Arizona State Retirement System Buys 4,625 Shares of PepsiCo, Inc. $PEP

Arizona State Retirement System boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 379,252 shares of the company’s stock after acquiring an additional 4,625 shares during the quarter. Arizona State Retirement System’s holdings in PepsiCo were worth $51,351,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in PEP. Evergreen Advisors LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at approximately $25,000. Montgomery Financial Services LLC bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo in the 4th quarter valued at $26,000. Swiss RE Ltd. bought a new stake in PepsiCo in the fourth quarter valued at $28,000. Finally, Atlatl Advisers LLC bought a new stake in PepsiCo in the second quarter valued at $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PEP shares. Bank of America lowered their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a report on Thursday, June 25th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Monday, July 6th. Evercore set a $150.00 price objective on shares of PepsiCo in a report on Thursday, July 9th. BNP Paribas Exane cut their target price 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, Barclays increased their price target on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. Seven investment 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.90.

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the transaction, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale 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 company insiders.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s global convenient-foods business posted 3% organic volume growth in the second quarter, supported by international demand, product innovation and affordable snack offerings. This suggests the company’s core snack portfolio is still generating momentum despite broader category concerns. PepsiCo’s Snack Portfolio: What’s Driving Volume Gains?
• Positive Sentiment: PepsiCo is targeting a roughly $271 billion fresh-food opportunity as consumers using GLP-1 medications increasingly seek higher-protein, higher-fiber and less-processed foods. Expansion beyond traditional salty snacks could help offset potential pressure on snack demand. GLP-1 Drugs Are Pushing PepsiCo Into a New $271 Billion Market
• Positive Sentiment: An investment analysis describes PepsiCo as an potentially undervalued dividend company, which may appeal to income-focused investors following the stock’s prolonged underperformance. PepsiCo: An Undervalued Dividend Machine Worth A Second Look

PepsiCo Trading Up 0.6%

PEP traded up $0.82 during trading on Tuesday, reaching $138.45. 10,086,062 shares of the company’s stock were exchanged, compared to its average volume of 7,808,609. The company’s fifty day moving average price is $139.68 and its 200-day moving average price is $148.26. The firm has a market capitalization of $188.97 billion, a PE ratio of 18.15, a P/E/G ratio of 2.90 and a beta of 0.35. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. 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 (NASDAQ:PEP) last released its earnings results 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 analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.57 EPS 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 paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

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.