Proficio Capital Partners LLC Takes Position in PepsiCo, Inc. $PEP

Proficio Capital Partners LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, HoldingsChannel reports. The fund acquired 5,812 shares of the company’s stock, valued at approximately $787,000.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Capital Management Inc. bought a new stake in PepsiCo during the 2nd quarter valued at $4,380,000. Pure Financial Advisors LLC bought a new position in shares of PepsiCo in the 2nd quarter worth $3,724,000. Transamerica Financial Advisors LLC purchased a new stake in shares of PepsiCo during the 2nd quarter worth $1,073,000. Corient Private Wealth LP bought a new stake in PepsiCo during the second quarter valued at about $297,116,000. Finally, Perennial Investment Advisors LLC purchased a new position in PepsiCo in the second quarter valued at about $1,537,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the stock in a transaction 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 sale, the executive vice president directly 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 SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

PepsiCo Trading Down 0.5%

Shares of PepsiCo stock opened at $140.34 on Tuesday. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48. 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 stock 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 firm has a fifty day moving average price of $139.85 and a 200 day moving average price of $149.20.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. 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 dividend payout ratio (DPR) is presently 77.59%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Monday, July 6th. Royal Bank Of Canada reduced their price target on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a research report on Friday, July 10th. Jefferies Financial Group lowered their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Finally, Bank of America reduced their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Seven equities 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.