Old North State Trust LLC Purchases New Stake in PepsiCo, Inc. $PEP

Old North State Trust LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,992 shares of the company’s stock, valued at approximately $541,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PEP. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo in the first quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new position in PepsiCo in the 4th quarter valued at approximately $28,000. Atlatl Advisers LLC purchased a new stake in PepsiCo in the 2nd quarter worth approximately $31,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of PepsiCo during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

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 shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

PepsiCo Stock Down 0.5%

Shares of PEP stock opened at $140.34 on Tuesday. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The firm has a market cap of $191.55 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35. The stock has a 50 day moving average of $139.85 and a 200-day moving average of $149.20.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (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 for the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter last year, the company posted $0.92 earnings per share. PepsiCo’s quarterly revenue 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 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. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PEP shares. Evercore set a $150.00 price objective on PepsiCo in a report on Thursday, July 9th. UBS Group set a $159.00 target price on PepsiCo in a research report on Thursday, July 9th. Rothschild & Co Redburn raised their price target on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $155.00 price target on PepsiCo in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. dropped their price objective on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Seven 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, the stock currently has an average rating of “Hold” and an average target price 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.