Strive Financial Group LLC Has $390,000 Stock Holdings in PepsiCo, Inc. $PEP

Strive Financial Group LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 76.2% in the second quarter, HoldingsChannel.com reports. The fund owned 2,878 shares of the company’s stock after selling 9,230 shares during the quarter. Strive Financial Group LLC’s holdings in PepsiCo were worth $390,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. BNP Paribas Exane decreased their target price on PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Evercore set a $150.00 price objective on shares of PepsiCo in a research note on Thursday, July 9th. Barclays raised their target price 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, Morgan Stanley decreased their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.90.

Trending Headlines about PepsiCo

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 PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $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 can be accessed through this hyperlink. 0.12% of the stock is owned by corporate insiders.

PepsiCo Stock Down 1.7%

NASDAQ:PEP opened at $137.63 on Friday. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The company has a market cap of $187.85 billion, a PE ratio of 18.04, a P/E/G ratio of 2.95 and a beta of 0.35. The firm’s 50 day simple moving average is $139.70 and its 200 day simple moving average is $148.55.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period in the prior year, the business posted $0.92 earnings per share. PepsiCo’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, research analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

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 given a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. PepsiCo’s dividend payout ratio (DPR) is 77.59%.

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.