Penobscot Investment Management Company Inc. Sells 5,987 Shares of PepsiCo, Inc. $PEP

Posted by Geri Gentry on Jul 8th, 2026

Penobscot Investment Management Company Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 13.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,830 shares of the company’s stock after selling 5,987 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in PepsiCo were worth $6,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Brighton Jones LLC grew its stake in shares of PepsiCo by 12.4% during 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 period. Caxton Associates LLP purchased a new stake in PepsiCo during the first quarter valued at about $251,000. Sivia Capital Partners LLC boosted its position in PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after purchasing an additional 3,790 shares during the period. Schnieders Capital Management LLC. increased its stake in shares of PepsiCo by 10.1% in 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. raised 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 valued at $70,789,000 after purchasing an additional 167,707 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $144.98 on Wednesday. PepsiCo, Inc. has a twelve month low of $132.96 and a twelve month high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $198.15 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.89 and a beta of 0.36. The stock’s 50-day simple moving average is $146.38 and its two-hundred day simple moving average is $151.68.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share 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 business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the firm posted $1.48 earnings per share. PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a dividend of $1.48 per share. The ex-dividend date was Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is 92.94%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Sanford C. Bernstein set a $142.00 price target on PepsiCo and gave the stock a “market perform” rating in a report on Wednesday, July 1st. BNP Paribas Exane lifted their price target on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Royal Bank Of Canada dropped their price objective on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a report on Thursday, April 9th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $165.00.

Check Out Our Latest Stock Report on PepsiCo

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: Investors are buying ahead of earnings, expecting PepsiCo’s pricing reset, product simplification, and new product launches to support a recovery in demand and volume growth. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
Positive Sentiment: Market commentary from Jim Cramer framed PepsiCo as a quality stock that may benefit from rotation into defensive names, which can support sentiment even during broader volatility. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
Neutral Sentiment: Investors are watching for a potentially large post-earnings move, with options pricing implying the stock could swing meaningfully after results. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
Neutral Sentiment: Broader market headlines are keeping consumer staples and blue chips in focus, but they do not directly change PepsiCo’s fundamentals. Chips Slip Again as Caterpillar Bites the Dow: Stock Market Today
Negative Sentiment: Barclays recently cut its price target and warned that PepsiCo’s turnaround could be losing momentum, highlighting risk if North American demand remains weak. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings

About PepsiCo

(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.