Rockland Trust Co. Raises Stake in PepsiCo, Inc. $PEP

Key Points

• Rockland Trust increased its PepsiCo stake by 2.6% in the third quarter, bringing its holdings to 367,153 shares worth approximately $46.5 million. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo reported quarterly EPS of $2.20 and revenue of $24.18 billion, exceeding analyst estimates, while maintaining a quarterly dividend of $1.48 per share, equivalent to a 4.7% annualized yield.
• Shares recently traded near a one-year low at $125.17, and analyst sentiment has weakened, with JPMorgan downgrading the stock to “neutral” and several firms cutting price targets; the consensus rating remains “Hold.”

Rockland Trust Co. increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 367,153 shares of the company's stock after buying an additional 9,403 shares during the quarter. PepsiCo accounts for about 1.8% of Rockland Trust Co.'s investment portfolio, making the stock its 13th largest position. Rockland Trust Co.'s holdings in PepsiCo were worth $46,526,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in PepsiCo by 2.1% in the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company's stock worth $16,015,363,000 after purchasing an additional 2,440,377 shares during the period. State Street Corp increased its position in PepsiCo by 1.7% in the second quarter. State Street Corp now owns 60,406,932 shares of the company's stock worth $8,179,099,000 after buying an additional 987,582 shares in the last quarter. Auto Owners Insurance Co raised its stake in shares of PepsiCo by 14,857.8% in the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company's stock worth $7,068,777,000 after buying an additional 48,923,629 shares during the period. Bank of America Corp DE lifted its position in shares of PepsiCo by 0.6% during the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company's stock valued at $3,305,146,000 after buying an additional 133,325 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PepsiCo by 4.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company's stock valued at $1,600,114,000 after acquiring an additional 549,336 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Insider Transactions at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company's 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 of the company's stock, valued at $10,441,080.50. This represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.72 during midday trading on Monday, reaching $125.17. 3,692,544 shares of the company were exchanged, compared to its average volume of 7,931,236. The stock has a market cap of $170.84 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.35. The business's fifty day moving average is $137.01 and its two-hundred day moving average is $143.94. PepsiCo, Inc. has a one year low of $124.21 and a one year 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.56 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.7%. The ex-dividend date was Friday, September 4th. PepsiCo's dividend payout ratio (DPR) is currently 77.59%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Some investors view PepsiCo’s selloff as a long-term buying opportunity, citing its established consumer brands, defensive business model, and dividend appeal. 3 Numbers That Explain Why I'm Buying PepsiCo With My Next $5,000
• Positive Sentiment: Carlsberg agreed to acquire PepsiCo’s bottling operations in Georgia and Armenia, a transaction that could support portfolio optimization and generate proceeds, although the financial impact was not detailed. Carlsberg agrees to buy PepsiCo bottlers in Georgia and Armenia
• Neutral Sentiment: PepsiCo will report third-quarter fiscal 2026 results before the market opens on October 8. Options markets imply an approximately 3.75% move, signaling elevated near-term volatility as investors assess sales, margins, Frito-Lay demand, and guidance. PepsiCo Q3 Earnings Are on Oct. 8
• Negative Sentiment: Wells Fargo lowered its PepsiCo price target from $140 to $135 and maintained an “equal weight” rating, reflecting limited confidence in a near-term rebound. PepsiCo Stock Price Target Lowered at Wells Fargo
• Negative Sentiment: JPMorgan downgraded PepsiCo from “overweight” to “neutral,” adding to pressure on the shares ahead of earnings. JPMorgan Downgrades PepsiCo to Neutral
• Negative Sentiment: Reports continue to highlight Frito-Lay sales pressure, while PepsiCo recalled about 122,000 cases of Gatorade over missing dye-label information. The recall could create modest reputational and compliance concerns. PepsiCo Recalls 122,000 Cases of Gatorade

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Evercore lowered their price target on shares of PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. JPMorgan Chase & Co. cut shares of PepsiCo from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $170.00 to $138.00 in a research note on Tuesday, September 29th. Weiss Ratings cut shares of PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. Royal Bank Of Canada cut their price target on PepsiCo from $163.00 to $161.00 and set a "sector perform" rating for the company in a research note on Friday, July 10th. Finally, Wells Fargo & Company decreased their price target on PepsiCo from $140.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $150.75.

PepsiCo Profile

PepsiCo, Inc NASDAQ: PEP is a global food and beverage company that develops, manufactures, markets and distributes a broad portfolio of snacks, drinks and convenient foods. Its beverage brands include Pepsi, Mountain Dew, Gatorade, 7UP in select markets, and bubly, while its food and snack brands include Lay's, Doritos, Cheetos, Tostitos, Fritos, Quaker and Ruffles.

The company's operations include beverage production and distribution, snack foods, convenient meals and nutrition-oriented products.

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