Smithbridge Asset Management Inc. DE Sells 19,894 Shares of PepsiCo, Inc. $PEP

Posted by on Jul 2nd, 2026

Smithbridge Asset Management Inc. DE lowered its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 39.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 30,533 shares of the company’s stock after selling 19,894 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in PepsiCo were worth $4,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Auto Owners Insurance Co increased its stake in PepsiCo by 14,857.8% in the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock valued at $7,068,777,000 after buying an additional 48,923,629 shares during the last quarter. Norges Bank purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $3,018,813,000. Diamant Asset Management Inc. grew its holdings in shares of PepsiCo by 16,146.5% in the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock valued at $556,936,000 after acquiring an additional 3,564,348 shares in the last quarter. AQR Capital Management LLC increased its position in shares of PepsiCo by 120.7% during the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after acquiring an additional 3,235,726 shares during the last quarter. Finally, Amundi increased its position in shares of PepsiCo by 30.0% during the third quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after acquiring an additional 1,995,362 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

  • Positive Sentiment: PepsiCo announced progress toward its 2030 agriculture goals, highlighting gains in regenerative farming, sustainable sourcing, and livelihoods initiatives, which supports its long-term ESG and supply-chain strategy. PepsiCo Announces Progress Toward 2030 Agriculture Goals
  • Positive Sentiment: JPMorgan reaffirmed an Overweight rating on PepsiCo while trimming its price target to $170 from $178, suggesting analysts still see meaningful upside from current levels. JPMorgan Adjusts Price Target on PepsiCo
  • Positive Sentiment: Citi also kept a Buy rating on PepsiCo, lowering its target to $170 from $182 ahead of Q2 results, indicating the firm remains constructive on the stock despite slightly softer earnings expectations. Citi Maintains Bullish Outlook on PepsiCo
  • Positive Sentiment: Unusually heavy call-option buying in PepsiCo suggests some traders are positioning for a rebound or further upside. Investors Buy Large Volume of PepsiCo Call Options
  • Neutral Sentiment: Several reports focused on valuation and price-target commentary, with analysts generally still seeing upside but also acknowledging that earnings growth may be moderating.
  • Negative Sentiment: Some coverage noted PepsiCo underperformed peers and highlighted continued investor concern about growth, which can pressure sentiment around the stock. PepsiCo Inc. stock underperforms Monday when compared to competitors
  • Negative Sentiment: Erste Group slightly lowered its FY2027 EPS estimate for PepsiCo, reinforcing the view that profit growth could remain limited. MarketBeat PepsiCo coverage

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. Citigroup cut their price objective on PepsiCo from $182.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, June 25th. BNP Paribas Exane boosted their price objective on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Jefferies Financial Group set a $162.00 target price on PepsiCo in a research report on Thursday, June 25th. Royal Bank Of Canada cut their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. Finally, Barclays upped their price target on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $166.40.

Get Our Latest Stock Analysis on PEP

PepsiCo Stock Up 4.3%

PEP opened at $141.16 on Thursday. The firm has a market capitalization of $192.93 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. PepsiCo, Inc. has a one year low of $132.96 and a one year high of $171.48. The company has a fifty day moving average price of $147.24 and a 200-day moving average price of $151.86. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the company earned $1.48 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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 was Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is 92.94%.

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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