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

Tocqueville Asset Management L.P. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, HoldingsChannel reports. The firm acquired 69,115 shares of the company’s stock, valued at approximately $9,358,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in PepsiCo during the fourth quarter worth approximately $26,000. Swiss RE Ltd. acquired a new stake in PepsiCo during the fourth quarter worth approximately $28,000. Atlatl Advisers LLC purchased a new stake in PepsiCo in the 2nd quarter worth approximately $31,000. Finally, Imprint Wealth LLC acquired a new position in PepsiCo in the 3rd quarter valued at $31,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 completion of the transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at $10,441,080.50. This represents a 3.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by corporate insiders.

PepsiCo Trading Down 0.1%

Shares of PEP opened at $142.19 on Thursday. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The stock’s 50-day moving average is $139.92 and its two-hundred day moving average is $149.79. 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 cap 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) last announced its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating the consensus estimate of $2.19 by $0.01. The business 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 company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.57 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s payout ratio is presently 77.59%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein set a $134.00 price objective on PepsiCo in a report on Friday, July 10th. Morgan Stanley decreased their price target on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group lowered their price target on PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. Barclays increased their price objective on shares of PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Monday, July 6th. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $157.90.

Key Stories Impacting PepsiCo

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 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.