OneAscent Financial Services LLC Takes Position in PepsiCo, Inc. $PEP

OneAscent Financial Services LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,924 shares of the company’s stock, valued at approximately $802,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Evergreen Advisors LLC purchased a new position in shares of PepsiCo during the 1st quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in PepsiCo in the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new position in PepsiCo in the fourth quarter valued at about $28,000. Atlatl Advisers LLC purchased a new position in PepsiCo during the second quarter worth about $31,000. Finally, Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the third quarter valued at about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup downgraded shares of PepsiCo from a “buy” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $145.00 in a research note on Friday, July 10th. Rothschild & Co Redburn lifted their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Monday, July 6th. Jefferies Financial Group dropped their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research note on Friday, July 10th. Finally, Barclays increased their target price on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $157.90.

Insider Transactions at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the transaction, the executive vice president owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

PepsiCo Price Performance

PepsiCo stock opened at $139.72 on Friday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The firm has a market cap of $190.70 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35. The company’s 50 day moving average is $139.87 and its two-hundred day moving average is $149.57.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $23.95 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. The company’s quarterly 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. On average, research analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

About PepsiCo

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.