PepsiCo (PEP) News Today

PepsiCo, Inc. (NASDAQ:PEP) shares dipped 0.1% on May 16 after a week of mixed signals from investors and analysts.

• Recent price moves:
  • PepsiCo rallied 1.7% earlier in the week on May 15 following upbeat Q1 commentary and a “buy” spotlight by MarketBeat’s stock screener.
  • Zacks reports PEP “ascends but remains behind the market,” noting the stock’s modest 0.37% gain on May 16 wasn’t enough to fully catch up.
  • Profit-taking and modest selling pressure led to the 0.1% decline on May 16.
• Institutional flows:
  • Polar Asset Management launched a new $47.9 million stake in Q4.
  • ProShare Advisors, Nuveen, NorthRock and Janus Henderson all modestly increased their PEP holdings.
  • Conversely, Snowden Capital Advisors (–19.1%), Siemens Fonds (–57.7%) and Quadcap Wealth (–52.4%) trimmed positions in the same period.
• Insider activity:
  • Rep. Julie Johnson sold $1,000–$15,000 of PEP shares on April 1, a routine filing tied to her Merrill Lynch tax-efficient account.
• Operational & ESG updates:
  • PepsiCo is cutting emissions at its Leicester snack factory by installing electric ovens, underscoring its sustainability efforts.
  • A labor strike at a Smith’s snack plant in South Australia and looming plastics-related litigation pose potential cost headwinds.

Overall, today’s slight pullback reflects short-term profit-taking amid a broader backdrop of varied fund flows, modest insider selling, and ongoing legal and labor risks offset by positive analyst commentary and sustainability initiatives.