PepsiCo, Inc. $PEP Shares Sold by Welch & Forbes LLC

Welch & Forbes LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.1% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 415,977 shares of the company’s stock after selling 13,196 shares during the quarter. Welch & Forbes LLC’s holdings in PepsiCo were worth $64,597,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo during the fourth quarter valued at $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo during the 4th quarter worth about $28,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo during the 4th quarter valued at about $29,000. Imprint Wealth LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $31,000. Finally, Networth Advisors LLC lifted its holdings in shares of PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $0.48 on Friday, reaching $137.38. The company’s stock had a trading volume of 9,071,253 shares, compared to its average volume of 9,517,085. PepsiCo, Inc. has a 52-week low of $133.75 and a 52-week high of $171.48. The company has a market capitalization of $187.77 billion, a P/E ratio of 18.01, a PEG ratio of 2.77 and a beta of 0.36. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The stock has a 50-day moving average price of $145.42 and a 200-day moving average price of $151.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts expect that PepsiCo, Inc. will post 8.59 EPS for the current year.

PepsiCo Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the company. Citigroup lowered PepsiCo from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $145.00 in a report on Friday. Rothschild & Co Redburn upped their price objective on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. 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 report on Friday. Barclays lowered their price target on shares of PepsiCo from $144.00 to $138.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $157.70.

Trending Headlines about PepsiCo

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.