Amundi Sells 3,093,365 Shares of PepsiCo, Inc. $PEP

Key Points

• Amundi cut its PepsiCo stake by 27%. The investment firm sold 3.09 million shares during the second quarter, retaining 8.35 million shares worth approximately $1.13 billion.
• PepsiCo reported quarterly revenue of $24.18 billion and adjusted earnings of $2.20 per share, slightly exceeding analyst estimates. The company also declared a quarterly dividend of $1.48, equivalent to a 4.3% annualized yield.
• Analysts maintain a consensus “Hold” rating with a $157.90 target price, while shares face concerns over soft North American demand, damage to a Ukrainian facility and the costs of shifting toward fresher-food offerings.

Amundi lowered its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 27.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,351,306 shares of the company's stock after selling 3,093,365 shares during the quarter. Amundi owned about 0.61% of PepsiCo worth $1,130,767,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PEP. Cypress Capital Management LLC WY boosted its position in shares of PepsiCo by 8.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock valued at $121,000 after buying an additional 64 shares during the period. United Bank boosted its position in PepsiCo by 3.9% in the 4th quarter. United Bank now owns 1,717 shares of the company's stock valued at $246,000 after buying an additional 65 shares during the period. Onyx Bridge Wealth Group LLC grew its stake in PepsiCo by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company's stock worth $415,000 after acquiring an additional 66 shares in the last quarter. Wilkerson Advisory Group LLC grew its stake in PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock worth $317,000 after acquiring an additional 66 shares in the last quarter. Finally, Richards Merrill & Peterson Inc. increased its position in shares of PepsiCo by 3.6% during the first quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock worth $301,000 after acquiring an additional 67 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the business's stock in a transaction that occurred on Monday, July 27th. The shares were 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 owned 74,825 shares in the company, valued at $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by company insiders.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo plans to build a Frito-Lay distribution warehouse near California’s Sonoma County airport. The facility could expand regional distribution capacity and support future sales growth. PepsiCo plans Frito-Lay distribution warehouse near Sonoma County airport
• Positive Sentiment: Publicis Groupe won PepsiCo’s global media account from Omnicom. The change may help PepsiCo modernize marketing, improve digital capabilities and respond more effectively to changing consumer preferences. PepsiCo hands global media to Publicis amid transformation at CPG giant
• Positive Sentiment: Analysts and financial commentators see potential for a longer-term recovery, citing international momentum, a large buyback program and a portfolio overhaul. The thesis is more relevant to future valuation than to near-term earnings. Prediction: Pepsi Stock Could Surprise Wall Street in 2027
• Neutral Sentiment: PepsiCo’s dividend remains a major attraction for income investors, although reaching $25,000 in annual dividends would require a substantial investment and many shares. How many shares of PepsiCo are needed for $25,000 in yearly dividends
• Neutral Sentiment: Recent coverage compares PepsiCo with Coca-Cola as defensive consumer-staples investments. The comparison highlights PEP’s dividend history and business resilience but does not provide a clear new catalyst. PepsiCo versus Coca-Cola
• Negative Sentiment: Reports point to damage at a Ukrainian production facility and softer North American demand, raising concerns about near-term sales, costs and execution. PepsiCo faces Ukraine damage and soft demand
• Negative Sentiment: PepsiCo is emphasizing fresh-food innovation as consumers move away from processed snacks, signaling a need for investment and potential portfolio-transition risk. The global media-account switch may also create near-term execution costs. PepsiCo puts fresh foods in focus

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $137.63 on Monday. The company has a market capitalization of $187.85 billion, a PE ratio of 18.04, a P/E/G ratio of 2.90 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 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 business's fifty day simple moving average is $139.70 and its 200-day simple moving average is $148.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $24.18 billion during the quarter, compared to analysts' expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same period 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, 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 disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.3%. PepsiCo's payout ratio is presently 77.59%.

Analyst Ratings Changes

A number of analysts recently issued reports on PEP shares. Wells Fargo & Company lowered their price target on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a report on Friday, July 10th. Bank of America decreased their target price on PepsiCo from $173.00 to $164.00 and set a "neutral" rating for the company in a research report on Thursday, June 25th. Citigroup cut PepsiCo from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $170.00 to $145.00 in a report on Friday, July 10th. BNP Paribas Exane dropped their price target on PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 8th. Finally, Evercore set a $150.00 price target on PepsiCo in a research note 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 given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $157.90.

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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