PepsiCo, Inc. $PEP Shares Sold by Wealthfront Advisers LLC

Key Points

• Wealthfront Advisers reduced its PepsiCo stake by 21.4% in the second quarter, selling 55,917 shares and retaining 204,798 shares valued at approximately $27.7 million. Institutional investors collectively own 73.07% of the company.
• PepsiCo reported quarterly revenue of $24.18 billion, up 6.4% year over year, and earnings of $2.20 per share, slightly beating estimates. The company reaffirmed fiscal 2026 EPS guidance of $8.55–$8.71.
• Analysts maintain a consensus “Hold” rating with an average price target of $157.90, while PepsiCo offers a quarterly dividend of $1.48 per share, representing a 4.2% annualized yield.

Wealthfront Advisers LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 204,798 shares of the company's stock after selling 55,917 shares during the quarter. Wealthfront Advisers LLC's holdings in PepsiCo were worth $27,730,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the company. Evergreen Advisors LLC purchased a new position in shares of PepsiCo during the 1st quarter worth $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of PepsiCo during the 4th quarter valued at about $26,000. Swiss RE Ltd. purchased a new position in shares of PepsiCo during the 4th quarter worth about $28,000. Atlatl Advisers LLC purchased a new stake in PepsiCo in the second quarter valued at approximately $31,000. Finally, Imprint Wealth LLC purchased a new position in PepsiCo during the third quarter worth approximately $31,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s international business is approaching $40 billion in revenue, with overseas volume growth, market-share gains and investment increasingly supporting the company’s long-term diversification. Is PepsiCo's Growth Story Becoming More Internationally Focused?
• Positive Sentiment: Autonomous-truck startup Gatik raised $200 million shortly after signing a multiyear commercial agreement with PepsiCo. The financing provides some external validation for PepsiCo’s logistics-automation initiative, although the direct earnings impact remains uncertain. Gatik Raises $200M Following PepsiCo Deal
• Neutral Sentiment: PepsiCo will release third-quarter 2026 results on October 8. The report will be an important catalyst for investors assessing demand, pricing, margins and the company’s reaffirmed full-year outlook. PepsiCo Announces Third-Quarter 2026 Results Timing
• Neutral Sentiment: Analysts maintain a consensus “Hold” recommendation, suggesting limited conviction that PepsiCo’s current valuation offers a clear near-term catalyst. PepsiCo Receives Consensus Hold Recommendation
• Negative Sentiment: Comparisons with Coca-Cola point to stronger perceived brand power, margin performance and earnings momentum at Coca-Cola, potentially making PepsiCo appear less attractive within the beverage sector. Pepsi vs. Coke: One Stock Is Starting to Pull Ahead
• Negative Sentiment: Indian regulators reportedly placed PepsiCo among food companies facing scrutiny over advertising and labeling claims. Any enforcement or compliance costs could create reputational and financial risks, though the reports do not indicate a confirmed material penalty. Food Giants on FSSAI's Radar

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Jefferies Financial Group dropped their price target on PepsiCo from $162.00 to $152.00 and set a "hold" rating for the company in a research note on Friday, July 10th. UBS Group set a $159.00 target price on shares of PepsiCo in a report on Thursday, July 9th. Evercore set a $150.00 target price on PepsiCo in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on PepsiCo in a report on Friday, July 10th. Finally, Wells Fargo & Company dropped their price target on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $157.90.

PepsiCo Stock Down 1.7%

NASDAQ:PEP opened at $142.27 on Wednesday. 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 $194.18 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 3.18 and a beta of 0.35. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. The stock has a 50-day simple moving average of $139.91 and a 200 day simple moving average of $149.97.

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. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period in the previous year, the business earned $0.92 EPS. The business's quarterly revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal 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 given 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 is currently 77.59%.

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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source