Wealthcare Advisory Partners LLC Cuts Stock Holdings in PepsiCo, Inc. $PEP

Wealthcare Advisory Partners LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 29.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,006 shares of the company’s stock after selling 4,620 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in PepsiCo were worth $1,490,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of PepsiCo by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock worth $19,875,205,000 after purchasing an additional 1,612,652 shares during the period. State Street Corp grew its holdings in shares of PepsiCo by 1.8% during 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 period. Auto Owners Insurance Co increased its position in PepsiCo by 14,857.8% during the 4th 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 in the last quarter. Geode Capital Management LLC raised 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 buying an additional 360,936 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in PepsiCo by 1.1% during 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 in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PEP shares. Piper Sandler set a $176.00 price objective on shares of PepsiCo in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price target on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a research report on Friday, July 10th. HSBC boosted their price objective on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Morgan Stanley lowered their target price 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. Finally, Barclays raised their target price on PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.90.

PepsiCo Stock Performance

Shares of PEP stock opened at $140.62 on Friday. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The firm has a market capitalization of $191.93 billion, a P/E ratio of 18.43, a P/E/G ratio of 3.05 and a beta of 0.35. The company’s fifty day moving average price is $140.23 and its two-hundred day moving average price is $150.64.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the firm earned $0.92 earnings per share. The company’s revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. 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 currently 77.59%.

Insider Activity

In other news, EVP David Flavell sold 2,900 shares of the stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the transaction, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by insiders.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s valuation is being highlighted as attractive after shares traded near a decade-low multiple. Analysts and financial commentators argue that the discounted valuation, solid brands and potential for earnings improvement could attract value-oriented investors. PepsiCo: A Behemoth Trading At A Decade-Low Valuation
• Positive Sentiment: The company’s appeal to income investors is strengthening after a 4% dividend increase, extending PepsiCo’s record of annual dividend growth to 54 consecutive years. Its yield and lower valuation than Coca-Cola could support buying interest. 54 Straight Years: Why PepsiCo Remains a Dividend Investor’s Anchor
• Positive Sentiment: PepsiCo is expanding beyond traditional snacks and beverages. The U.S. launch of Alvalle refrigerated gazpacho moves the company into fresh meals, while a new Tampa Bay Buccaneers beverage partnership adds a sports-marketing channel. PepsiCo Enters Fresh Meals With Its US Alvalle Gazpacho Launch
• Positive Sentiment: Recent commentary points to a product mix better aligned with consumer demand and a return to revenue growth, raising hopes that the second half of 2026 could become a recovery period for PepsiCo. PepsiCo Stock Has Stalled. Here Is Why the Second Half of 2026 Could Be Its Turning Point
• Neutral Sentiment: PepsiCo reported progress toward its pep+ sustainability goals, including efforts involving agriculture, emissions, packaging and products with lower sugar, sodium and saturated fat. The update may support its long-term brand positioning but is unlikely to materially change near-term earnings. PepsiCo Reports on Latest ESG Performance Towards pep+ Goals
• Negative Sentiment: Higher gasoline prices could leave consumers with less discretionary income, potentially pressuring demand for PepsiCo’s snacks and beverages. Comparisons with Coca-Cola also suggest PepsiCo faces a less favorable near-term operating outlook. Why Is PepsiCo in Focus as Gasoline Prices Pressure Consumers?

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.