Hennessy Advisors Inc. Has $10.13 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Hennessy Advisors increased its PepsiCo stake by 26.2% in the second quarter, purchasing 15,541 additional shares. Its 74,841-share position was valued at approximately $10.13 million, while institutional investors collectively owned 73.07% of PepsiCo.
• PepsiCo reported quarterly revenue of $24.18 billion and adjusted EPS of $2.20, both slightly above expectations, with revenue up 6.4% year over year. The company maintained fiscal 2026 EPS guidance of $8.55–$8.71.
• The stock carries a consensus “Hold” rating and an average analyst price target of $157.90 versus a recent price of $140.52. PepsiCo also offers a $1.48 quarterly dividend, equal to a 4.2% annualized yield, though weak North American demand and restructuring remain concerns.

Hennessy Advisors Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,841 shares of the company's stock after purchasing an additional 15,541 shares during the period. Hennessy Advisors Inc.'s holdings in PepsiCo were worth $10,133,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Evergreen Advisors LLC bought a new position in PepsiCo during the 1st quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo in the fourth quarter valued at about $28,000. Atlatl Advisers LLC bought a new position in PepsiCo during the second quarter worth about $31,000. Finally, Osterweis Capital Management Inc. bought a new position in PepsiCo during the second quarter worth about $31,000. 73.07% of the stock is currently owned by institutional investors.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Bank of America reaffirmed a Neutral rating but maintained a $152 price target, implying potential upside from the recent trading level. The firm cited international strength as an offset to weakness in PepsiCo’s North American operations. PepsiCo analyst rating
• Positive Sentiment: Recent commentary highlights PepsiCo’s dividend appeal, defensive consumer-staples exposure and management’s reiterated revenue-growth targets. Its valuation and roughly higher yield than Coca-Cola may attract income-oriented investors, although the company still faces execution risks. PepsiCo revenue-growth targets
• Positive Sentiment: PepsiCo signed a seven-year, multimillion-dollar partnership with Arizona Athletic Grounds as its official soft-drink provider, supporting brand visibility and long-term distribution. Arizona Athletic Grounds partnership
• Neutral Sentiment: PepsiCo joined Mondelēz and pladis in a circular-packaging trial using watermarking technology. The initiative may improve sustainability credentials, but its near-term financial impact is unclear. Circular packaging trial
• Negative Sentiment: PepsiCo confirmed damage at a Ukrainian production facility following conflict-related events. No injuries were reported, but possible disruption, repair costs and lost production add uncertainty. Ukraine plant damage
• Negative Sentiment: Soft North American demand and category pressure remain the main concern. Analysts note snack-market share gains and beverage resilience, but investors are watching whether weakness is temporary or structural. PepsiCo North America demand
• Negative Sentiment: PepsiCo is reportedly cutting 105 warehouse jobs as part of additional U.S. distribution changes. The actions could improve efficiency, but also reinforce concerns about slowing demand and ongoing restructuring. Warehouse job cuts
• Negative Sentiment: The Obesity Action Coalition urged PepsiCo to continue employee coverage for GLP-1 obesity medicines. The dispute creates potential reputational and employee-relations risks, though the direct financial effect is uncertain. GLP-1 coverage dispute

Analyst Upgrades and Downgrades

PEP has been the subject of a number of recent research reports. Bank of America cut their price objective on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating for the company in a report on Thursday, June 25th. UBS Group set a $159.00 target price on shares of PepsiCo in a report on Thursday, July 9th. TD Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Friday, August 28th. Morgan Stanley reduced their price target on 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, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. Seven investment 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $157.90.

PepsiCo Trading Up 0.5%

Shares of PepsiCo stock opened at $140.52 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. PepsiCo, Inc. has a 12-month low of $133.73 and a 12-month high of $171.48. The company has a market capitalization of $191.79 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.94 and a beta of 0.35. The firm's 50-day moving average price is $139.77 and its two-hundred day moving average price is $148.81.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company had revenue of $24.18 billion during the quarter, compared to analysts' expectations of $23.95 billion. During the same period in the previous year, the company earned $0.92 EPS. The business's revenue for the quarter was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts forecast 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 given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo's payout ratio is currently 77.59%.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction on Monday, July 27th. The stock was sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by insiders.

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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