Penobscot Investment Management Company Inc. Sells 5,987 Shares of PepsiCo, Inc. $PEP

Posted by Joseph Casey on Jul 8th, 2026

Penobscot Investment Management Company Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 13.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,830 shares of the company’s stock after selling 5,987 shares during the period. Penobscot Investment Management Company Inc.’s holdings in PepsiCo were worth $6,185,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of PepsiCo in the 4th quarter valued at $26,000. Swiss RE Ltd. bought a new position in PepsiCo during the fourth quarter worth $28,000. MH & Associates Securities Management Corp ADV acquired a new position in PepsiCo in the fourth quarter valued at $29,000. Imprint Wealth LLC bought a new stake in PepsiCo during the third quarter valued at $31,000. Finally, Networth Advisors LLC grew its holdings in PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $144.98 on Wednesday. PepsiCo, Inc. has a 52 week low of $132.96 and a 52 week high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock has a 50 day moving average price of $146.38 and a two-hundred day moving average price of $151.68. The firm has a market capitalization of $198.15 billion, a P/E ratio of 22.76, a P/E/G ratio of 2.89 and a beta of 0.36.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.48 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were issued a $1.48 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Friday, June 5th. PepsiCo’s dividend payout ratio is currently 92.94%.

Analysts Set New Price Targets

PEP has been the topic of several recent analyst reports. TD Cowen dropped their price target on PepsiCo from $165.00 to $150.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Sanford C. Bernstein set a $142.00 price objective on shares of PepsiCo and gave the company a “market perform” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Evercore lifted their price target on shares of PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Finally, Rothschild & Co Redburn upped their price objective on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. 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 MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $165.00.

Read Our Latest Research Report on PepsiCo

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: Investors are buying ahead of earnings, expecting PepsiCo’s pricing reset, product simplification, and new product launches to support a recovery in demand and volume growth. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
Positive Sentiment: Market commentary from Jim Cramer framed PepsiCo as a quality stock that may benefit from rotation into defensive names, which can support sentiment even during broader volatility. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
Neutral Sentiment: Investors are watching for a potentially large post-earnings move, with options pricing implying the stock could swing meaningfully after results. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
Neutral Sentiment: Broader market headlines are keeping consumer staples and blue chips in focus, but they do not directly change PepsiCo’s fundamentals. Chips Slip Again as Caterpillar Bites the Dow: Stock Market Today
Negative Sentiment: Barclays recently cut its price target and warned that PepsiCo’s turnaround could be losing momentum, highlighting risk if North American demand remains weak. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings

About PepsiCo

(Free Report)

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.