Strive Financial Group LLC Cuts Stock Position in PepsiCo, Inc. $PEP

Strive Financial Group LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 76.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,878 shares of the company’s stock after selling 9,230 shares during the period. Strive Financial Group LLC’s holdings in PepsiCo were worth $390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Brighton Jones LLC boosted its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Caxton Associates LLP bought a new position in shares of PepsiCo during the first quarter valued at about $251,000. Sivia Capital Partners LLC lifted its stake in shares of PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. boosted its position in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after buying an additional 3,502 shares during the period. Finally, Sei Investments Co. increased its position in shares of PepsiCo by 45.5% in the second quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after acquiring an additional 167,707 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.4%

PEP opened at $142.08 on Friday. 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 52 week low of $133.73 and a 52 week high of $171.48. The stock has a market cap of $193.92 billion, a PE ratio of 18.62, a PEG ratio of 3.13 and a beta of 0.35. The business has a 50 day moving average of $140.03 and a 200-day moving average of $150.34.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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. The company had revenue of $24.18 billion for 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. TD Cowen reduced their price target on PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Royal Bank Of Canada dropped their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a report on Friday, July 10th. Finally, Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $157.90.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the sale, 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 legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.

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.