32,349 Shares in PepsiCo, Inc. $PEP Bought by Stonebridge Capital Management Inc.

Stonebridge Capital Management Inc. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 32,349 shares of the company’s stock, valued at approximately $4,380,000. PepsiCo accounts for approximately 2.1% of Stonebridge Capital Management Inc.’s holdings, making the stock its 16th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Auto Owners Insurance Co increased its stake in shares of PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after acquiring an additional 48,923,629 shares during the period. Norges Bank purchased a new stake in PepsiCo in the 4th quarter valued at approximately $3,018,813,000. Bank of America Corp DE acquired a new position in PepsiCo during the 2nd quarter worth approximately $2,755,509,000. Legal & General Group Plc purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $1,200,274,000. Finally, Corient Private Wealth LP acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $297,116,000. 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 stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the sale, the executive vice president owned 74,825 shares of the company’s stock, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Rothschild & Co Redburn upped their price objective on PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Wells Fargo & Company decreased their target price on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Morgan Stanley cut their price target on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Finally, UBS Group set a $159.00 target price on shares of PepsiCo in a research report on Thursday, July 9th. Seven 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.90.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.34 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $191.55 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.35. The firm has a 50-day moving average price of $139.85 and a two-hundred day moving average price of $149.20. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating 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 business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period in the prior year, the business earned $0.92 earnings per share. The company’s quarterly revenue 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, research analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s payout ratio is 77.59%.

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.