3,100 Shares in PepsiCo, Inc. $PEP Bought by Ibex Investors LLC

Ibex Investors LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,100 shares of the company’s stock, valued at approximately $435,000. PepsiCo accounts for approximately 0.4% of Ibex Investors LLC’s portfolio, making the stock its 10th largest holding.

A number of other institutional investors have also made changes to their positions in PEP. Evolution Wealth Management Inc. bought a new position in PepsiCo in the 2nd quarter worth approximately $27,000. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo in the third quarter worth $27,000. Vermillion & White Wealth Management Group LLC increased its position in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Halbert Hargrove Global Advisors LLC raised its stake in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares during the last quarter. Finally, Frazier Financial Advisors LLC grew its position in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PEP shares. Morgan Stanley upped their price objective on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Rothschild & Co Redburn upped their price target on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a report on Tuesday. Piper Sandler lifted their price objective on PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. UBS Group restated a “buy” rating and set a $190.00 price objective on shares of PepsiCo in a research report on Wednesday, February 4th. Finally, Evercore ISI raised their target price on PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $167.68.

PepsiCo Price Performance

Shares of PEP stock opened at $166.97 on Wednesday. The stock’s fifty day simple moving average is $148.36 and its 200 day simple moving average is $146.63. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $170.75. The firm has a market cap of $228.19 billion, a price-to-earnings ratio of 27.83, a P/E/G ratio of 3.18 and a beta of 0.40. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. During the same period last year, the business earned $1.96 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.4%. PepsiCo’s payout ratio is 94.83%.

PepsiCo declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.