Willis Investment Counsel Increases Stake in PepsiCo, Inc. $PEP

Willis Investment Counsel raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 239,514 shares of the company’s stock after purchasing an additional 10,462 shares during the quarter. PepsiCo accounts for 1.5% of Willis Investment Counsel’s portfolio, making the stock its 21st biggest position. Willis Investment Counsel’s holdings in PepsiCo were worth $32,430,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. One Day In July LLC grew its stake in shares of PepsiCo by 7.7% in the second quarter. One Day In July LLC now owns 1,656 shares of the company’s stock worth $224,000 after purchasing an additional 118 shares during the last quarter. Morgan Dempsey Capital Management LLC raised its position in PepsiCo by 43.5% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 39,911 shares of the company’s stock valued at $5,404,000 after purchasing an additional 12,097 shares during the last quarter. TCW Group Inc. lifted its holdings in PepsiCo by 1.5% in the 2nd quarter. TCW Group Inc. now owns 23,574 shares of the company’s stock worth $3,192,000 after buying an additional 356 shares during the period. Elyxium Wealth LLC grew its position in shares of PepsiCo by 13.2% in the 2nd quarter. Elyxium Wealth LLC now owns 7,467 shares of the company’s stock worth $1,011,000 after buying an additional 871 shares during the last quarter. Finally, Stack Financial Management Inc grew its position in shares of PepsiCo by 0.6% in the 2nd quarter. Stack Financial Management Inc now owns 117,752 shares of the company’s stock worth $15,944,000 after buying an additional 707 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. JPMorgan Chase & Co. cut 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. Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Finally, Royal Bank Of Canada cut their target price on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” 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 given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $157.90.

PepsiCo Trading Down 0.4%

PEP opened at $142.08 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. The stock has a market cap of $193.92 billion, a PE ratio of 18.62, a PEG ratio of 3.13 and a beta of 0.35. The business has a 50 day moving average of $140.03 and a 200-day moving average of $150.34.

PepsiCo (NASDAQ:PEP) last issued 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. The company had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 given a $1.48 dividend. 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%.

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.