Fairtree Asset Management Pty Ltd Invests $1.41 Million in PepsiCo, Inc. $PEP

Fairtree Asset Management Pty Ltd bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, HoldingsChannel reports. The firm bought 10,412 shares of the company’s stock, valued at approximately $1,410,000.

Several other large investors have also modified their holdings of the stock. Evergreen Advisors LLC acquired a new stake in PepsiCo during the first quarter valued at approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $26,000. Swiss RE Ltd. bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Atlatl Advisers LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at approximately $31,000. Finally, Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $31,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $139.72 on Friday. The firm has a fifty day moving average of $139.87 and a 200-day moving average of $149.57. The company has a market cap of $190.70 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. PepsiCo, Inc. has a 1 year low of $133.73 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm 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 dividend of $1.48 per share. 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%.

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Citigroup downgraded shares of PepsiCo from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $170.00 to $145.00 in a report on Friday, July 10th. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Jefferies Financial Group decreased their price target on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. BNP Paribas Exane dropped their price objective on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Piper Sandler set a $176.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $157.90.

PepsiCo Company 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.