Somerville Kurt F Takes Position in PepsiCo, Inc. $PEP

Somerville Kurt F bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,763 shares of the company's stock, valued at approximately $1,051,000.

Other hedge funds have also added to or reduced their stakes in the company. Auto Owners Insurance Co increased its stake in shares of PepsiCo by 14,857.8% in 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 acquiring an additional 48,923,629 shares in the last quarter. Norges Bank acquired a new stake in PepsiCo in the fourth quarter worth $3,018,813,000. Diamant Asset Management Inc. increased its stake in PepsiCo by 16,146.5% in the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company's stock valued at $556,936,000 after purchasing an additional 3,564,348 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of PepsiCo by 952.6% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company's stock worth $503,121,000 after purchasing an additional 3,362,794 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of PepsiCo by 120.7% in the 3rd quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company's stock valued at $830,902,000 after buying an additional 3,235,726 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding its multi-year partnership with autonomous-truck startup Gatik, deploying 41 self-driving trucks on Frito-Lay distribution routes. The technology could eventually reduce middle-mile transportation costs, improve delivery consistency and support supply-chain efficiency. Gatik’s subsequent $200 million funding round also provides additional capital for executing the rollout. PepsiCo Is Putting 41 Self Driving Trucks On Frito Lay Routes
• Positive Sentiment: PepsiCo’s latest reported quarter included a modest earnings beat and 6.4% year-over-year revenue growth. Management’s 2026 earnings guidance remains intact, suggesting the company has not yet signaled a deterioration in its full-year outlook.
• Neutral Sentiment: PepsiCo will release third-quarter 2026 results on October 8. The announcement itself does not change fundamentals, but it gives investors a near-term catalyst to assess demand, pricing, margins and the company’s international growth strategy. PepsiCo Announces Timing and Availability of Third-Quarter 2026 Financial Results
• Neutral Sentiment: Reports that PepsiCo is ending employee coverage for weight-loss drugs could lower benefit expenses, but the move may also affect employee satisfaction and retention. The financial impact is unclear.
• Negative Sentiment: Recent Coca-Cola-versus-Pepsi comparisons say Coca-Cola is pulling ahead on brand strength, margins, earnings growth and U.S. execution. PepsiCo’s diversified snacks portfolio and international gains remain positives, but investors are increasingly focused on its weaker home-market performance and the risk that competitors are capturing more consumer spending. Coca-Cola vs. Pepsi: The Gap Is Getting Bigger

PepsiCo Price Performance

Shares of PepsiCo stock opened at $142.19 on Thursday. The business's 50 day simple moving average is $139.92 and its two-hundred day simple moving average is $149.79. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. The stock has a market capitalization of $194.07 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 3.12 and a beta of 0.35.

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, 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 business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter last year, the firm earned $0.92 EPS. The company's revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The business 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 $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo's payout ratio is currently 77.59%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on PEP. Morgan Stanley cut their target price on PepsiCo from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Friday, July 10th. TD Cowen dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a "hold" rating on the stock in a research report on Friday, July 10th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $150.00 to $140.00 and set an "equal weight" rating for the company in a report on Friday, July 10th. Piper Sandler set a $176.00 price objective on PepsiCo in a report on Thursday, July 9th. Finally, BNP Paribas Exane lowered their target price on shares of PepsiCo from $195.00 to $183.00 and set an "outperform" rating on the stock in a report on Wednesday, July 8th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $157.90.

Insider Activity

In related 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 value of $404,666.00. Following the transaction, the executive vice president directly owned 74,825 shares of the company's stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.12% of the company's stock.

PepsiCo Company 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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