Engineers Gate Manager LP Has $21.52 Million Holdings in PepsiCo, Inc. $PEP

Engineers Gate Manager LP increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 182.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 158,902 shares of the company’s stock after purchasing an additional 102,558 shares during the period. Engineers Gate Manager LP’s holdings in PepsiCo were worth $21,515,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. National Pension Service boosted its stake in shares of PepsiCo by 2.5% during the 4th quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after acquiring an additional 77,051 shares in the last quarter. Allstate Corp lifted its holdings in PepsiCo by 108.1% in the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after purchasing an additional 54,405 shares during the last quarter. First Nebraska Trust Co bought a new stake in PepsiCo during the first quarter worth approximately $10,782,000. Knights of Columbus Asset Advisors LLC lifted its stake in shares of PepsiCo by 90.0% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock worth $13,584,000 after buying an additional 44,824 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in shares of PepsiCo by 4.8% during the 1st quarter. IFM Investors Pty Ltd now owns 273,135 shares of the company’s stock worth $42,415,000 after buying an additional 12,472 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $155.00 price target on shares of PepsiCo in a report on Friday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Wells Fargo & Company cut their price target on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating for the company in a report on Friday, July 10th. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $170.00 to $145.00 in a research report on Friday, July 10th. Finally, Jefferies Financial Group reduced their price target on shares of PepsiCo from $162.00 to $152.00 and set a “hold” rating for the company in a report on Friday, July 10th. Seven investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $157.90.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is pursuing automation, cost reductions and higher marketing spending to accelerate growth. Management expects efficiency gains to help fund brand investment, while expanded advertising could support demand over time. PepsiCo’s plan to accelerate growth
• Positive Sentiment: PepsiCo secured a partnership with The Great Greek Mediterranean Grill as the restaurant chain’s official soft-drink provider and launched new signature lemonades and refreshers. The agreement offers incremental distribution and visibility for PepsiCo beverages. Great Greek partnership announcement
• Positive Sentiment: Analysts and income investors continue to point to PepsiCo’s roughly 4% dividend yield and decades-long record of annual increases. Its underperformance versus Coca-Cola is being framed by some commentators as a potential value opportunity, although this is opinion rather than a new company catalyst. Pepsi versus Coca-Cola dividend comparison
• Neutral Sentiment: PepsiCo’s $1.7 billion Publicis agreement is reshaping its global media and advertising operations. The deal could improve marketing coordination and efficiency, but its near-term financial benefits and execution costs remain uncertain. Pepsi and Publicis deal
• Negative Sentiment: Coverage of GLP-1 drugs and shifting diets indicates potential pressure on traditional salty snacks and sugary beverages. PepsiCo is responding by targeting a reported $271 billion fresh-food market and exploring new food categories, but the transition could require investment before producing meaningful growth. GLP-1 drugs and PepsiCo’s fresh-food strategy
• Negative Sentiment: Investors are also weighing PepsiCo’s muted long-term share performance against Coca-Cola’s stronger returns. The comparison reinforces concerns about slower growth, even though PepsiCo’s higher yield may attract income-focused investors. Coca-Cola versus PepsiCo dividend comparison

PepsiCo Stock Down 1.3%

PEP opened at $136.69 on Thursday. PepsiCo, Inc. has a fifty-two week low of $133.73 and a fifty-two week high of $171.48. The company has a market capitalization of $186.57 billion, a P/E ratio of 17.91, a P/E/G ratio of 2.92 and a beta of 0.35. 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 firm’s fifty day moving average price is $139.65 and its two-hundred day moving average price is $147.88.

PepsiCo (NASDAQ:PEP) last issued its earnings results 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 net margin of 10.78% and a return on equity of 54.63%. The business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the business earned $0.92 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 annualized dividend and a yield of 4.3%. PepsiCo’s payout ratio is currently 77.59%.

Insider Transactions at PepsiCo

In other PepsiCo news, EVP David Flavell sold 2,900 shares of PepsiCo 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 transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

About PepsiCo

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company headquartered in Purchase, New York. Its portfolio includes carbonated soft drinks, sports drinks, bottled water, juices, ready-to-drink beverages, snack foods and convenient foods. Major brands include Pepsi, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker and SodaStream.

The company sells products through a broad range of channels, including grocery stores, convenience stores, restaurants, food-service providers, vending operations and e-commerce platforms.