OneAscent Wealth Management LLC Takes $636,000 Position in PepsiCo, Inc. $PEP

OneAscent Wealth Management LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, HoldingsChannel reports. The fund bought 4,694 shares of the company’s stock, valued at approximately $636,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Evergreen Advisors LLC acquired a new stake in PepsiCo during the first quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Networth Advisors LLC boosted its position in shares of PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Finally, Vermillion Wealth Management Inc. boosted its position in shares of PepsiCo by 99.1% during the 1st quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on PepsiCo in a research note on Friday, July 10th. Rothschild & Co Redburn upped their price objective on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Citigroup lowered PepsiCo from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $145.00 in a research note on Friday, July 10th. Finally, TD Cowen lowered their target price on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $157.90.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $139.72 on Friday. The firm has a market capitalization of $190.70 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 3.12 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $139.87 and its 200-day moving average price is $149.57. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the business earned $0.92 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

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

PepsiCo Company 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.