PepsiCo, Inc. $PEP Stock Position Lessened by Davis R M Inc.

Davis R M Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 307,754 shares of the company’s stock after selling 6,176 shares during the quarter. Davis R M Inc.’s holdings in PepsiCo were worth $47,791,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Evergreen Advisors LLC bought a new position in shares of PepsiCo in the first quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in PepsiCo during the fourth quarter worth approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo in the fourth quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo in the fourth quarter worth approximately $29,000. Finally, Imprint Wealth LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Wells Fargo & Company cut their price target on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Finally, Citigroup cut 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. 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 stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.90.

PepsiCo Trading Up 0.5%

Shares of NASDAQ PEP opened at $135.65 on Thursday. 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 $133.95 and a 12 month high of $171.48. The company has a market cap of $185.15 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.96 and a beta of 0.36. The business has a fifty day simple moving average of $142.64 and a 200-day simple moving average of $151.08.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the firm posted $0.92 earnings per share. The firm’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. Sell-side analysts predict that PepsiCo, Inc. will post 8.58 EPS for the current year.

PepsiCo Dividend Announcement

The firm 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 $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.4%. PepsiCo’s dividend payout ratio is presently 77.59%.

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.