D.A. Davidson & CO. Trims Stock Position in PepsiCo, Inc. $PEP

Key Points

• D.A. Davidson reduced its PepsiCo stake by 6.1% in the second quarter, selling 32,077 shares and retaining 491,937 shares valued at approximately $66.6 million. Institutional investors collectively own 73.07% of PEP.
• PepsiCo recently beat quarterly earnings and revenue expectations, reporting $2.20 in EPS and $24.18 billion in revenue, while forecasting fiscal 2026 EPS of $8.55–$8.71. Shares opened at $138.24, near the lower end of their 12-month range.
• The company declared a quarterly dividend of $1.48 per share, equivalent to a 4.3% annualized yield. Analysts maintain a consensus “Hold” rating with an average price target of $157.90.

D.A. Davidson & CO. cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,937 shares of the company's stock after selling 32,077 shares during the quarter. D.A. Davidson & CO.'s holdings in PepsiCo were worth $66,608,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cypress Capital Management LLC WY raised its stake in PepsiCo by 8.3% in the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock worth $121,000 after buying an additional 64 shares in the last quarter. United Bank boosted its position in PepsiCo by 3.9% during the 4th quarter. United Bank now owns 1,717 shares of the company's stock valued at $246,000 after acquiring an additional 65 shares in the last quarter. Onyx Bridge Wealth Group LLC grew its holdings in shares of PepsiCo by 2.5% during 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 during the period. Wilkerson Advisory Group LLC raised its position in shares of 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. lifted its stake in shares of PepsiCo by 3.6% in the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock valued at $301,000 after purchasing an additional 67 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.8%

Shares of NASDAQ:PEP opened at $138.24 on Tuesday. 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 fifty day simple moving average of $140.15 and a two-hundred day simple moving average of $150.53. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The stock has a market capitalization of $188.68 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 3.09 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.01. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm had revenue of $24.18 billion for the quarter, compared to analysts' expectations of $23.95 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company's quarterly 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 company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Friday, September 4th. PepsiCo's dividend payout ratio (DPR) is currently 77.59%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. Barclays lifted their price target on PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 21st. Bank of America lowered their price objective on PepsiCo from $173.00 to $164.00 and set a "neutral" rating for the company in a research report on Thursday, June 25th. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Evercore set a $150.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. Finally, BNP Paribas Exane lowered their price target on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating for the company in a research report on Wednesday, July 8th. Seven 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. Based on data from MarketBeat, PepsiCo has a consensus rating of "Hold" and a consensus target price of $157.90.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Higher recycled packaging content supports ESG efforts. PepsiCo reported progress in increasing recycled content in plastic packaging, which could improve its sustainability profile and help address regulatory and consumer concerns around plastic waste. PepsiCo reports increase in recycled content for plastic packaging
• Positive Sentiment: Dividend appeal may provide support. PepsiCo remains viewed as a high-yielding, defensive consumer-staples stock, potentially attracting income-oriented investors while the broader business works through slower growth. 4 Very Well-Known High-Yielding Stocks to Load the Boat on Now
• Neutral Sentiment: Management is attempting a brand reset. PepsiCo is refreshing brands, products, and value offerings to reconnect with consumers, but analysts expect any recovery in North American demand to develop gradually. PepsiCo's Brand Refresh: Is it Enough to Win Back Consumers?
• Neutral Sentiment: A potential turning point remains speculative. Commentary suggests PEP could be nearing an inflection point, but investors still need evidence that pricing, innovation, and brand changes can restore volume growth. Why PepsiCo Could Be Nearing a Turning Point
• Negative Sentiment: Consumer preferences are creating competitive pressure. The rapid growth of Olipop and other health-focused beverages highlights challenges for PepsiCo’s traditional soda portfolio and suggests some consumers remain skeptical of large soda companies. How Olipop hit $500M in revenue and beat Pepsi's Poppi
• Negative Sentiment: PEP underperformed the broader market. The latest market commentary documents a weaker session for PepsiCo, reinforcing concerns about slowing demand and limited near-term catalysts despite the company’s recent earnings beat and full-year guidance. Here's Why PepsiCo Fell More Than Broader Market

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 shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the transaction, the executive vice president directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company's stock.

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.

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