Van ECK Associates Corp Has $480.25 Million Position in PepsiCo, Inc. $PEP

Key Points

• Van ECK Associates reduced its PepsiCo position by 19.3% in the second quarter, selling 847,006 shares and retaining 3.55 million shares valued at approximately $480.25 million. Institutional investors and hedge funds own 73.07% of PEP.
• PepsiCo reported quarterly revenue of $24.18 billion and adjusted earnings of $2.20 per share, narrowly exceeding estimates, while revenue increased 6.4% year over year. The company maintained fiscal 2026 EPS guidance of $8.55–$8.71.
• Analyst sentiment remains cautious, with an overall “Hold” rating and an average price target of $157.90 versus the stock’s $139.79 price. PepsiCo declared a quarterly dividend of $1.48, equivalent to a 4.2% annualized yield, though North American softness and damage to a Ukraine facility remain risks.

Van ECK Associates Corp cut its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,546,901 shares of the company's stock after selling 847,006 shares during the quarter. Van ECK Associates Corp owned about 0.26% of PepsiCo worth $480,250,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Nissay Asset Management Corp Japan lifted its stake in PepsiCo by 5.8% in the second quarter. Nissay Asset Management Corp Japan now owns 408,353 shares of the company's stock valued at $55,291,000 after buying an additional 22,560 shares in the last quarter. Chapin Davis Inc. lifted its position in PepsiCo by 1.1% in the 2nd quarter. Chapin Davis Inc. now owns 19,439 shares of the company's stock valued at $2,632,000 after acquiring an additional 212 shares in the last quarter. BNP Paribas boosted its stake in PepsiCo by 2.0% in the 2nd quarter. BNP Paribas now owns 60,479 shares of the company's stock worth $8,179,000 after purchasing an additional 1,209 shares during the period. Field & Main Bank bought a new position in PepsiCo during the 2nd quarter worth about $2,452,000. Finally, Archer Investment Corp acquired a new stake in shares of PepsiCo in the 2nd quarter valued at about $1,353,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is participating with Mondelēz International and pladis in a circular food-packaging trial. The initiative could support sustainability goals and help develop more scalable packaging solutions, although the near-term financial impact is likely limited. Mondelēz International, PepsiCo and pladis collaborate to advance the future of food packaging
• Positive Sentiment: A partnership with Carlsberg reportedly helped grow the brewer’s soft-drinks segment by 9%, highlighting the potential for PepsiCo’s distribution and beverage partnerships to generate incremental volume. PepsiCo Partnership Grows Carlsberg Soft Drink Segment by 9%
• Positive Sentiment: Analysts and investors continue to view PEP’s discounted valuation and dividend yield as attractive relative to Coca-Cola, particularly for income-focused investors. Snack-market share gains and beverage resilience could support a gradual recovery. PepsiCo Is Struggling While Coca-Cola Hits All-Time Highs
• Neutral Sentiment: PepsiCo’s North American business faces softer consumer spending and pressure in key food categories. However, snack share gains and stronger beverages suggest management may be dealing with a temporary slowdown rather than a permanently weaker franchise. PepsiCo's North America Challenge: Temporary or Structural?
• Neutral Sentiment: Indian authorities reportedly seized PepsiCo-branded products connected to an alleged operation that falsified expiration dates and nutrition labels. PepsiCo and Coca-Cola were not accused of wrongdoing, limiting direct liability but creating some reputational and supply-chain attention. India busts firm faking expiry dates, nutrition labels on PepsiCo and Nestle food exports
• Negative Sentiment: PepsiCo confirmed damage to a production facility in Ukraine following a reported Russian strike. No injuries were reported, but possible disruption, repair costs and uncertainty about the site’s operating capacity add to geopolitical and execution risks. PepsiCo confirms damage to Ukraine plant

Analysts Set New Price Targets

Several research analysts have recently weighed in on PEP shares. UBS Group set a $159.00 price objective on PepsiCo in a research report on Thursday, July 9th. TD Cowen restated a "hold" rating on shares of PepsiCo in a research note on Friday. Citigroup downgraded PepsiCo from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. BNP Paribas Exane lowered their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $178.00 to $170.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 1st. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $157.90.

PepsiCo Price Performance

NASDAQ:PEP opened at $139.79 on Wednesday. The stock has a market capitalization of $190.80 billion, a PE ratio of 18.32, a P/E/G ratio of 3.08 and a beta of 0.35. PepsiCo, Inc. has a 1-year low of $133.73 and a 1-year high of $171.48. The firm has a fifty day simple moving average of $139.80 and a 200 day simple moving average of $149.00. 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 for the quarter, topping analysts' consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The business's revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 annualized dividend and a yield of 4.2%. PepsiCo's payout ratio is currently 77.59%.

Insider Buying and Selling at PepsiCo

In other 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 transaction of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares in the company, 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. Insiders own 0.12% of the company's stock.

About PepsiCo

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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