HighTower Advisors LLC Buys 60,075 Shares of PepsiCo, Inc. $PEP

HighTower Advisors LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,756,348 shares of the company’s stock after buying an additional 60,075 shares during the period. HighTower Advisors LLC owned 0.28% of PepsiCo worth $508,610,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PEP. Brighton Jones LLC raised its holdings in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new position in shares of PepsiCo in the first quarter valued at $251,000. Sivia Capital Partners LLC grew its holdings in shares of PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after buying an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. increased its position in shares of PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. raised its holdings in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock worth $70,789,000 after acquiring an additional 167,707 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PEP shares. Rothschild & Co Redburn lifted their price target on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Royal Bank Of Canada lowered their price objective on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Morgan Stanley dropped their target price on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Jefferies Financial Group decreased their price target on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $157.90.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the business’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 transaction, the executive vice president owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

PepsiCo Stock Up 1.0%

PepsiCo stock opened at $143.48 on Friday. 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. The firm’s 50-day simple moving average is $140.02 and its 200 day simple moving average is $150.30. The stock has a market cap of $195.83 billion, a PE ratio of 18.80, a price-to-earnings-growth ratio of 3.15 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 firm had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the business posted $0.92 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is presently 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.