Ramsay Stattman Vela & Price Inc. Sells 6,373 Shares of PepsiCo, Inc. $PEP

Ramsay Stattman Vela & Price Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,053 shares of the company’s stock after selling 6,373 shares during the quarter. PepsiCo comprises approximately 2.5% of Ramsay Stattman Vela & Price Inc.’s investment portfolio, making the stock its 11th largest position. Ramsay Stattman Vela & Price Inc.’s holdings in PepsiCo were worth $12,431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Brighton Jones LLC raised its stake in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new stake in PepsiCo during the first quarter valued at $251,000. Sivia Capital Partners LLC grew its holdings in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after acquiring an additional 3,790 shares during the period. Schnieders Capital Management LLC. raised its position in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after purchasing an additional 167,707 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo reported Q2 revenue of $24.18 billion, above Wall Street estimates, and EPS of $2.20, roughly in line to slightly ahead of expectations. The company also said international demand remained strong, helping offset softness in North America. PepsiCo Inc (PEP) Q2 2026 Earnings Call Highlights
• Positive Sentiment: PepsiCo reaffirmed its full-year outlook, which may reassure investors that management still expects the business to stabilize later in 2026. PepsiCo Q2 Profit Surges, Core Margin Drops, Confirms FY26 View; Stock Down
• Positive Sentiment: Some coverage highlighted international volume growth and improved organic sales, suggesting PepsiCo still has pricing power and growth outside the U.S. PepsiCo beats revenue estimates as volumes improve globally
• Neutral Sentiment: PepsiCo cut prices on some snack products, including Lay’s and Doritos, to help win back shoppers, but that move has not yet translated into stronger North American sales. PepsiCo drops prices on Lay’s and Doritos by 15% as fast-food fatigue hits snack sales
• Negative Sentiment: Weak U.S. consumer demand, especially in North America, overshadowed the earnings beat and raised concerns about volume trends and margin pressure. Why PepsiCo (PEP) Stock Is Trading Lower Today
• Negative Sentiment: Management also pointed to higher commodity and fuel-related costs, with the CEO saying gas prices are affecting consumer spending and snack purchases. PepsiCo Says Gas Prices Cutting Into US Consumer Food Spending

Analyst Upgrades and Downgrades

PEP has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Monday. Jefferies Financial Group set a $162.00 price target on PepsiCo in a report on Thursday, June 25th. Citigroup reduced their price objective on shares of PepsiCo from $182.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, June 25th. Finally, BNP Paribas Exane lowered their price objective on shares of PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $162.65.

PepsiCo Stock Down 3.3%

Shares of NASDAQ PEP opened at $137.86 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The company has a 50-day moving average price of $145.78 and a 200-day moving average price of $151.56. The stock has a market capitalization of $188.42 billion, a P/E ratio of 21.64, a P/E/G ratio of 2.87 and a beta of 0.36. PepsiCo, Inc. has a 1 year low of $133.63 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its 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. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.62 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.3%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

PepsiCo 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.