PepsiCo, Inc. $PEP Shares Purchased by California State Teachers Retirement System

Key Points

• California State Teachers Retirement System dramatically increased its PepsiCo stake by acquiring 283.6 million shares in the second quarter, bringing its holdings to 285.7 million shares, or approximately 20.93% of the company. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo exceeded quarterly expectations, reporting $2.20 in earnings per share and $24.18 billion in revenue, with revenue up 6.4% year over year. The company maintained fiscal 2026 EPS guidance of $8.55–$8.71.
• PepsiCo declared a quarterly dividend of $1.48, equivalent to $5.92 annually and a 4.3% yield. Analysts remain cautious, with the stock carrying a consensus “Hold” rating and an average price target of $157.90.

California State Teachers Retirement System raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13,502.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 285,677,210 shares of the company's stock after acquiring an additional 283,577,075 shares during the period. California State Teachers Retirement System owned approximately 20.93% of PepsiCo worth $38,680,694,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Studio Investment Management LLC raised its stake in shares of PepsiCo by 2.6% in the 2nd quarter. Studio Investment Management LLC now owns 17,914 shares of the company's stock valued at $2,426,000 after acquiring an additional 453 shares during the period. Ameritas Advisory Services LLC boosted its position in PepsiCo by 65.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 20,902 shares of the company's stock worth $2,830,000 after purchasing an additional 8,299 shares during the period. Henrickson Nauta Wealth Advisors Inc. increased its holdings in PepsiCo by 4.8% in the 2nd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,242 shares of the company's stock valued at $304,000 after purchasing an additional 102 shares in the last quarter. Wedmont Private Capital raised its position in PepsiCo by 3.3% in the second quarter. Wedmont Private Capital now owns 11,570 shares of the company's stock valued at $1,589,000 after purchasing an additional 372 shares during the period. Finally, Kintra Wealth LLC lifted its stake in shares of PepsiCo by 25.2% during the second quarter. Kintra Wealth LLC now owns 7,793 shares of the company's stock worth $1,096,000 after purchasing an additional 1,567 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PepsiCo stock opened at $137.63 on Monday. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The company has a fifty day moving average price of $139.70 and a two-hundred day moving average price of $148.43. The company has a market cap of $187.85 billion, a PE ratio of 18.04, a P/E/G ratio of 2.90 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $23.95 billion. During the same period in the prior year, the company earned $0.92 earnings per share. The firm's revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research analysts expect that PepsiCo, Inc. will post 8.57 earnings per share for the current year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PEP shares. Barclays upped their target price on PepsiCo from $138.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 21st. Jefferies Financial Group reduced their price target on PepsiCo from $162.00 to $152.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $178.00 to $170.00 and set an "overweight" rating for the company in a report on Wednesday, July 1st. TD Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Friday, August 28th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a research note on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $157.90.

Insider Activity at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 74,825 shares in the company, 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. Company insiders own 0.12% of the company's stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo plans to build a Frito-Lay distribution warehouse near California’s Sonoma County airport. The facility could expand regional distribution capacity and support future sales growth. PepsiCo plans Frito-Lay distribution warehouse near Sonoma County airport
• Positive Sentiment: Publicis Groupe won PepsiCo’s global media account from Omnicom. The change may help PepsiCo modernize marketing, improve digital capabilities and respond more effectively to changing consumer preferences. PepsiCo hands global media to Publicis amid transformation at CPG giant
• Positive Sentiment: Analysts and financial commentators see potential for a longer-term recovery, citing international momentum, a large buyback program and a portfolio overhaul. The thesis is more relevant to future valuation than to near-term earnings. Prediction: Pepsi Stock Could Surprise Wall Street in 2027
• Neutral Sentiment: PepsiCo’s dividend remains a major attraction for income investors, although reaching $25,000 in annual dividends would require a substantial investment and many shares. How many shares of PepsiCo are needed for $25,000 in yearly dividends
• Neutral Sentiment: Recent coverage compares PepsiCo with Coca-Cola as defensive consumer-staples investments. The comparison highlights PEP’s dividend history and business resilience but does not provide a clear new catalyst. PepsiCo versus Coca-Cola
• Negative Sentiment: Reports point to damage at a Ukrainian production facility and softer North American demand, raising concerns about near-term sales, costs and execution. PepsiCo faces Ukraine damage and soft demand
• Negative Sentiment: PepsiCo is emphasizing fresh-food innovation as consumers move away from processed snacks, signaling a need for investment and potential portfolio-transition risk. The global media-account switch may also create near-term execution costs. PepsiCo puts fresh foods in focus

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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