Royal London Asset Management Ltd. decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,388,736 shares of the company’s stock after selling 5,151 shares during the period. Royal London Asset Management Ltd.’s holdings in PepsiCo were worth $188,035,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. BlackRock Inc. grew its holdings in PepsiCo by 2.1% during the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock worth $16,015,363,000 after acquiring an additional 2,440,377 shares during the period. State Street Corp boosted its position in shares of PepsiCo by 1.8% in the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Auto Owners Insurance Co grew its stake in shares of PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after purchasing an additional 48,923,629 shares during the period. Geode Capital Management LLC increased its holdings in PepsiCo by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock valued at $4,814,835,000 after purchasing an additional 360,936 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock valued at $4,031,646,000 after buying an additional 295,955 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo News Roundup
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Bank of America reaffirmed a Neutral rating but maintained a $152 price target, implying potential upside from the recent trading level. The firm cited international strength as an offset to weakness in PepsiCo’s North American operations. PepsiCo analyst rating
- Positive Sentiment: Recent commentary highlights PepsiCo’s dividend appeal, defensive consumer-staples exposure and management’s reiterated revenue-growth targets. Its valuation and roughly higher yield than Coca-Cola may attract income-oriented investors, although the company still faces execution risks. PepsiCo revenue-growth targets
- Positive Sentiment: PepsiCo signed a seven-year, multimillion-dollar partnership with Arizona Athletic Grounds as its official soft-drink provider, supporting brand visibility and long-term distribution. Arizona Athletic Grounds partnership
- Neutral Sentiment: PepsiCo joined Mondelēz and pladis in a circular-packaging trial using watermarking technology. The initiative may improve sustainability credentials, but its near-term financial impact is unclear. Circular packaging trial
- Negative Sentiment: PepsiCo confirmed damage at a Ukrainian production facility following conflict-related events. No injuries were reported, but possible disruption, repair costs and lost production add uncertainty. Ukraine plant damage
- Negative Sentiment: Soft North American demand and category pressure remain the main concern. Analysts note snack-market share gains and beverage resilience, but investors are watching whether weakness is temporary or structural. PepsiCo North America demand
- Negative Sentiment: PepsiCo is reportedly cutting 105 warehouse jobs as part of additional U.S. distribution changes. The actions could improve efficiency, but also reinforce concerns about slowing demand and ongoing restructuring. Warehouse job cuts
- Negative Sentiment: The Obesity Action Coalition urged PepsiCo to continue employee coverage for GLP-1 obesity medicines. The dispute creates potential reputational and employee-relations risks, though the direct financial effect is uncertain. GLP-1 coverage dispute
Insiders Place Their Bets
PepsiCo Stock Up 0.5%
Shares of PEP stock opened at $140.52 on Thursday. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The firm has a fifty day moving average of $139.77 and a 200-day moving average of $148.81. The company has a market capitalization of $191.79 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.94 and a beta of 0.35.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The firm had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo’s payout ratio is presently 77.59%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Rothschild & Co Redburn boosted their price objective on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Barclays upped their target price on shares of PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. TD Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Friday, August 28th. Finally, UBS Group set a $159.00 price target on shares of PepsiCo in a report on Thursday, July 9th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $157.90.
View Our Latest Analysis on PEP
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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