Waverly Advisors LLC Has $27.05 Million Stock Position in PepsiCo, Inc. $PEP

Waverly Advisors LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% in the second quarter, Holdings Channel.com reports. The institutional investor owned 199,811 shares of the company’s stock after buying an additional 5,206 shares during the period. Waverly Advisors LLC’s holdings in PepsiCo were worth $27,054,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Empirical Finance LLC lifted its stake in PepsiCo by 3.5% in the second quarter. Empirical Finance LLC now owns 47,726 shares of the company’s stock valued at $6,462,000 after buying an additional 1,600 shares in the last quarter. Nykredit A S bought a new position in PepsiCo during the 2nd quarter worth about $51,799,000. VELA Investment Management LLC raised its stake in shares of PepsiCo by 3.6% in the 2nd quarter. VELA Investment Management LLC now owns 34,544 shares of the company’s stock valued at $4,677,000 after purchasing an additional 1,201 shares during the period. Principia Wealth Advisory LLC lifted its holdings in shares of PepsiCo by 743.7% in the second quarter. Principia Wealth Advisory LLC now owns 869 shares of the company’s stock valued at $118,000 after purchasing an additional 766 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of PepsiCo by 1.6% in the second quarter. HighTower Advisors LLC now owns 3,756,348 shares of the company’s stock valued at $508,610,000 after purchasing an additional 60,075 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on PEP. Citigroup cut 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. Piper Sandler set a $176.00 price objective on shares of PepsiCo in a research report on Thursday, July 9th. Morgan Stanley decreased their target price on shares of PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research report on Friday, July 10th. Evercore set a $150.00 price target on shares of PepsiCo in a research report on Thursday, July 9th. Finally, Bank of America decreased their price objective on PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.90.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.82 during trading on Tuesday, hitting $138.45. 10,086,062 shares of the stock were exchanged, compared to its average volume of 7,808,609. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The company has a fifty day moving average price of $139.74 and a 200-day moving average price of $148.07. The stock has a market capitalization of $188.97 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.90 and a beta of 0.35. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48.

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

PepsiCo Announces Dividend

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. This represents a $5.92 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio is 77.59%.

Insider Buying and Selling

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

Key Headlines Impacting PepsiCo

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 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.