Northeast Investment Management Lowers Holdings in PepsiCo, Inc. $PEP

Posted by George Bondi on Jun 26th, 2026

Northeast Investment Management reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,291 shares of the company’s stock after selling 3,648 shares during the period. Northeast Investment Management’s holdings in PepsiCo were worth $8,897,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PEP. Brighton Jones LLC increased its stake in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Caxton Associates LLP purchased a new stake in shares of PepsiCo in the 1st quarter valued at about $251,000. Sivia Capital Partners LLC boosted its position in shares of PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in shares of PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. increased its position in shares of PepsiCo by 45.5% in the second quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock worth $70,789,000 after purchasing an additional 167,707 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.9%

PEP stock opened at $139.52 on Friday. The company has a market capitalization of $190.69 billion, a PE ratio of 21.90, a price-to-earnings-growth ratio of 2.83 and a beta of 0.35. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The company’s 50 day moving average price is $148.66 and its two-hundred day moving average price is $152.09.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same quarter in the prior year, the company earned $1.48 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. As a group, analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo remains a long-term income favorite, with a 54-year streak of dividend increases that reinforces its defensive profile for investors. The upcoming earnings report will be watched to see whether that streak can continue. Buy This Dividend King with a 54-Year Streak Before July 9
Positive Sentiment: Citigroup kept a buy rating on PepsiCo while lowering its target price to $170 from $182, implying meaningful upside from current levels despite the reduction. Citigroup price target update
Neutral Sentiment: Bank of America cut its price target to $164 from $173 and maintained a neutral stance, citing slower PFNA recovery. That suggests the stock still has upside potential, but near-term recovery may be slower than hoped. Bank of America target cut and neutral rating
Neutral Sentiment: Wall Street is looking for PepsiCo’s Q2 2026 earnings to show only modest EPS growth, so the upcoming report could be a key catalyst if results or guidance surprise in either direction. PepsiCo’s Q2 2026 Earnings: What to Expect
Neutral Sentiment: News that Hershey hired a former PepsiCo executive for a U.S. president role is more of an executive-mobility story than a direct operating issue for PepsiCo, so it likely has limited immediate stock impact. Hershey taps PepsiCo executive for US president role
Negative Sentiment: PepsiCo’s stock has been weakening recently, and multiple articles point to investor caution ahead of earnings and pressure from valuation concerns, which helps explain the downside in the shares. PepsiCo stock weighing DCF upside against recent share price weakness

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler lowered their target price on shares of PepsiCo from $181.00 to $178.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Jefferies Financial Group set a $162.00 price target on shares of PepsiCo in a report on Thursday. The Goldman Sachs Group raised their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Citigroup cut their target price on shares of PepsiCo from $182.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Sanford C. Bernstein initiated coverage on PepsiCo in a research note on Thursday, June 11th. They issued a “market perform” rating and a $143.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $166.85.

Get 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.