PepsiCo, Inc. $PEP Shares Purchased by AMG National Trust Bank

AMG National Trust Bank boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 21.1% during the first quarter, Holdings Channel reports. The firm owned 43,678 shares of the company’s stock after buying an additional 7,610 shares during the quarter. AMG National Trust Bank’s holdings in PepsiCo were worth $6,783,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of PEP. Mattern Capital Management LLC increased its position in PepsiCo by 1.0% during the first quarter. Mattern Capital Management LLC now owns 58,984 shares of the company’s stock worth $9,160,000 after buying an additional 579 shares in the last quarter. Bleakley Financial Group LLC increased its position in PepsiCo by 7.4% during the 1st quarter. Bleakley Financial Group LLC now owns 44,375 shares of the company’s stock worth $6,891,000 after purchasing an additional 3,072 shares in the last quarter. Nadler Financial Group Inc. raised its stake in PepsiCo by 277.6% in the 1st quarter. Nadler Financial Group Inc. now owns 13,689 shares of the company’s stock valued at $2,126,000 after purchasing an additional 10,064 shares during the last quarter. TFR Capital LLC. lifted its holdings in PepsiCo by 69.3% in the 1st quarter. TFR Capital LLC. now owns 2,422 shares of the company’s stock valued at $376,000 after purchasing an additional 991 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of PepsiCo by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,728,927 shares of the company’s stock worth $268,485,000 after purchasing an additional 39,222 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.8%

Shares of PepsiCo stock opened at $138.49 on Tuesday. PepsiCo, Inc. has a twelve month low of $133.75 and a twelve month high of $171.48. The stock has a market cap of $189.02 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.78 and a beta of 0.36. 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 $145.02 and a 200 day moving average price of $151.45.

PepsiCo (NASDAQ:PEP) last released 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 return on equity of 54.63% and a net margin of 10.78%.The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period last year, the company posted $0.92 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.59 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were given a dividend of $1.48 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.3%. PepsiCo’s dividend payout ratio is presently 77.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PEP shares. HSBC upped their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Evercore set a $150.00 price objective on PepsiCo in a report on Thursday. Morgan Stanley cut their target price on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Friday. Wells Fargo & Company reduced their target price on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, Piper Sandler set a $176.00 price target on PepsiCo in a research report on Thursday. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $157.70.

PepsiCo 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.