United Bank bought a new stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,861 shares of the company’s stock, valued at approximately $1,335,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. Uptick Partners LLC acquired a new position in shares of PepsiCo in the second quarter valued at approximately $635,000. CM Wealth Advisors LLC acquired a new stake in PepsiCo during the 2nd quarter worth approximately $396,000. Madison Asset Management LLC bought a new stake in PepsiCo during the 2nd quarter worth approximately $20,518,000. Csenge Advisory Group acquired a new position in PepsiCo in the 2nd quarter valued at approximately $3,346,000. Finally, Planning Directions Inc. bought a new position in shares of PepsiCo during the second quarter valued at $220,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Price Performance
PEP stock opened at $142.19 on Thursday. The firm has a market cap of $194.07 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 3.12 and a beta of 0.35. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The company’s fifty day simple moving average is $139.92 and its 200 day simple moving average is $149.79.
PepsiCo Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.
Insiders Place Their Bets
In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.
More PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo is expanding its multi-year partnership with autonomous-truck startup Gatik, deploying 41 self-driving trucks on Frito-Lay distribution routes. The technology could eventually reduce middle-mile transportation costs, improve delivery consistency and support supply-chain efficiency. Gatik’s subsequent $200 million funding round also provides additional capital for executing the rollout. PepsiCo Is Putting 41 Self Driving Trucks On Frito Lay Routes
- Positive Sentiment: PepsiCo’s latest reported quarter included a modest earnings beat and 6.4% year-over-year revenue growth. Management’s 2026 earnings guidance remains intact, suggesting the company has not yet signaled a deterioration in its full-year outlook.
- Neutral Sentiment: PepsiCo will release third-quarter 2026 results on October 8. The announcement itself does not change fundamentals, but it gives investors a near-term catalyst to assess demand, pricing, margins and the company’s international growth strategy. PepsiCo Announces Timing and Availability of Third-Quarter 2026 Financial Results
- Neutral Sentiment: Reports that PepsiCo is ending employee coverage for weight-loss drugs could lower benefit expenses, but the move may also affect employee satisfaction and retention. The financial impact is unclear.
- Negative Sentiment: Recent Coca-Cola-versus-Pepsi comparisons say Coca-Cola is pulling ahead on brand strength, margins, earnings growth and U.S. execution. PepsiCo’s diversified snacks portfolio and international gains remain positives, but investors are increasingly focused on its weaker home-market performance and the risk that competitors are capturing more consumer spending. Coca-Cola vs. Pepsi: The Gap Is Getting Bigger
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on PEP. Citigroup cut shares of PepsiCo from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $170.00 to $145.00 in a research note on Friday, July 10th. Barclays lifted their target price on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Morgan Stanley decreased their price target on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a research report on Friday, July 10th. Finally, Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $157.90.
Check Out Our Latest Research Report on PepsiCo
About PepsiCo
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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