Envestnet Asset Management Inc. Sells 216,098 Shares of PepsiCo, Inc. $PEP

Key Points

• Envestnet Asset Management cut its PepsiCo stake by 8.4%, selling 216,098 shares and retaining 2.36 million shares valued at approximately $319.8 million. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo reported quarterly revenue of $24.18 billion and EPS of $2.20, slightly exceeding analyst expectations, while revenue increased 6.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $8.55–$8.71.
• Shares opened at $130.18, near the company’s one-year low, while analysts maintain a consensus “Hold” rating with an average price target of $156.80. PepsiCo also declared a quarterly dividend of $1.48, equivalent to a 4.5% annualized yield.

Envestnet Asset Management Inc. decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,361,530 shares of the company's stock after selling 216,098 shares during the period. Envestnet Asset Management Inc. owned 0.17% of PepsiCo worth $319,750,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Evergreen Advisors LLC bought a new stake in shares of PepsiCo during the first quarter worth approximately $25,000. Montgomery Financial Services LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo during the 4th quarter worth $26,000. Atlatl Advisers LLC bought a new position in PepsiCo during the second quarter worth about $31,000. Finally, Osterweis Capital Management Inc. acquired a new position in PepsiCo in the second quarter valued at about $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Insider Buying and Selling at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company's 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 sale, the executive vice president directly owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Jefferies Financial Group cut their price objective on PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on shares of PepsiCo in a report on Friday, July 10th. UBS Group set a $159.00 price target on shares of PepsiCo in a report on Thursday, July 9th. TD Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Friday, August 28th. Finally, Wells Fargo & Company cut their price objective on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. Seven equities 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $156.80.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Unusually heavy call-option activity suggests some traders are positioning for a rebound, with call volume roughly 62% above average. This is a sentiment indicator rather than a change to PepsiCo’s fundamentals.
• Positive Sentiment: Analysts and financial commentators describe PepsiCo as an increasingly attractive dividend and value opportunity after its selloff. The company’s latest reported quarter also showed revenue growth and earnings slightly ahead of consensus expectations. Prediction: This Out-of-Favor Dividend Stock Could Have Significant Upside
• Positive Sentiment: PepsiCo is expanding zero-sugar beverages through product innovation, pricing and its broad distribution network. Investors may view the category as a way to respond to changing consumer preferences and support longer-term growth. Can Zero Sugar Drinks Fuel PepsiCo’s Next Growth Phase?
• Neutral Sentiment: PepsiCo reaffirmed its commitment to investment, local talent and partnerships in Saudi Arabia. The announcement supports the company’s regional presence but provides limited near-term earnings information. PepsiCo’s Saudi Arabia Commitment
• Neutral Sentiment: Coverage of sustainable paper beverage packaging highlights PepsiCo’s participation in packaging innovation. The potential brand and environmental benefits are longer-term and unlikely to materially affect immediate trading.
• Neutral Sentiment: A former PepsiCo chief financial officer, Jamie Caulfield, was elected to Kontoor Brands’ board. The appointment is unrelated to PepsiCo’s operations or financial outlook.
• Negative Sentiment: PepsiCo plans to end manufacturing at a longtime Washington, D.C.-area plant, while reports also cite manufacturing layoffs. Such actions may reduce costs, but they reinforce concerns about restructuring, demand and execution. PepsiCo to End Manufacturing at Longtime D.C. Area Plant
• Negative Sentiment: PepsiCo is discontinuing South Africa’s ProNutro after 64 years, adding to investor concerns about portfolio changes and the performance of certain products. PepsiCo Discontinues ProNutro
• Negative Sentiment: A class-action lawsuit alleges that PepsiCo’s Siete and Tostitos chips were falsely advertised as using avocado oil. Although the allegations are unproven, litigation creates potential legal costs and reputational risk.
• Negative Sentiment: Technical analysis indicates that PEP broke below a key support level, with downside risk identified toward approximately $127.70. This reinforces near-term bearish momentum.

PepsiCo Trading Down 0.8%

Shares of NASDAQ:PEP opened at $130.18 on Thursday. The company's 50-day moving average price is $138.25 and its two-hundred day moving average price is $145.53. PepsiCo, Inc. has a one year low of $127.98 and a one year high of $171.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The stock has a market capitalization of $177.68 billion, a PE ratio of 17.06, a price-to-earnings-growth ratio of 2.76 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 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 the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.PepsiCo's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.57 EPS 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. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's dividend payout ratio (DPR) is 77.59%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.