Caisse de depot et placement du Quebec Takes Position in PepsiCo, Inc. $PEP

Caisse de depot et placement du Quebec purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, Holdings Channel reports. The fund purchased 843,376 shares of the company’s stock, valued at approximately $114,193,000.

A number of other institutional investors have also recently bought and sold shares of PEP. Evergreen Advisors LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $26,000. Swiss RE Ltd. purchased a new position in PepsiCo during the fourth quarter valued at approximately $28,000. Networth Advisors LLC grew its position in PepsiCo by 2,857.1% during the first quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after purchasing an additional 200 shares in the last quarter. Finally, Vermillion Wealth Management Inc. increased its stake in PepsiCo by 99.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 217 shares of the company’s stock valued at $34,000 after buying an additional 108 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was 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 owned 74,825 shares in the company, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $140.34 on Tuesday. The firm has a market cap of $191.55 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35. The company’s fifty day moving average is $139.85 and its 200-day moving average is $149.20. 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 12 month low of $133.73 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last released 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 business had revenue of $24.18 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities 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 given a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s payout ratio is currently 77.59%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PEP shares. Piper Sandler set a $176.00 target price on shares of PepsiCo in a research note on Thursday, July 9th. Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. Citigroup cut PepsiCo from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $170.00 to $145.00 in a research report on Friday, July 10th. Barclays boosted 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, UBS Group set a $159.00 target price on PepsiCo in a research report on Thursday, July 9th. Seven equities 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 company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus 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.