HighTower Advisors LLC Grows Stake in PepsiCo, Inc. $PEP

HighTower Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,756,348 shares of the company’s stock after acquiring an additional 60,075 shares during the period. HighTower Advisors LLC’s holdings in PepsiCo were worth $508,610,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Evergreen Advisors LLC bought a new stake in shares of PepsiCo in the first quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of PepsiCo during the 4th quarter worth $26,000. Swiss RE Ltd. purchased a new stake in PepsiCo in the 4th quarter worth about $28,000. Atlatl Advisers LLC bought a new stake in PepsiCo in the 2nd quarter valued at about $31,000. Finally, Imprint Wealth LLC bought a new stake in PepsiCo in the 3rd quarter valued at about $31,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PEP shares. Wells Fargo & Company cut their target price on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Citigroup downgraded shares of PepsiCo from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $170.00 to $145.00 in a report on Friday, July 10th. Bank of America reduced their price objective on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a report on Friday, July 10th. Seven 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.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $157.90.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Up 1.0%

PEP stock opened at $143.48 on Friday. The stock has a 50-day simple moving average of $140.02 and a two-hundred day simple moving average of $150.30. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The firm has a market capitalization of $195.83 billion, a PE ratio of 18.80, a PEG ratio of 3.15 and a beta of 0.35. 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 (NASDAQ:PEP) last announced its quarterly earnings results 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 net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.1%. PepsiCo’s dividend 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.