PepsiCo, Inc. $PEP Shares Sold by Gateway Wealth Partners LLC

Gateway Wealth Partners LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 52.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,044 shares of the company's stock after selling 10,172 shares during the period. Gateway Wealth Partners LLC's holdings in PepsiCo were worth $1,225,000 as of its most recent SEC filing.

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Several other large investors also recently bought and sold shares of the company. SmartHarvest Portfolios LLC grew its position in shares of PepsiCo by 6.7% during the second quarter. SmartHarvest Portfolios LLC now owns 2,947 shares of the company's stock worth $399,000 after acquiring an additional 184 shares during the last quarter. St. Johns Investment Management Company LLC boosted its position in shares of PepsiCo by 2.1% during the second quarter. St. Johns Investment Management Company LLC now owns 7,651 shares of the company's stock worth $1,036,000 after buying an additional 160 shares during the period. University of Texas Texas AM Investment Management Co. grew its holdings in PepsiCo by 97.4% in the 2nd quarter. University of Texas Texas AM Investment Management Co. now owns 1,530 shares of the company's stock worth $207,000 after buying an additional 755 shares in the last quarter. Old Peak Finance LLC increased its position in PepsiCo by 12.8% in the 2nd quarter. Old Peak Finance LLC now owns 1,722 shares of the company's stock valued at $233,000 after acquiring an additional 196 shares during the period. Finally, Willis Investment Counsel raised its stake in PepsiCo by 4.6% during the 2nd quarter. Willis Investment Counsel now owns 239,514 shares of the company's stock valued at $32,430,000 after acquiring an additional 10,462 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $142.08 on Friday. The company has a 50-day moving average of $140.03 and a 200-day moving average of $150.34. The firm has a market cap of $193.92 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 3.13 and a beta of 0.35. 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 twelve month low of $133.73 and a twelve month high of $171.48.

• PepsiCo’s Dividend Could Turn Patience Into Real Profit

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. The business had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a $1.48 dividend. 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 payout ratio is presently 77.59%.

Insider Activity

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In other 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 transaction of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares of the company's stock, valued at $10,441,080.50. The trade was 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 at this link. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on PEP shares. Piper Sandler set a $176.00 price target on PepsiCo in a research note on Thursday, July 9th. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating for the company in a report on Wednesday, July 8th. Jefferies Financial Group lowered their price objective on shares of PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a research note on Friday, July 10th. TD Cowen dropped their target price on PepsiCo from $150.00 to $145.00 and set a "hold" rating on the stock in a report on Friday, July 10th. Finally, Wells Fargo & Company cut their target price on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research report on Friday, July 10th. Seven research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $157.90.

Check Out Our Latest Analysis on PEP

PepsiCo Profile

(Free Report)

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.

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