Tocqueville Asset Management L.P. Acquires New Shares in PepsiCo, Inc. $PEP

Tocqueville Asset Management L.P. acquired a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 69,115 shares of the company's stock, valued at approximately $9,358,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY grew its holdings in shares of PepsiCo by 8.3% during the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company's stock worth $121,000 after purchasing an additional 64 shares during the period. United Bank boosted its stake in PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company's stock worth $246,000 after buying an additional 65 shares during the period. Onyx Bridge Wealth Group LLC raised its stake in shares of 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 period. Wilkerson Advisory Group LLC lifted its holdings in shares of PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock worth $317,000 after acquiring an additional 66 shares during the last quarter. Finally, 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 worth $301,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

More PepsiCo News

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on PEP shares. Barclays raised their target price on PepsiCo from $138.00 to $142.00 and gave the company an "equal weight" rating in a report on Tuesday, July 21st. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Bank of America cut their price objective on shares of PepsiCo from $173.00 to $164.00 and set a "neutral" rating on the stock in a report on Thursday, June 25th. Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research report on Monday, July 6th. Finally, Piper Sandler set a $176.00 price target on PepsiCo in a report on Thursday, July 9th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $157.90.

PepsiCo Stock Performance

Shares of PEP opened at $142.19 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The company has a 50-day simple moving average of $139.92 and a 200-day simple moving average of $149.79. The company has a market capitalization of $194.07 billion, a PE ratio of 18.64, a P/E/G ratio of 3.12 and a beta of 0.35.

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. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The firm had revenue of $24.18 billion during the quarter, compared to the consensus estimate of $23.95 billion. During the same period last year, the business posted $0.92 EPS. PepsiCo'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. Equities research analysts predict 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. Shareholders of record on Friday, September 4th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo's dividend payout ratio (DPR) is 77.59%.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the company's stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president owned 74,825 shares of the company's stock, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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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