PepsiCo, Inc. $PEP Position Lifted by Arizona State Retirement System

Arizona State Retirement System grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 379,252 shares of the company’s stock after buying an additional 4,625 shares during the period. Arizona State Retirement System’s holdings in PepsiCo were worth $51,351,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PEP. Cypress Capital Management LLC WY lifted its holdings in PepsiCo by 8.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after acquiring an additional 64 shares during the last quarter. United Bank grew its holdings in shares of PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after purchasing an additional 65 shares during the last quarter. Onyx Bridge Wealth Group LLC raised its position in shares of PepsiCo by 2.5% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock worth $415,000 after purchasing an additional 66 shares during the period. Wilkerson Advisory Group LLC lifted its holdings in shares of PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after purchasing an additional 66 shares during the last quarter. Finally, Richards Merrill & Peterson Inc. boosted its position in PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock valued at $301,000 after purchasing an additional 67 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a report on Friday, July 10th. Barclays upped their target price on shares of PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Morgan Stanley cut their price target on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Wells Fargo & Company reduced their price objective on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $157.90.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s global convenient-foods business posted 3% organic volume growth in the second quarter, supported by international demand, product innovation and affordable snack offerings. This suggests the company’s core snack portfolio is still generating momentum despite broader category concerns. PepsiCo’s Snack Portfolio: What’s Driving Volume Gains?
• Positive Sentiment: PepsiCo is targeting a roughly $271 billion fresh-food opportunity as consumers using GLP-1 medications increasingly seek higher-protein, higher-fiber and less-processed foods. Expansion beyond traditional salty snacks could help offset potential pressure on snack demand. GLP-1 Drugs Are Pushing PepsiCo Into a New $271 Billion Market
• Positive Sentiment: An investment analysis describes PepsiCo as an potentially undervalued dividend company, which may appeal to income-focused investors following the stock’s prolonged underperformance. PepsiCo: An Undervalued Dividend Machine Worth A Second Look

PepsiCo Price Performance

Shares of PEP traded up $0.82 during mid-day trading on Tuesday, hitting $138.45. The company’s stock had a trading volume of 10,086,062 shares, compared to its average volume of 7,808,609. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The firm has a 50-day moving average price of $139.68 and a 200 day moving average price of $148.26. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The stock has a market capitalization of $188.97 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.90 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating 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 company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s quarterly 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, research analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared 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 4.3%. The ex-dividend date is Friday, September 4th. PepsiCo’s payout ratio is currently 77.59%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on 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 sale, the executive vice president directly owned 74,825 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

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.