PepsiCo, Inc. $PEP Shares Acquired by Simplicity Wealth LLC

Simplicity Wealth LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 32.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,816 shares of the company’s stock after purchasing an additional 5,643 shares during the period. Simplicity Wealth LLC’s holdings in PepsiCo were worth $3,089,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd boosted its holdings in shares of PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after buying an additional 42,335 shares in the last quarter. National Pension Service lifted its position in PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock valued at $451,218,000 after acquiring an additional 77,051 shares during the last quarter. Allstate Corp boosted its stake in PepsiCo by 108.1% in the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after acquiring an additional 54,405 shares in the last quarter. First Nebraska Trust Co purchased a new position in shares of PepsiCo during the first quarter worth about $10,782,000. Finally, Knights of Columbus Asset Advisors LLC increased its position in shares of PepsiCo by 90.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock worth $13,584,000 after purchasing an additional 44,824 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $143.48 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The firm has a market cap of $195.83 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.15 and a beta of 0.35. The firm’s fifty day moving average price is $140.02 and its 200 day moving average price is $150.26. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The company 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. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Citigroup cut PepsiCo from a “buy” rating to a “neutral” rating and decreased their target price for the company from $170.00 to $145.00 in a research report on Friday, July 10th. Piper Sandler set a $176.00 price objective on PepsiCo in a research note on Thursday, July 9th. Bank of America lowered their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Morgan Stanley cut their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Finally, Rothschild & Co Redburn increased their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $157.90.

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.