Canandaigua National Bank & Trust Co. Invests $7.95 Million in PepsiCo, Inc. $PEP

Canandaigua National Bank & Trust Co. bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 58,678 shares of the company’s stock, valued at approximately $7,945,000.

A number of other large investors have also added to or reduced their stakes in the company. Evergreen Advisors LLC bought a new position in shares of PepsiCo during the 1st quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo during the fourth quarter valued at approximately $26,000. Swiss RE Ltd. purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $29,000. Finally, Imprint Wealth LLC purchased a new stake in shares of PepsiCo in the 3rd quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PEP shares. Piper Sandler set a $176.00 target price on shares of PepsiCo in a research report on Thursday, July 9th. Morgan Stanley reduced their price objective on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. HSBC increased their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Monday, July 6th. Finally, BNP Paribas Exane lowered their price objective on PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research report on Wednesday, July 8th. Seven 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.com, the company has a consensus rating of “Hold” and a consensus target price of $157.90.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo signed a five-year partnership with Silverstone, expanding its experiential marketing presence and potentially strengthening consumer engagement across its brands. PepsiCo Silverstone partnership
• Positive Sentiment: The company is expanding into refrigerated meals with a chilled soup offering, giving PepsiCo another avenue for growth beyond snacks and beverages. PepsiCo refrigerated meals expansion
• Positive Sentiment: PepsiCo is identifying an underserved opportunity in women’s sports nutrition, which could support future innovation and category expansion if translated into new products. PepsiCo women’s sports nutrition opportunity
• Neutral Sentiment: PepsiCo is refreshing established brands, including a new Tostitos look and a planned Quaker redesign. The changes could improve relevance, but their financial impact is not yet clear. PepsiCo brand redesigns
• Neutral Sentiment: PepsiCo India removed the word “energy” from Sting packaging ahead of an Indian food-safety deadline. Compliance reduces regulatory risk, although the labeling change could affect the product’s positioning. PepsiCo Sting packaging change
• Negative Sentiment: Commentary on the health-conscious beverage market says Coca-Cola has adapted more effectively than PepsiCo, raising concerns about PepsiCo’s competitive position in a strategically important category. Coca-Cola and PepsiCo health trend comparison
• Negative Sentiment: 7-Eleven launched a $1.99 private-label soda line, increasing price competition for branded soft-drink suppliers such as PepsiCo. 7-Eleven private-label soda launch

Insider Buying and Selling at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $139.10 on Wednesday. The stock has a market capitalization of $189.86 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 3.07 and a beta of 0.35. The firm’s 50-day moving average price is $140.92 and its two-hundred day moving average price is $151.00. 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.

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 net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 4.3%. PepsiCo’s dividend payout ratio (DPR) is 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.