Longfellow Investment Management Co. LLC Purchases 6,509 Shares of PepsiCo, Inc. $PEP

Longfellow Investment Management Co. LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 141.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,110 shares of the company’s stock after purchasing an additional 6,509 shares during the quarter. Longfellow Investment Management Co. LLC’s holdings in PepsiCo were worth $1,504,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of PepsiCo by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after buying an additional 1,612,652 shares in the last quarter. State Street Corp grew its stake in PepsiCo by 1.8% in the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after buying an additional 1,079,970 shares in the last quarter. Auto Owners Insurance Co raised its holdings in PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after acquiring an additional 48,923,629 shares during the period. Geode Capital Management LLC lifted its position in shares of PepsiCo by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock worth $4,814,835,000 after acquiring an additional 360,936 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock worth $4,031,646,000 after acquiring an additional 295,955 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP opened at $143.48 on Monday. The firm has a market capitalization of $195.83 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 3.15 and a beta of 0.35. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. The company has a fifty day moving average price of $140.02 and a 200-day moving average price of $150.26. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74.

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, topping analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter last year, the business posted $0.92 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal 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 given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is 77.59%.

Insider Activity at PepsiCo

In other 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 completion of the transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reduced their price target on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, July 10th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Piper Sandler set a $176.00 target price on PepsiCo in a report on Thursday, July 9th. Evercore set a $150.00 price target on PepsiCo in a research report on Thursday, July 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.90.

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.