New Mexico Educational Retirement Board Acquires 5,400 Shares of PepsiCo, Inc. $PEP

New Mexico Educational Retirement Board boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,085 shares of the company’s stock after acquiring an additional 5,400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in PepsiCo were worth $9,219,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Swiss Life Asset Management Ltd lifted its stake in PepsiCo by 11.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after purchasing an additional 42,335 shares during the last quarter. National Pension Service increased its position in PepsiCo by 2.5% in the fourth quarter. National Pension Service now owns 3,143,939 shares of the company’s stock worth $451,218,000 after buying an additional 77,051 shares during the last quarter. Allstate Corp raised its stake in shares of PepsiCo by 108.1% in the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after buying an additional 54,405 shares during the period. First Nebraska Trust Co purchased a new position in shares of PepsiCo during the 1st quarter valued at $10,782,000. Finally, Knights of Columbus Asset Advisors LLC grew its stake in shares of PepsiCo by 90.0% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 94,652 shares of the company’s stock worth $13,584,000 after acquiring an additional 44,824 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $140.52 on Thursday. The firm has a 50 day moving average of $139.77 and a 200-day moving average of $148.81. The firm has a market capitalization of $191.79 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 2.94 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is 77.59%.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Bank of America reaffirmed a Neutral rating but maintained a $152 price target, implying potential upside from the recent trading level. The firm cited international strength as an offset to weakness in PepsiCo’s North American operations. PepsiCo analyst rating
• Positive Sentiment: Recent commentary highlights PepsiCo’s dividend appeal, defensive consumer-staples exposure and management’s reiterated revenue-growth targets. Its valuation and roughly higher yield than Coca-Cola may attract income-oriented investors, although the company still faces execution risks. PepsiCo revenue-growth targets
• Positive Sentiment: PepsiCo signed a seven-year, multimillion-dollar partnership with Arizona Athletic Grounds as its official soft-drink provider, supporting brand visibility and long-term distribution. Arizona Athletic Grounds partnership
• Neutral Sentiment: PepsiCo joined Mondelēz and pladis in a circular-packaging trial using watermarking technology. The initiative may improve sustainability credentials, but its near-term financial impact is unclear. Circular packaging trial
• Negative Sentiment: PepsiCo confirmed damage at a Ukrainian production facility following conflict-related events. No injuries were reported, but possible disruption, repair costs and lost production add uncertainty. Ukraine plant damage
• Negative Sentiment: Soft North American demand and category pressure remain the main concern. Analysts note snack-market share gains and beverage resilience, but investors are watching whether weakness is temporary or structural. PepsiCo North America demand
• Negative Sentiment: PepsiCo is reportedly cutting 105 warehouse jobs as part of additional U.S. distribution changes. The actions could improve efficiency, but also reinforce concerns about slowing demand and ongoing restructuring. Warehouse job cuts
• Negative Sentiment: The Obesity Action Coalition urged PepsiCo to continue employee coverage for GLP-1 obesity medicines. The dispute creates potential reputational and employee-relations risks, though the direct financial effect is uncertain. GLP-1 coverage dispute

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PEP shares. Evercore set a $150.00 price objective on PepsiCo in a research note on Thursday, July 9th. TD Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Friday, August 28th. Bank of America dropped their price target on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Monday, July 6th. Seven research 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 data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $157.90.

Insider Transactions at PepsiCo

In related news, EVP David Flavell sold 2,900 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,441,080.50. The trade was a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

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.