PepsiCo, Inc. $PEP Position Increased by Jennison Associates LLC

Jennison Associates LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 58.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 838,558 shares of the company’s stock after purchasing an additional 309,429 shares during the quarter. Jennison Associates LLC owned approximately 0.06% of PepsiCo worth $113,541,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Ranch Capital Advisors Inc. lifted its stake in PepsiCo by 9.9% in the second quarter. Ranch Capital Advisors Inc. now owns 15,007 shares of the company’s stock valued at $2,032,000 after buying an additional 1,348 shares during the last quarter. VELA Investment Management LLC grew its position in shares of PepsiCo by 3.6% during the second quarter. VELA Investment Management LLC now owns 34,544 shares of the company’s stock worth $4,677,000 after acquiring an additional 1,201 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its position in shares of PepsiCo by 21.4% during the second quarter. Lester Murray Antman dba SimplyRich now owns 6,285 shares of the company’s stock worth $851,000 after acquiring an additional 1,109 shares during the last quarter. Van Strum & Towne Inc. increased its holdings in shares of PepsiCo by 1.7% in the 2nd quarter. Van Strum & Towne Inc. now owns 40,752 shares of the company’s stock worth $5,518,000 after acquiring an additional 697 shares during the period. Finally, Petra Financial Advisors Inc. lifted its position in PepsiCo by 11.6% in the 2nd quarter. Petra Financial Advisors Inc. now owns 2,217 shares of the company’s stock valued at $300,000 after purchasing an additional 230 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on PEP. Jefferies Financial Group decreased their target price on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Barclays boosted their price objective on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company decreased their price objective on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on PepsiCo in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reduced their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $157.90.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction that occurred 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 directly owned 74,825 shares in the company, valued at $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s status as a long-standing dividend payer continues to attract income-focused investors. Its yield is described as more than four times that of the S&P 500, providing support while the stock trades well below its 52-week high. Meet the Dividend King Stock That Yields More Than Quadruple the S&P 500
• Positive Sentiment: A reported global review of PepsiCo’s marketing operations could expand the use of artificial intelligence, potentially improving advertising efficiency, consumer targeting and cost control. PepsiCo reportedly launches global AI marketing transformation review
• Positive Sentiment: PepsiCo reported increased recycled content in its plastic packaging, a development that may improve its sustainability profile and help address regulatory and consumer pressure on packaging waste. PepsiCo reports increase in recycled content for plastic packaging
• Neutral Sentiment: Brand refreshes, new products and value offerings are intended to rebuild consumer momentum, but analysts expect any recovery to be gradual because of softer North American demand. PepsiCo’s Brand Refresh: Is it Enough to Win Back Consumers?
• Negative Sentiment: Ferrero’s acquisition activity is increasing competitive pressure across packaged foods and snacks, placing PepsiCo’s brands on notice and potentially raising the need for additional investment. Ferrero’s M&A moves put General Mills, Post, and PepsiCo on notice
• Negative Sentiment: Reporting that PepsiCo paid $237 million to Russia last year despite previously saying it would leave the country creates reputational, geopolitical and potential regulatory concerns. PepsiCo said it would leave Russia

PepsiCo Stock Up 1.4%

Shares of PEP stock opened at $140.13 on Wednesday. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year 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 business’s fifty day moving average is $140.10 and its 200-day moving average is $150.47. The stock has a market cap of $191.26 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 3.09 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal 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. 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 payout ratio is currently 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.