State Street Corp Purchases 987,582 Shares of PepsiCo, Inc. $PEP

State Street Corp boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,406,932 shares of the company’s stock after purchasing an additional 987,582 shares during the quarter. State Street Corp’s holdings in PepsiCo were worth $8,179,099,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in PEP. Auto Owners Insurance Co increased 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 valued at $7,068,777,000 after buying an additional 48,923,629 shares during the period. Norges Bank purchased a new stake in PepsiCo in the fourth quarter worth about $3,018,813,000. Bank of America Corp DE bought a new position in PepsiCo during the 2nd quarter worth about $2,755,509,000. Legal & General Group Plc purchased a new position in PepsiCo during the 2nd quarter valued at about $1,200,274,000. Finally, Corient Private Wealth LP bought a new stake in shares of PepsiCo in the 2nd quarter valued at about $297,116,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $1.50 during midday trading on Tuesday, hitting $131.09. The company had a trading volume of 2,884,070 shares, compared to its average volume of 7,920,305. The company has a fifty day simple moving average of $138.44 and a 200 day simple moving average of $145.98. The stock has a market cap of $178.92 billion, a price-to-earnings ratio of 17.18, a PEG ratio of 2.73 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 $127.98 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, 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. Investors of record on Friday, September 4th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s dividend payout ratio is presently 77.59%.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction dated 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 sale, the executive vice president owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PEP has been the subject of a number of recent research reports. UBS Group set a $159.00 price objective on shares of PepsiCo in a research note on Thursday, July 9th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Monday, July 6th. Barclays upped their price objective on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 21st. BNP Paribas Exane cut their target price on PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Citigroup downgraded shares of PepsiCo from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $170.00 to $145.00 in a report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $157.90.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is reportedly among the brands investing in paper drink bottles, a move that could strengthen its sustainability credentials and help address consumer and regulatory pressure over plastic packaging. Paper drink bottles are cool again
• Positive Sentiment: PepsiCo’s international business is growing faster than its North American operations and generating improving profitability. Investors may view this as an underappreciated growth engine, particularly after the stock reached a 52-week low. International business keeps accelerating
• Positive Sentiment: One investment firm continues to maintain a substantially higher price target, implying significant upside if PepsiCo stabilizes North American snacks and beverages, improves execution and benefits from its international expansion. Pepsi’s fall continues and price target
• Positive Sentiment: Consumer staples are outperforming discretionary stocks in 2026, reinforcing PepsiCo’s appeal as a defensive, dividend-oriented holding during an uncertain economic environment. Staples ETF widens gap over discretionary
• Neutral Sentiment: Several investment articles present PepsiCo as a potentially attractive high-yield dividend stock after its sell-off, but also acknowledge challenges affecting long-term passive-income investors, including slower growth and business execution risks. Nike versus PepsiCo dividend stock
• Negative Sentiment: PepsiCo plans to end manufacturing at a longstanding Washington, D.C.-area plant. The closure may reduce costs over time, but near-term headlines focus on operational disruption, workforce reductions and evidence of efforts to align capacity with weaker demand. PepsiCo to end manufacturing at D.C. plant
• Negative Sentiment: A technical analysis report says PEP broke below a key support level, with a potential decline toward $127.70. This reinforces bearish momentum while the stock trades below its 50-day and 200-day moving averages. PEP price outlook
• Negative Sentiment: A proposed class-action lawsuit alleges PepsiCo falsely marketed certain Siete and Tostitos chips as containing avocado oil. Although the allegations are unproven, litigation could create legal costs and reputational damage. Avocado oil chips class-action lawsuit

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company headquartered in Purchase, New York. Its portfolio includes carbonated soft drinks, sports drinks, bottled water, juices, ready-to-drink beverages, snack foods and convenient foods. Major brands include Pepsi, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker and SodaStream.

The company sells products through a broad range of channels, including grocery stores, convenience stores, restaurants, food-service providers, vending operations and e-commerce platforms.