PepsiCo, Inc. $PEP Stake Boosted by National Pension Service

Key Points

• National Pension Service increased its PepsiCo stake by 4.2% to 3.37 million shares valued at approximately $456 million. Institutional investors collectively own 73.07% of the company.
• Analysts maintain a consensus “Hold” rating, with an average price target of $157.90. PepsiCo shares opened at $136.69, near the lower end of their 12-month range.
• PepsiCo exceeded quarterly earnings and revenue expectations and reaffirmed fiscal 2026 EPS guidance of $8.55–$8.71. The company also declared a quarterly dividend of $1.48 per share, representing a 4.3% annualized yield.

National Pension Service lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,368,195 shares of the company's stock after buying an additional 137,186 shares during the quarter. National Pension Service owned approximately 0.25% of PepsiCo worth $456,054,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. California State Teachers Retirement System grew its holdings in shares of PepsiCo by 13,502.8% during the second quarter. California State Teachers Retirement System now owns 285,677,210 shares of the company's stock valued at $38,680,694,000 after purchasing an additional 283,577,075 shares during the last quarter. Auto Owners Insurance Co boosted its position in PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock valued at $7,068,777,000 after purchasing an additional 48,923,629 shares during the period. Norges Bank bought a new position in PepsiCo during the 4th quarter worth $3,018,813,000. Bank of America Corp DE acquired a new stake in PepsiCo in the second quarter worth $2,755,509,000. Finally, Legal & General Group Plc bought a new stake in PepsiCo in the second quarter valued at $1,200,274,000. Institutional investors own 73.07% of the company's stock.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the company'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 transaction, the executive vice president owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein set a $134.00 price objective on shares of PepsiCo in a report on Friday, July 10th. Weiss Ratings restated a "hold (c)" rating on shares of PepsiCo in a research note on Monday, July 6th. BNP Paribas Exane reduced their price objective on PepsiCo from $195.00 to $183.00 and set an "outperform" rating for the company in a research report on Wednesday, July 8th. Royal Bank Of Canada lowered their target price on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating on the stock in a research report on Friday, July 10th. Finally, Bank of America reduced their price target on PepsiCo from $173.00 to $164.00 and set a "neutral" rating for the company in a research report on Thursday, June 25th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $157.90.

PepsiCo Trading Down 1.3%

Shares of NASDAQ:PEP opened at $136.69 on Thursday. PepsiCo, Inc. has a twelve month low of $133.73 and a twelve month high of $171.48. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91. The firm has a market cap of $186.57 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.92 and a beta of 0.35. The company has a 50 day moving average of $139.65 and a 200-day moving average of $147.88.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the company earned $0.92 earnings per share. PepsiCo'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. As a group, analysts anticipate that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a dividend of $1.48 per share. 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 dividend payout ratio (DPR) is presently 77.59%.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is pursuing automation, cost reductions and higher marketing spending to accelerate growth. Management expects efficiency gains to help fund brand investment, while expanded advertising could support demand over time. PepsiCo’s plan to accelerate growth
• Positive Sentiment: PepsiCo secured a partnership with The Great Greek Mediterranean Grill as the restaurant chain’s official soft-drink provider and launched new signature lemonades and refreshers. The agreement offers incremental distribution and visibility for PepsiCo beverages. Great Greek partnership announcement
• Positive Sentiment: Analysts and income investors continue to point to PepsiCo’s roughly 4% dividend yield and decades-long record of annual increases. Its underperformance versus Coca-Cola is being framed by some commentators as a potential value opportunity, although this is opinion rather than a new company catalyst. Pepsi versus Coca-Cola dividend comparison
• Neutral Sentiment: PepsiCo’s $1.7 billion Publicis agreement is reshaping its global media and advertising operations. The deal could improve marketing coordination and efficiency, but its near-term financial benefits and execution costs remain uncertain. Pepsi and Publicis deal
• Negative Sentiment: Coverage of GLP-1 drugs and shifting diets indicates potential pressure on traditional salty snacks and sugary beverages. PepsiCo is responding by targeting a reported $271 billion fresh-food market and exploring new food categories, but the transition could require investment before producing meaningful growth. GLP-1 drugs and PepsiCo’s fresh-food strategy
• Negative Sentiment: Investors are also weighing PepsiCo’s muted long-term share performance against Coca-Cola’s stronger returns. The comparison reinforces concerns about slower growth, even though PepsiCo’s higher yield may attract income-focused investors. Coca-Cola versus PepsiCo dividend comparison

About PepsiCo

PepsiCo, Inc NASDAQ: PEP is a global food and beverage company headquartered in Purchase, New York. Its portfolio includes carbonated soft drinks, sports drinks, bottled water, juices, ready-to-drink beverages, snack foods and convenient foods. Major brands include Pepsi, Mountain Dew, Gatorade, Lay's, Doritos, Cheetos, Quaker and SodaStream.

The company sells products through a broad range of channels, including grocery stores, convenience stores, restaurants, food-service providers, vending operations and e-commerce platforms.

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