Diversify Wealth Management LLC Buys 26,183 Shares of PepsiCo, Inc. $PEP

Diversify Wealth Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 72.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,431 shares of the company’s stock after buying an additional 26,183 shares during the quarter. Diversify Wealth Management LLC’s holdings in PepsiCo were worth $9,695,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in PEP. Pittenger & Anderson Inc. raised its position in PepsiCo by 0.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock worth $3,866,000 after purchasing an additional 69 shares during the period. 180 Wealth Advisors LLC grew its stake in shares of PepsiCo by 3.9% during the first quarter. 180 Wealth Advisors LLC now owns 22,248 shares of the company’s stock valued at $3,455,000 after buying an additional 830 shares during the last quarter. Midwest Trust Co grew its stake in shares of PepsiCo by 4.9% during the first quarter. Midwest Trust Co now owns 382,857 shares of the company’s stock valued at $59,454,000 after buying an additional 17,816 shares during the last quarter. Fifth Third Bancorp raised its holdings in shares of PepsiCo by 80.2% in the first quarter. Fifth Third Bancorp now owns 1,026,818 shares of the company’s stock worth $159,455,000 after buying an additional 456,941 shares during the period. Finally, Glass Wealth Management Co LLC bought a new stake in shares of PepsiCo during the 1st quarter worth approximately $277,000. 73.07% of the stock is currently owned by institutional investors.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s Q2 revenue topped Wall Street estimates, supported by stronger international growth and improved volumes in some markets.
• Positive Sentiment: The company reaffirmed its full-year guidance, which can help reassure investors that the turnaround plan is still on track.
• Positive Sentiment: PepsiCo’s long dividend track record remains a draw for income investors, with the company continuing its streak of annual increases.
• Neutral Sentiment: Several firms, including RBC, TD Cowen, Wells Fargo, Citi, and others, lowered price targets after the report, but most still kept neutral or hold-type ratings. Citi Analyst Downgrades PepsiCo Stock (PEP) Despite Q2 Beat, Slashes Target by 15%
• Neutral Sentiment: Analysts remain split between PepsiCo’s dividend/stability appeal and concerns about valuation, margin pressure, and a slow U.S. recovery. PepsiCo’s $200 Billion Stability Play Is Attracting Dividend Investors
• Negative Sentiment: Investors are worried that soft North American snack and beverage demand, plus higher commodity and fuel costs, could keep earnings momentum muted.
• Negative Sentiment: Media coverage compared PepsiCo unfavorably with Coca-Cola, highlighting market-share pressure and a more difficult turnaround narrative for PEP shares.

PepsiCo Stock Down 0.3%

Shares of NASDAQ:PEP traded down $0.48 during trading hours on Friday, hitting $137.38. The company’s stock had a trading volume of 9,071,253 shares, compared to its average volume of 9,517,085. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.72. The firm’s fifty day moving average price is $145.42 and its 200 day moving average price is $151.46. PepsiCo, Inc. has a 52 week low of $133.75 and a 52 week high of $171.48. The company has a market capitalization of $187.77 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.77 and a beta of 0.36.

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. The company 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%.PepsiCo’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.59 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is presently 92.94%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Piper Sandler set a $176.00 price objective on PepsiCo in a research report on Thursday. Royal Bank Of Canada reduced their price target 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. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday. BNP Paribas Exane decreased their price target on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Rothschild & Co Redburn raised their price objective on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Seven 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. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $157.70.

PepsiCo 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.