E Fund Management Co. Ltd. Acquires New Stake in PepsiCo, Inc. $PEP

Key Points

• E Fund Management acquired 62,578 PepsiCo shares worth approximately $8.47 million during the second quarter. Institutional investors collectively own 73.07% of the company.
• PepsiCo exceeded quarterly earnings and revenue expectations, reporting $2.20 in EPS and $24.18 billion in revenue, up 6.4% year over year. Management maintained 2026 EPS guidance of $8.55–$8.71.
• The stock carries a consensus “Hold” rating with a $157.90 price target, while PepsiCo announced a quarterly dividend of $1.48, representing a 4.2% annualized yield.

E Fund Management Co. Ltd. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 62,578 shares of the company's stock, valued at approximately $8,473,000.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. increased its stake in PepsiCo by 2.1% in the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company's stock valued at $16,015,363,000 after purchasing an additional 2,440,377 shares during the last quarter. State Street Corp grew its position in shares of PepsiCo by 1.8% in the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company's stock valued at $8,356,155,000 after buying an additional 1,079,970 shares during the last quarter. Auto Owners Insurance Co lifted its position in PepsiCo by 14,857.8% in 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 acquiring an additional 48,923,629 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of PepsiCo by 1.1% during the fourth 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 last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company's stock valued at $4,031,646,000 after purchasing an additional 295,955 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding its multi-year partnership with autonomous-truck startup Gatik, deploying 41 self-driving trucks on Frito-Lay distribution routes. The technology could eventually reduce middle-mile transportation costs, improve delivery consistency and support supply-chain efficiency. Gatik’s subsequent $200 million funding round also provides additional capital for executing the rollout. PepsiCo Is Putting 41 Self Driving Trucks On Frito Lay Routes
• Positive Sentiment: PepsiCo’s latest reported quarter included a modest earnings beat and 6.4% year-over-year revenue growth. Management’s 2026 earnings guidance remains intact, suggesting the company has not yet signaled a deterioration in its full-year outlook.
• Neutral Sentiment: PepsiCo will release third-quarter 2026 results on October 8. The announcement itself does not change fundamentals, but it gives investors a near-term catalyst to assess demand, pricing, margins and the company’s international growth strategy. PepsiCo Announces Timing and Availability of Third-Quarter 2026 Financial Results
• Neutral Sentiment: Reports that PepsiCo is ending employee coverage for weight-loss drugs could lower benefit expenses, but the move may also affect employee satisfaction and retention. The financial impact is unclear.
• Negative Sentiment: Recent Coca-Cola-versus-Pepsi comparisons say Coca-Cola is pulling ahead on brand strength, margins, earnings growth and U.S. execution. PepsiCo’s diversified snacks portfolio and international gains remain positives, but investors are increasingly focused on its weaker home-market performance and the risk that competitors are capturing more consumer spending. Coca-Cola vs. Pepsi: The Gap Is Getting Bigger

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent research reports. BNP Paribas Exane dropped their price objective on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company reduced their price objective on PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a research note on Friday, July 10th. Rothschild & Co Redburn upped their price target on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Morgan Stanley lowered their price objective on shares of PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. Finally, Evercore set a $150.00 target price on shares of PepsiCo in a research note on Thursday, July 9th. 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $157.90.

Insider Buying and Selling at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of PepsiCo stock in a transaction 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 owned 74,825 shares of the company's stock, valued at $10,441,080.50. The trade was a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

PepsiCo Stock Down 0.1%

Shares of NASDAQ PEP opened at $142.19 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The firm has a 50-day moving average price of $139.92 and a 200 day moving average price of $149.79. PepsiCo, Inc. has a 52 week low of $133.73 and a 52 week high of $171.48. The stock has a market capitalization of $194.07 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 company 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 revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo's dividend payout ratio is 77.59%.

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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