Old Mission Investment Co LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 3,641 shares of the company’s stock, valued at approximately $493,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Evergreen Advisors LLC purchased a new position in PepsiCo during the first quarter valued at approximately $25,000. Montgomery Financial Services LLC bought a new stake in PepsiCo during the second quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of PepsiCo in the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Finally, Imprint Wealth LLC purchased a new position in PepsiCo in the 3rd quarter worth approximately $31,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Stock Down 1.7%
PepsiCo stock opened at $137.63 on Friday. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The stock has a fifty day simple moving average of $139.70 and a two-hundred day simple moving average of $148.55. 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 firm has a market cap of $187.85 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 2.95 and a beta of 0.35.
PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given 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 dividend payout ratio is 77.59%.
Insider Transactions at PepsiCo
In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred 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 owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction 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.
Wall Street Analysts Forecast Growth
PEP has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a report on Friday, July 10th. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. UBS Group set a $159.00 price target on PepsiCo in a research report on Thursday, July 9th. Finally, Morgan Stanley cut their price target on 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 investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.90.
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
About PepsiCo
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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