Gamco Investors INC. ET AL Cuts Position in PepsiCo, Inc. $PEP

Gamco Investors INC. ET AL decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,266 shares of the company’s stock after selling 10,923 shares during the period. Gamco Investors INC. ET AL’s holdings in PepsiCo were worth $8,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of PepsiCo by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after buying an additional 1,612,652 shares during the last quarter. State Street Corp raised its holdings in shares of PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after acquiring an additional 1,079,970 shares during the period. Auto Owners Insurance Co increased its stake in shares of 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 during the last quarter. Geode Capital Management LLC increased its holdings in shares of PepsiCo by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock worth $4,814,835,000 after purchasing an additional 360,936 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of 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 acquiring an additional 295,955 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a report 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 cut 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. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Finally, The Goldman Sachs Group boosted their price objective on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Seven 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. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $157.90.

PepsiCo Stock Performance

NASDAQ PEP opened at $136.64 on Monday. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The stock has a 50-day moving average of $142.11 and a 200 day moving average of $151.01. The stock has a market capitalization of $186.50 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 3.00 and a beta of 0.36. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio is 77.59%.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors bought an unusually large number of PepsiCo call options, with call volume running about 70% above average, signaling bullish trading activity and expectations for upside.
• Positive Sentiment: News that Quaker Oats plans a major expansion at PepsiCo’s North Texas facility could be viewed as a long-term growth and capacity positive. PepsiCo’s Quaker Oats plans major expansion at its North Texas facility
• Neutral Sentiment: PepsiCo is still trading near the lower end of its 52-week range, which reflects recent weakness, but also leaves room for a rebound if sentiment improves.
• Negative Sentiment: Zacks Research trimmed multiple PepsiCo earnings estimates, including FY2026, FY2027, FY2028 and several quarterly forecasts, which may pressure the stock by reinforcing concerns about earnings momentum.
• Negative Sentiment: Reports that PepsiCo will cease warehouse operations at an Oklahoma production site may raise concerns about restructuring or operational disruption. PepsiCo to cease warehouse operations at Oklahoma production site
• Negative Sentiment: One Seeking Alpha article argued PepsiCo should be downgraded to “Sell,” reflecting continued skepticism about the stock’s near-term return potential. PepsiCo: ‘Upgrading’ From Strong Sell To Sell, But I Still Expect Frozen Returns

PepsiCo Company Profile

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.