Johnson Investment Counsel Inc. Sells 5,631 Shares of PepsiCo, Inc. $PEP

Johnson Investment Counsel Inc. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 542,756 shares of the company’s stock after selling 5,631 shares during the period. Johnson Investment Counsel Inc.’s holdings in PepsiCo were worth $73,489,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Evergreen Advisors LLC acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. bought a new position in shares of PepsiCo in the fourth quarter valued at $28,000. Atlatl Advisers LLC bought a new position in shares of PepsiCo in the second quarter valued at $31,000. Finally, Imprint Wealth LLC acquired a new position in PepsiCo during the third quarter worth $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s 4% dividend increase and 54 consecutive years of dividend growth reinforce its appeal to income-focused investors. With shares trading at a valuation below that of rival Coca-Cola, analysts and financial commentators see potential for the valuation gap to narrow. 54 Straight Years: Why PepsiCo Remains a Dividend Investor’s Anchor
• Positive Sentiment: PepsiCo’s decade-low valuation is attracting attention from investors seeking a potential recovery in a large, established consumer-staples company. The thesis provides support for the stock despite recent pressure on its share price. PepsiCo: A Behemoth Trading At A Decade-Low Valuation
• Positive Sentiment: PepsiCo reported progress toward its pep+ sustainability goals, including efforts involving agriculture, emissions, packaging and healthier product formulations. Its reported increase in recycled content for plastic packaging may strengthen brand reputation and help address environmental concerns, although the near-term earnings impact is likely limited. PepsiCo Reports on Latest ESG Performance Towards pep+ Goals PepsiCo reports 2025 increase in recycled content for plastic packaging
• Neutral Sentiment: Gatorade added three-time Ballon d’Or winner Aitana Bonmatí to its athlete roster ahead of the football season. The partnership could support brand visibility and sports-drink sales, but its financial effect is not quantified. Gatorade Welcomes Aitana Bonmatí to Team Gatorade
• Neutral Sentiment: Hudson Valley Farms plans to acquire a former PepsiCo property. The transaction may streamline PepsiCo’s real-estate holdings, but no purchase price or material earnings impact was provided. Hudson Valley Farms to acquire former PepsiCo property

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the business’s 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 completion of the transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.12% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $140.79 on Monday. 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, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The firm’s 50 day moving average is $140.20 and its 200-day moving average is $150.60. The stock has a market capitalization of $192.16 billion, a PE ratio of 18.45, a P/E/G ratio of 3.09 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio is 77.59%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Monday, July 6th. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $170.00 to $145.00 in a research note on Friday, July 10th. Jefferies Financial Group dropped their target price on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a report on Friday, July 10th. TD Cowen cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Finally, Wells Fargo & Company lowered their price target on PepsiCo from $150.00 to $140.00 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus 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.