Morningstar Investment Management LLC Sells 4,466 Shares of PepsiCo, Inc. $PEP

Morningstar Investment Management LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 58,982 shares of the company’s stock after selling 4,466 shares during the quarter. Morningstar Investment Management LLC’s holdings in PepsiCo were worth $9,159,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in PEP. Compound Planning Inc. grew its stake in shares of PepsiCo by 22.3% in the first quarter. Compound Planning Inc. now owns 16,168 shares of the company’s stock worth $2,511,000 after acquiring an additional 2,946 shares during the last quarter. Modern Wealth Management LLC boosted its holdings in PepsiCo by 8.7% in the 1st quarter. Modern Wealth Management LLC now owns 20,983 shares of the company’s stock valued at $3,245,000 after purchasing an additional 1,677 shares during the period. Keebeck Wealth Management grew its position in PepsiCo by 713.3% in the 1st quarter. Keebeck Wealth Management now owns 16,469 shares of the company’s stock worth $2,558,000 after purchasing an additional 14,444 shares during the last quarter. Caxton Associates LLP acquired a new stake in PepsiCo during the first quarter worth about $267,000. Finally, Dickmeyer Boyce Financial Management Inc. acquired a new position in PepsiCo in the 1st quarter valued at approximately $1,491,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors bought an unusually large number of PepsiCo call options, with call volume running about 70% above average, signaling bullish trading activity and expectations for upside.
• Positive Sentiment: News that Quaker Oats plans a major expansion at PepsiCo’s North Texas facility could be viewed as a long-term growth and capacity positive. PepsiCo’s Quaker Oats plans major expansion at its North Texas facility
• Neutral Sentiment: PepsiCo is still trading near the lower end of its 52-week range, which reflects recent weakness, but also leaves room for a rebound if sentiment improves.
• Negative Sentiment: Zacks Research trimmed multiple PepsiCo earnings estimates, including FY2026, FY2027, FY2028 and several quarterly forecasts, which may pressure the stock by reinforcing concerns about earnings momentum.
• Negative Sentiment: Reports that PepsiCo will cease warehouse operations at an Oklahoma production site may raise concerns about restructuring or operational disruption. PepsiCo to cease warehouse operations at Oklahoma production site
• Negative Sentiment: One Seeking Alpha article argued PepsiCo should be downgraded to “Sell,” reflecting continued skepticism about the stock’s near-term return potential. PepsiCo: ‘Upgrading’ From Strong Sell To Sell, But I Still Expect Frozen Returns

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PEP. Jefferies Financial Group decreased their price target on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating on the stock in a research note on Friday, July 10th. The Goldman Sachs Group upped their target price on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Piper Sandler set a $176.00 price target on shares of PepsiCo in a research note on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Finally, TD Cowen cut their price objective on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a report on Friday, July 10th. Seven research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.90.

PepsiCo Trading Up 1.3%

Shares of PEP opened at $136.64 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93. The company has a market cap of $186.50 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.96 and a beta of 0.36. The stock has a fifty day moving average price of $142.11 and a two-hundred day moving average price of $150.93. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping 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 company had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. During the same quarter in the prior year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Analysts predict that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.3%. PepsiCo’s payout ratio is currently 77.59%.

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.