USA Financial Formulas Purchases New Position in PepsiCo, Inc. $PEP

USA Financial Formulas acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 4,354 shares of the company’s stock, valued at approximately $676,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Evergreen Advisors LLC acquired a new stake in shares of PepsiCo during the 1st quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $28,000. Atlatl Advisers LLC bought a new stake in shares of PepsiCo during the second quarter worth about $31,000. Finally, Imprint Wealth LLC acquired a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on PEP. Bank of America cut their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. BNP Paribas Exane dropped 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, July 8th. Evercore set a $150.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Jefferies Financial Group reduced their price objective on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Finally, Morgan Stanley lowered their target price on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.90.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was 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 in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Up 1.0%

Shares of NASDAQ PEP opened at $143.48 on Friday. The company has a market capitalization of $195.83 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The company’s 50 day moving average price is $140.02 and its 200-day moving average price is $150.30.

PepsiCo (NASDAQ:PEP) last announced 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 business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts forecast 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. Stockholders of record on Friday, September 4th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s payout ratio is currently 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.