Sequoia Financial Advisors LLC Has $15.70 Million Holdings in PepsiCo, Inc. $PEP

Sequoia Financial Advisors LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 115,964 shares of the company’s stock after selling 4,389 shares during the period. Sequoia Financial Advisors LLC’s holdings in PepsiCo were worth $15,702,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. California State Teachers Retirement System boosted its position in PepsiCo by 13,502.8% during the second quarter. California State Teachers Retirement System now owns 285,677,210 shares of the company’s stock valued at $38,680,694,000 after acquiring an additional 283,577,075 shares during the last quarter. BlackRock Inc. lifted its stake in shares of PepsiCo by 2.1% in the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock valued at $16,015,363,000 after purchasing an additional 2,440,377 shares during the period. State Street Corp boosted its position in shares of PepsiCo by 1.8% during the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after purchasing an additional 1,079,970 shares in the last quarter. Auto Owners Insurance Co grew its stake in PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after purchasing an additional 48,923,629 shares during the period. Finally, Geode Capital Management LLC increased its holdings in PepsiCo by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock worth $4,814,835,000 after purchasing an additional 360,936 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP opened at $136.65 on Friday. The firm has a market capitalization of $186.51 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.88 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 stock has a 50 day moving average price of $139.50 and a two-hundred day moving average price of $147.68. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion for 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 for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the company 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 fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 4.3%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.

Analysts Set New Price Targets

Several analysts have recently commented on PEP shares. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research report on Friday, July 10th. Piper Sandler set a $176.00 target price on shares of PepsiCo in a research note on Thursday, July 9th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. Barclays raised their target price on PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Wells Fargo & Company dropped their price target on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $157.90.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Expansion in India: PepsiCo India opened a potato-chip manufacturing facility in Assam backed by approximately ₹778 crore ($90 million) of investment. The plant is expected to support local sourcing, expand production capacity and strengthen PepsiCo’s position in one of its key growth markets. PepsiCo India opens first food factory in Assam
• Positive Sentiment: India growth ambitions: Management reportedly views India as an increasingly important market and is targeting a place among PepsiCo’s 10 largest global markets. This could offer a longer-term growth avenue as the company expands local manufacturing and distribution. PepsiCo bullish on India
• Positive Sentiment: Efficiency and marketing focus: PepsiCo’s growth plan emphasizes automation, cost reduction and increased advertising. Successful execution could help offset input-cost pressures and improve margins, while recent beverage partnerships, product launches and sports marketing may support demand. PepsiCo’s plan to accelerate growth
• Neutral Sentiment: Income appeal: Commentary highlighting PepsiCo’s dividend yield and long record of annual increases may attract value and income investors, although it is opinion-based rather than a new company announcement. PepsiCo’s latest reported quarter showed revenue growth and slightly better-than-expected earnings.
• Neutral Sentiment: Limited near-term catalysts: New seasonal flavors, restaurant distribution partnerships and a Flamin’ Hot food collaboration add brand visibility but are unlikely to materially change near-term financial results. The reported short-interest data showed zero shares and appears unreliable.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company headquartered in Purchase, New York. Its portfolio includes carbonated soft drinks, sports drinks, bottled water, juices, ready-to-drink beverages, snack foods and convenient foods. Major brands include Pepsi, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker and SodaStream.

The company sells products through a broad range of channels, including grocery stores, convenience stores, restaurants, food-service providers, vending operations and e-commerce platforms.