Midwest Trust Co Purchases 17,816 Shares of PepsiCo, Inc. $PEP

Midwest Trust Co grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.9% in the first quarter, HoldingsChannel.com reports. The fund owned 382,857 shares of the company’s stock after buying an additional 17,816 shares during the period. Midwest Trust Co’s holdings in PepsiCo were worth $59,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Vanguard Group Inc. grew its holdings in PepsiCo by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock worth $19,875,205,000 after purchasing an additional 1,612,652 shares during the period. State Street Corp raised its stake in PepsiCo by 1.8% in the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after buying an additional 1,079,970 shares during the period. Auto Owners Insurance Co lifted its position in shares of PepsiCo by 14,857.8% in the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after buying an additional 48,923,629 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of PepsiCo by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock valued at $4,814,835,000 after buying an additional 360,936 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 1.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock worth $4,031,646,000 after acquiring an additional 295,955 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

PepsiCo stock traded down $0.48 during midday trading on Friday, hitting $137.38. The company’s stock had a trading volume of 9,071,253 shares, compared to its average volume of 9,517,085. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.72. The company has a market cap of $187.77 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 2.77 and a beta of 0.36. PepsiCo, Inc. has a 1-year low of $133.75 and a 1-year high of $171.48. The company has a 50-day moving average price of $145.42 and a two-hundred day moving average price of $151.46.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 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 company had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. During the same period last year, the firm earned $0.92 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.59 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a $1.48 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.3%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is presently 92.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PEP shares. Barclays dropped their price target on PepsiCo from $144.00 to $138.00 and set an “equal weight” rating on the stock in a research note on Friday. Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a report on Friday. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $170.00 to $145.00 in a research report on Friday. Morgan Stanley cut their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Evercore set a $150.00 price target on shares of PepsiCo in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.70.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s Q2 revenue topped Wall Street estimates, supported by stronger international growth and improved volumes in some markets.
• Positive Sentiment: The company reaffirmed its full-year guidance, which can help reassure investors that the turnaround plan is still on track.
• Positive Sentiment: PepsiCo’s long dividend track record remains a draw for income investors, with the company continuing its streak of annual increases.
• Neutral Sentiment: Several firms, including RBC, TD Cowen, Wells Fargo, Citi, and others, lowered price targets after the report, but most still kept neutral or hold-type ratings. Citi Analyst Downgrades PepsiCo Stock (PEP) Despite Q2 Beat, Slashes Target by 15%
• Neutral Sentiment: Analysts remain split between PepsiCo’s dividend/stability appeal and concerns about valuation, margin pressure, and a slow U.S. recovery. PepsiCo’s $200 Billion Stability Play Is Attracting Dividend Investors
• Negative Sentiment: Investors are worried that soft North American snack and beverage demand, plus higher commodity and fuel costs, could keep earnings momentum muted.
• Negative Sentiment: Media coverage compared PepsiCo unfavorably with Coca-Cola, highlighting market-share pressure and a more difficult turnaround narrative for PEP shares.

PepsiCo 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.