Corient Private Wealth LP Takes Position in PepsiCo, Inc. $PEP

Corient Private Wealth LP purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,747,783 shares of the company’s stock, valued at approximately $297,116,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Evergreen Advisors LLC bought a new position in PepsiCo in the 1st quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $26,000. Swiss RE Ltd. purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Atlatl Advisers LLC bought a new position in PepsiCo in the second quarter worth approximately $31,000. Finally, Osterweis Capital Management Inc. purchased a new position in PepsiCo during the 2nd quarter worth $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5%

Shares of NASDAQ PEP opened at $140.34 on Tuesday. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The stock’s fifty day simple moving average is $139.85 and its two-hundred day simple moving average is $149.20. The stock has a market capitalization of $191.55 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35. 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 released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.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 company posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. PepsiCo’s payout ratio is currently 77.59%.

Insider Buying and Selling

In other PepsiCo 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 transaction of $404,666.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group set a $159.00 target price on PepsiCo in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on PepsiCo in a research report on Friday, July 10th. Evercore set a $150.00 price objective on PepsiCo in a report on Thursday, July 9th. Bank of America lowered their price objective on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Finally, TD Cowen reiterated a “hold” rating on shares of PepsiCo in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $157.90.

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.