Opinicus Capital Inc. Makes New Investment in PepsiCo, Inc. $PEP

Opinicus Capital Inc. bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,147 shares of the company’s stock, valued at approximately $863,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Vanguard Group Inc. grew its stake in shares of PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after purchasing an additional 1,761,785 shares in the last quarter. State Street Corp lifted its holdings in shares of PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after purchasing an additional 920,045 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of PepsiCo by 0.3% in the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after acquiring an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares during the period. Finally, Norges Bank acquired a new stake in shares of PepsiCo during the second quarter worth about $2,330,594,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Evercore lifted their price objective on PepsiCo from $152.00 to $165.00 in a report on Wednesday, February 4th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research report on Tuesday, October 21st. Evercore ISI lifted their price objective on PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. Finally, Morgan Stanley upped their target price on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $167.16.

PepsiCo Trading Down 2.4%

NASDAQ PEP opened at $166.47 on Tuesday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The firm has a market capitalization of $227.51 billion, a price-to-earnings ratio of 27.75, a PEG ratio of 3.26 and a beta of 0.40. The company’s 50 day moving average price is $147.99 and its 200 day moving average price is $146.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $170.75.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The firm had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. During the same period in the prior year, the company earned $1.96 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s payout ratio is presently 94.83%.

PepsiCo declared that its board has approved a stock buyback program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

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.