Mystic Asset Management Inc. Buys New Position in PepsiCo, Inc. $PEP

Mystic Asset Management Inc. bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, Holdings Channel.com reports. The firm bought 24,345 shares of the company’s stock, valued at approximately $3,296,000.

Other hedge funds also recently made changes to their positions in the company. Evergreen Advisors LLC bought a new position in PepsiCo in the first quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo during the 4th quarter worth about $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo during the 4th quarter worth about $28,000. Imprint Wealth LLC bought a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Finally, Atlatl Advisers LLC acquired a new stake in shares of PepsiCo in the second quarter valued at about $31,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Piper Sandler set a $176.00 price target on PepsiCo in a research report on Thursday, July 9th. BNP Paribas Exane dropped their price objective on PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on PepsiCo in a report on Friday, July 10th. Bank of America lowered their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Finally, Morgan Stanley dropped their price target on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $157.90.

PepsiCo Stock Performance

PEP opened at $139.72 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 12-month low of $133.73 and a 12-month high of $171.48. The business has a 50 day moving average of $139.87 and a 200-day moving average of $149.57. The stock 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.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the firm earned $0.92 EPS. The firm’s 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. On average, equities research analysts expect 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. Shareholders of record on Friday, September 4th will be issued a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo’s payout ratio is currently 77.59%.

Insider Buying and Selling at PepsiCo

In other 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 transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at $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 can be accessed through this link. 0.12% of the stock is owned by 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.