Legacy Advisors LLC Acquires 3,649 Shares of PepsiCo, Inc. $PEP

Legacy Advisors LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 32.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,046 shares of the company’s stock after acquiring an additional 3,649 shares during the quarter. Legacy Advisors LLC’s holdings in PepsiCo were worth $2,037,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PEP. Evergreen Advisors LLC bought a new stake in PepsiCo during the first quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the fourth quarter worth about $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $28,000. Atlatl Advisers LLC bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $31,000. Finally, Imprint Wealth LLC bought a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported increased recycled content in its plastic packaging, supporting its sustainability goals and potentially strengthening relationships with consumers and retailers. PepsiCo reports increase in recycled content for plastic packaging
• Positive Sentiment: The company is refreshing brands, products and value offerings to reconnect with consumers. These initiatives could support a gradual recovery if they improve volume and brand engagement. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
• Neutral Sentiment: Analyst commentary describes PepsiCo as potentially nearing a turning point, but investors are waiting for clearer evidence that demand and growth are improving. Why PepsiCo Could Be Nearing a Turning Point?
• Neutral Sentiment: A long-standing employee received a PepsiCo Lifetime Achievement Award, a positive reputational item but one unlikely to materially affect earnings or valuation. Jeff Minges retires with PepsiCo Lifetime Achievement Award
• Negative Sentiment: PepsiCo’s brand refresh may take time to reverse softer North American demand. Competition from health-focused beverage brands and consumer skepticism toward large soda companies add to the pressure. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
• Negative Sentiment: PEP underperformed the broader market in the latest session, suggesting that company-specific concerns—not just overall market weakness—are weighing on the stock. Here’s Why PepsiCo Fell More Than the Broader Market

Wall Street Analyst Weigh In

Several research analysts recently commented on PEP shares. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and cut their price target for the stock from $170.00 to $145.00 in a report on Friday, July 10th. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a report on Friday, July 10th. Rothschild & Co Redburn raised their price objective on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Finally, TD Cowen reduced their target price on PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $157.90.

Insiders Place Their Bets

In other news, EVP David Flavell sold 2,900 shares of the 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 represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

PepsiCo Trading Down 1.8%

Shares of PepsiCo stock opened at $138.24 on Tuesday. The firm’s 50 day simple moving average is $140.15 and its two-hundred day simple moving average is $150.53. The firm has a market capitalization of $188.68 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 3.09 and a beta of 0.35. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.3%. PepsiCo’s payout ratio is currently 77.59%.

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.