PepsiCo, Inc. $PEP Stock Position Raised by First Horizon Corp

Key Points

• First Horizon Corp boosted its PepsiCo stake by 70.6% in the first quarter, buying 18,272 additional shares and bringing its total holding to 44,140 shares worth about $6.85 million.
• PepsiCo reported quarterly revenue of $24.18 billion and EPS of $2.20, both slightly ahead of expectations, while reaffirming its FY26 outlook. The company also said international demand remained strong even as North American consumer demand stayed weak.
• PepsiCo raised its quarterly dividend to $1.48 per share from $1.42, putting the annualized payout at $5.92 and the yield at about 4.3%.

First Horizon Corp raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 70.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 44,140 shares of the company's stock after buying an additional 18,272 shares during the quarter. First Horizon Corp's holdings in PepsiCo were worth $6,854,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cypress Capital Management LLC WY raised its stake in shares of PepsiCo by 8.3% in the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock worth $121,000 after buying an additional 64 shares in the last quarter. United Bank raised its position in PepsiCo by 3.9% in the fourth quarter. United Bank now owns 1,717 shares of the company's stock worth $246,000 after acquiring an additional 65 shares in the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in PepsiCo by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company's stock valued at $415,000 after acquiring an additional 66 shares during the last quarter. Richards Merrill & Peterson Inc. boosted its position in shares of PepsiCo by 3.6% during the 1st quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company's stock valued at $301,000 after purchasing an additional 67 shares in the last quarter. Finally, Koa Wealth Management LLC grew its stake in shares of PepsiCo by 0.9% in the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company's stock worth $1,149,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP stock opened at $137.86 on Friday. The firm has a 50 day simple moving average of $145.78 and a 200 day simple moving average of $151.56. PepsiCo, Inc. has a 52 week low of $133.63 and a 52 week high of $171.48. The stock has a market cap of $188.42 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.87 and a beta of 0.36. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were issued a dividend of $1.48 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, June 5th. PepsiCo's dividend payout ratio is 92.94%.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported Q2 revenue of $24.18 billion, above Wall Street estimates, and EPS of $2.20, roughly in line to slightly ahead of expectations. The company also said international demand remained strong, helping offset softness in North America. PepsiCo Inc (PEP) Q2 2026 Earnings Call Highlights
• Positive Sentiment: PepsiCo reaffirmed its full-year outlook, which may reassure investors that management still expects the business to stabilize later in 2026. PepsiCo Q2 Profit Surges, Core Margin Drops, Confirms FY26 View; Stock Down
• Positive Sentiment: Some coverage highlighted international volume growth and improved organic sales, suggesting PepsiCo still has pricing power and growth outside the U.S. PepsiCo beats revenue estimates as volumes improve globally
• Neutral Sentiment: PepsiCo cut prices on some snack products, including Lay’s and Doritos, to help win back shoppers, but that move has not yet translated into stronger North American sales. PepsiCo drops prices on Lay's and Doritos by 15% as fast-food fatigue hits snack sales
• Negative Sentiment: Weak U.S. consumer demand, especially in North America, overshadowed the earnings beat and raised concerns about volume trends and margin pressure. Why PepsiCo (PEP) Stock Is Trading Lower Today
• Negative Sentiment: Management also pointed to higher commodity and fuel-related costs, with the CEO saying gas prices are affecting consumer spending and snack purchases. PepsiCo Says Gas Prices Cutting Into US Consumer Food Spending

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PEP. Royal Bank Of Canada cut their target price on PepsiCo from $165.00 to $163.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 9th. Sanford C. Bernstein set a $142.00 price target on PepsiCo and gave the stock a "market perform" rating in a research note on Wednesday, July 1st. TD Cowen reduced their price objective on shares of PepsiCo from $165.00 to $150.00 and set a "hold" rating for the company in a research note on Friday, June 12th. Rothschild & Co Redburn raised their target price on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Finally, Wells Fargo & Company cut their price target on shares of PepsiCo from $160.00 to $150.00 and set an "equal weight" rating on the stock in a report on Friday, June 5th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $162.65.

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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