PepsiCo, Inc. $PEP Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its PepsiCo stake by 952.6% in the second quarter, purchasing 3.36 million additional shares. The fund now owns 3.72 million shares valued at approximately $503.1 million.
• PepsiCo exceeded quarterly earnings and revenue expectations, reporting $2.20 in EPS and $24.18 billion in revenue, with sales up 6.4% year over year. The company reaffirmed fiscal 2026 EPS guidance of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48, equivalent to an annualized $5.92 payout and a 4.3% yield. Analysts maintain a consensus “Hold” rating with an average price target of $157.90.

Assenagon Asset Management S.A. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 952.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,715,812 shares of the company's stock after buying an additional 3,362,794 shares during the period. PepsiCo makes up about 0.6% of Assenagon Asset Management S.A.'s holdings, making the stock its 21st biggest holding. Assenagon Asset Management S.A. owned 0.27% of PepsiCo worth $503,121,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PEP. Swiss Life Asset Management Ltd lifted its holdings in PepsiCo by 11.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company's stock worth $59,600,000 after purchasing an additional 42,335 shares during the period. National Pension Service increased its stake 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 buying an additional 77,051 shares during the period. Allstate Corp raised its position in shares of PepsiCo by 108.1% during the 4th quarter. Allstate Corp now owns 104,723 shares of the company's stock worth $15,030,000 after buying an additional 54,405 shares in the last quarter. First Nebraska Trust Co bought a new stake in shares of PepsiCo during the 1st quarter worth about $10,782,000. Finally, Knights of Columbus Asset Advisors LLC lifted its stake in shares of PepsiCo by 90.0% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company's stock worth $13,584,000 after acquiring an additional 44,824 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Insider Activity

In related news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction 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 company insiders.

PepsiCo Price Performance

PEP opened at $138.44 on Friday. The firm has a market capitalization of $188.96 billion, a P/E ratio of 18.14, a PEG ratio of 3.05 and a beta of 0.35. The stock has a fifty day moving average of $140.58 and a 200-day moving average of $150.89. 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share 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 revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.3%. PepsiCo's dividend payout ratio is currently 77.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on PEP. Barclays raised their price objective on shares of PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. Sanford C. Bernstein set a $134.00 target price on PepsiCo in a research report on Friday, July 10th. HSBC increased their price target on PepsiCo from $175.00 to $176.00 and gave the company a "hold" rating in a research note on Friday, April 17th. Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Finally, Morgan Stanley cut their price objective on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating for the company in a report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $157.90.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s targeted price-pack strategy is reportedly helping revive U.S. salty-snack volumes. Sustained volume improvement could support revenue and earnings growth through late 2026 and into 2027. Can PepsiCo’s Price-Pack Strategy Successfully Boost Volumes in 2026?
• Positive Sentiment: PepsiCo is launching Alvalle refrigerated gazpacho in the United States, expanding beyond traditional snacks and beverages into fresh, meal-adjacent foods. The move provides a potential source of category and distribution growth, though its near-term financial impact is likely limited. PepsiCo launches Alvalle gazpacho in the U.S.
• Positive Sentiment: Commentary highlights PEP’s dividend yield above 4% and relatively modest valuation as potential support for income-oriented investors, particularly following its recent earnings acceleration. This Dividend King Yields Over 4% and Trades Near Its 52-Week Lows

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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