Everett Harris & Co. CA Sells 11,423 Shares of PepsiCo, Inc. $PEP

Key Points

• Everett Harris & Co. CA reduced its PepsiCo stake by 3.1%, selling 11,423 shares and retaining 356,791 shares valued at approximately $48.3 million. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo reported quarterly EPS of $2.20, narrowly exceeding estimates, while revenue rose 6.4% year over year to $24.18 billion. The company issued fiscal 2026 EPS guidance of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48 per share, equivalent to an annualized $5.92 and a 4.2% yield. Analysts maintain a consensus “Hold” rating with an average price target of $157.90.

Everett Harris & Co. CA cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 356,791 shares of the company's stock after selling 11,423 shares during the period. PepsiCo comprises 0.6% of Everett Harris & Co. CA's holdings, making the stock its 26th largest holding. Everett Harris & Co. CA's holdings in PepsiCo were worth $48,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd increased its position in PepsiCo by 11.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company's stock valued at $59,600,000 after acquiring an additional 42,335 shares during the last quarter. National Pension Service grew its holdings in PepsiCo by 2.5% during the 4th quarter. National Pension Service now owns 3,143,939 shares of the company's stock valued at $451,218,000 after purchasing an additional 77,051 shares during the last quarter. Allstate Corp raised its position in PepsiCo by 108.1% in the 4th quarter. Allstate Corp now owns 104,723 shares of the company's stock worth $15,030,000 after purchasing an additional 54,405 shares during the period. First Nebraska Trust Co bought a new stake in PepsiCo in the first quarter worth about $10,782,000. Finally, Knights of Columbus Asset Advisors LLC boosted its position in shares of PepsiCo by 90.0% during the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company's stock valued at $13,584,000 after buying an additional 44,824 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock opened at $142.58 on Thursday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The company has a market capitalization of $194.61 billion, a PE ratio of 18.69, a P/E/G ratio of 3.08 and a beta of 0.35. The company has a 50 day moving average price of $140.07 and a 200-day moving average price of $150.43. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.01. The company had revenue of $24.18 billion for 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%.PepsiCo's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared 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. The ex-dividend date is Friday, September 4th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo's dividend payout ratio (DPR) is currently 77.59%.

Insider Buying and Selling at PepsiCo

In related 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 completion of the sale, the executive vice president directly owned 74,825 shares of the company's stock, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by insiders.

Analyst Ratings Changes

PEP has been the topic of several recent analyst reports. Royal Bank Of Canada reduced their price target on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a report on Friday, July 10th. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on PepsiCo in a report on Friday, July 10th. Citigroup downgraded PepsiCo from a "buy" rating to a "neutral" rating and cut their price objective for the company from $170.00 to $145.00 in a research report on Friday, July 10th. Morgan Stanley decreased their target price on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company 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 equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $157.90.

PepsiCo 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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