Strive Financial Group LLC Reduces Stake in PepsiCo, Inc. $PEP

Strive Financial Group LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 76.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,878 shares of the company’s stock after selling 9,230 shares during the period. Strive Financial Group LLC’s holdings in PepsiCo were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares 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 purchased a new stake in PepsiCo in the 4th quarter worth about $26,000. Swiss RE Ltd. bought a new stake in PepsiCo in the 4th quarter valued at about $28,000. Atlatl Advisers LLC purchased a new stake in PepsiCo during the second quarter valued at about $31,000. Finally, Imprint Wealth LLC bought a new position in PepsiCo during the third quarter worth about $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares in the company, valued at $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 SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

PepsiCo Trading Down 0.4%

PepsiCo stock opened at $142.08 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. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The stock has a market cap of $193.92 billion, a P/E ratio of 18.62, a PEG ratio of 3.13 and a beta of 0.35. The firm’s fifty day moving average price is $140.03 and its 200-day moving average price is $150.34.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion during 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 firm’s quarterly revenue 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 research analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Wells Fargo & Company dropped their target price on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. UBS Group set a $159.00 price target on PepsiCo in a research report on Thursday, July 9th. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a report on Friday, July 10th. Finally, Morgan Stanley reduced their target price on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Seven research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.90.

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.