Glenmede Trust Co. NA Sells 3,766 Shares of PepsiCo, Inc. $PEP

Glenmede Trust Co. NA lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 850,180 shares of the company’s stock after selling 3,766 shares during the quarter. Glenmede Trust Co. NA’s holdings in PepsiCo were worth $132,024,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Evergreen Advisors LLC bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in PepsiCo in the 4th quarter valued at about $26,000. Swiss RE Ltd. bought a new position in PepsiCo in the 4th quarter worth about $28,000. MH & Associates Securities Management Corp ADV bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $29,000. Finally, Imprint Wealth LLC purchased a new stake in shares of PepsiCo in the third quarter valued at approximately $31,000. 73.07% of the stock is currently owned by institutional investors.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s price reductions appear to be encouraging consumers to buy more products, potentially supporting volume growth in the second half of 2026. This could help stabilize demand, particularly in North America, where consumers have pushed back against higher prices. PepsiCo Has Gone Practically Nowhere for a Year
• Positive Sentiment: A reported $22 million ratio call diagonal spread indicates at least one large options trader is positioned for upside ahead of PepsiCo’s third-quarter earnings, potentially improving short-term sentiment. PepsiCo Options Trade
• Positive Sentiment: PepsiCo purchased the low-carbon attributes of green ammonia produced by Envision, supporting its sustainability goals and potentially reducing the emissions profile of fertilizer and manufacturing inputs. The financial impact was not disclosed. PepsiCo Buys Green Ammonia Attributes
• Neutral Sentiment: The board approved a quarterly dividend of $1.48 per share, reinforcing PepsiCo’s income-investment appeal. However, the roughly 4% yield and approximately 78% payout ratio also highlight limited room for error if earnings weaken. PepsiCo Dividend and Brand Strategy
• Neutral Sentiment: New initiatives focused on women’s health, localized flavors and brand marketing may support long-term innovation, but these reports provide no immediate earnings or guidance changes. PepsiCo also discontinued a product, reflecting portfolio management with limited near-term stock implications. PepsiCo Women’s Health Strategy
• Negative Sentiment: Price cuts may boost volume but could pressure revenue growth and profitability. Analysts are also lowering consumer-staples estimates as shoppers resist price increases, raising concerns about PepsiCo’s margins and North American snack demand. Consumer Staples Estimate Outlook
• Negative Sentiment: PepsiCo EVP David Flavell sold 2,900 shares worth about $405,000. The sale was relatively small compared with his remaining holdings, but insider selling can add modestly to investor caution. SEC Insider Transaction Filing

Insider Transactions at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company’s 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 transaction, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PEP. HSBC lifted their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Barclays increased their target price 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. Citigroup lowered shares of PepsiCo from a “buy” rating to a “neutral” rating and reduced their price target for the company from $170.00 to $145.00 in a report on Friday, July 10th. Finally, TD Cowen lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Seven 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. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $157.90.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $139.56 on Friday. The company has a market capitalization of $190.48 billion, a PE ratio of 18.29, a P/E/G ratio of 3.08 and a beta of 0.36. The company has a 50-day simple moving average of $141.27 and a two-hundred day simple moving average of $151.00. PepsiCo, Inc. has a one year low of $133.73 and a one year high of $171.48. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.74 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 last year, the business earned $0.92 EPS. The company’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. Research analysts expect that PepsiCo, Inc. will post 8.57 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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

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.