx Bridge Wealth Group LLC increased its stake in shares of PepsiCo by 2.5% during the first quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock valued at $415,000 after purchasing an additional 66 shares in the last quarter. Wilkerson Advisory Group LLC increased its position in PepsiCo by 3.3% during the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock valued at $317,000 after buying an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its stake in PepsiCo by 3.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock worth $301,000 after purchasing an additional 67 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.7%

Shares of NASDAQ:PEP opened at $139.72 on Friday. The company has a market cap of $190.70 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 3.12 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The company has a 50-day moving average price of $139.87 and a 200 day moving average price of $149.57. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results 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 return on equity of 54.63% and a net margin of 10.78%.The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. PepsiCo’s quarterly revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities research 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%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. UBS Group set a $159.00 price objective on PepsiCo in a research report on Thursday, July 9th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research report on Friday, July 10th. Bank of America reduced their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research report on Thursday, June 25th. Barclays raised their price objective on shares of PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Finally, Citigroup cut 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 report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.90.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the 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 sale, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by company 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.