PepsiCo, Inc. $PEP Shares Sold by Parr Mcknight Wealth Management Group LLC

Parr Mcknight Wealth Management Group LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 37.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 20,309 shares of the company’s stock after selling 12,089 shares during the quarter. Parr Mcknight Wealth Management Group LLC’s holdings in PepsiCo were worth $2,750,000 at the end of the most recent reporting period.

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

PepsiCo Trading Up 1.0%

Shares of NASDAQ:PEP opened at $143.48 on Friday. 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 stock has a market capitalization of $195.83 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.12 and a beta of 0.35. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48. The company has a 50 day moving average price of $140.02 and a 200 day moving average price of $150.30.

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

PepsiCo Dividend Announcement

The business 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. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PEP shares. BNP Paribas Exane decreased their price objective on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 8th. Evercore set a $150.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Sanford C. Bernstein set a $134.00 target price on shares of PepsiCo in a research report on Friday, July 10th. Piper Sandler set a $176.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.90.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the business’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 approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

PepsiCo 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.