Patron Partners LLC Acquires New Position in PepsiCo, Inc. $PEP

Patron Partners LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, Holdings Channel reports. The institutional investor bought 9,892 shares of the company’s stock, valued at approximately $1,339,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PEP. Evergreen Advisors LLC bought a new stake in shares of PepsiCo in the 1st quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of PepsiCo during the 4th quarter valued at $26,000. Swiss RE Ltd. purchased a new position in PepsiCo in the 4th quarter worth $28,000. Atlatl Advisers LLC bought a new stake in PepsiCo in the second quarter worth $31,000. Finally, Imprint Wealth LLC purchased a new stake in PepsiCo during the third quarter valued at about $31,000. 73.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction on Monday, July 27th. The shares were 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 in the company, valued at $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is owned by insiders.

PepsiCo Stock Down 1.7%

NASDAQ PEP opened at $139.72 on Friday. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48. The stock has a market capitalization of $190.70 billion, a PE ratio of 18.31, a PEG ratio of 3.12 and a beta of 0.35. 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 business’s 50-day moving average is $139.87 and its 200 day moving average is $149.57.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS 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%.PepsiCo’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid 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 yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is presently 77.59%.

Analyst Ratings Changes

PEP has been the topic of several analyst reports. Royal Bank Of Canada decreased their price objective on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. TD Cowen reduced their price target on PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a research report on Friday, July 10th. Sanford C. Bernstein set a $134.00 price target on PepsiCo in a research note on Friday, July 10th. Wells Fargo & Company lowered their price objective on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus 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.