WNY Asset Management LLC Makes New Investment in PepsiCo, Inc. $PEP

WNY Asset Management LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,861 shares of the company’s stock, valued at approximately $1,064,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Evergreen Advisors LLC acquired a new position 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 during the 4th quarter worth approximately $26,000. Swiss RE Ltd. bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $28,000. Atlatl Advisers LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $31,000. Finally, Osterweis Capital Management Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $140.34 on Tuesday. The stock has a market cap of $191.55 billion, a P/E ratio of 18.39, a PEG ratio of 3.10 and a beta of 0.35. The stock has a 50 day simple moving average of $139.85 and a 200 day simple moving average of $149.20. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. 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 EPS for the quarter, beating analysts’ consensus estimates 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 revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research 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. Investors of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is 77.59%.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. The trade was a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PEP. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Royal Bank Of Canada cut their price target on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. Finally, Citigroup downgraded shares of PepsiCo from a “buy” rating to a “neutral” rating and cut their target price for the company from $170.00 to $145.00 in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $157.90.

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.