Oppenheimer Asset Management Inc. Has $26.52 Million Holdings in PepsiCo, Inc. $PEP

Oppenheimer Asset Management Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 195,871 shares of the company’s stock after selling 7,290 shares during the period. Oppenheimer Asset Management Inc.’s holdings in PepsiCo were worth $26,521,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Bryn Mawr Trust Advisors LLC grew its stake in PepsiCo by 0.9% during the 2nd quarter. Bryn Mawr Trust Advisors LLC now owns 53,090 shares of the company’s stock valued at $7,188,000 after acquiring an additional 482 shares in the last quarter. Osprey Private Wealth LLC lifted its position in PepsiCo by 7.6% in the 2nd quarter. Osprey Private Wealth LLC now owns 45,580 shares of the company’s stock worth $6,172,000 after buying an additional 3,218 shares in the last quarter. Massachusetts Wealth Management boosted its stake in shares of PepsiCo by 1.2% during the 2nd quarter. Massachusetts Wealth Management now owns 14,205 shares of the company’s stock valued at $1,923,000 after buying an additional 175 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of PepsiCo by 0.3% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 134,268 shares of the company’s stock valued at $18,180,000 after acquiring an additional 462 shares in the last quarter. Finally, Wallace Advisory Group LLC increased its stake in shares of PepsiCo by 52.6% in the second quarter. Wallace Advisory Group LLC now owns 2,632 shares of the company’s stock worth $356,000 after acquiring an additional 907 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on PEP shares. Jefferies Financial Group reduced their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Citigroup lowered PepsiCo from a “buy” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $145.00 in a report on Friday, July 10th. Sanford C. Bernstein set a $134.00 price target on shares of PepsiCo in a research note on Friday, July 10th. Morgan Stanley dropped their price target on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday, July 10th. Finally, Evercore set a $150.00 price objective 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $157.90.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction on 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 directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $142.58 on Thursday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The firm’s 50-day moving average is $140.07 and its 200-day moving average is $150.43. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a market cap of $194.61 billion, a price-to-earnings ratio of 18.69, a PEG ratio of 3.08 and a beta of 0.35.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s payout ratio is currently 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.