Coastal Bridge Advisors LLC Makes New Investment in PepsiCo, Inc. $PEP

Coastal Bridge Advisors LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, HoldingsChannel reports. The fund acquired 38,019 shares of the company’s stock, valued at approximately $5,148,000.

Several other institutional investors also recently modified their holdings of the company. Jefferies Financial Group Inc. bought a new stake in PepsiCo in the second quarter valued at approximately $2,372,000. Public Employees Retirement System of Ohio bought a new position in shares of PepsiCo during the 2nd quarter worth approximately $70,252,000. MASTERINVEST Kapitalanlage GmbH acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $10,809,000. Triton Financial Group Inc bought a new stake in PepsiCo in the 2nd quarter valued at $1,112,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in PepsiCo during the 2nd quarter valued at $132,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on PEP. TD Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research report on Friday. Bank of America cut their target price on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Royal Bank Of Canada reduced their target price on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. Evercore set a $150.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. Finally, Barclays raised their price objective on shares of 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 assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $157.90.

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

PepsiCo Stock Down 0.5%

PEP stock opened at $140.34 on Tuesday. 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 current ratio of 0.93 and a quick ratio of 0.74. The stock has a market capitalization of $191.55 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 3.10 and a beta of 0.35. The business’s fifty day moving average price is $139.85 and its two-hundred day moving average price is $149.20.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. During the same quarter in the previous year, the business posted $0.92 earnings per share. PepsiCo’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. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio is presently 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.