PepsiCo, Inc. $PEP Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 18.3% during the first quarter, HoldingsChannel reports. The firm owned 172,456 shares of the company’s stock after selling 38,627 shares during the period. Illinois Municipal Retirement Fund’s holdings in PepsiCo were worth $26,781,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of PEP. Brighton Jones LLC grew its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of PepsiCo during the first quarter worth $251,000. Sivia Capital Partners LLC boosted its stake in shares of PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after purchasing an additional 3,790 shares during the period. Schnieders Capital Management LLC. grew its holdings in PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in PepsiCo by 45.5% during 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 in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP opened at $135.40 on Thursday. The company has a market capitalization of $184.81 billion, a P/E ratio of 17.75, a PEG ratio of 2.97 and a beta of 0.36. The company has a 50-day moving average of $144.21 and a 200-day moving average of $151.34. 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, Inc. has a 1-year low of $133.75 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 9th. The company reported $2.20 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 quarter last year, the company posted $0.92 earnings per share. The company’s quarterly 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. Equities analysts expect that PepsiCo, Inc. will post 8.58 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s dividend payout ratio is 77.59%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo in a report on Friday, July 10th. Piper Sandler set a $176.00 target price on PepsiCo in a research note on Thursday, July 9th. Bank of America cut their price target on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research note on Thursday, June 25th. Wells Fargo & Company reduced 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. Finally, BNP Paribas Exane lowered their price objective on PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a research note on Wednesday, July 8th. Seven analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $157.70.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s CEO said the company is maintaining its full-year guidance even as higher gas prices raise input and logistics costs, suggesting management still sees the business on track. PepsiCo CEO maintains full-year guidance amid higher gas prices
• Positive Sentiment: Some coverage continues to highlight PepsiCo as a quality dividend stock, which can support investor interest in the name during periods of market volatility. Wall Street Is Sleeping on These 5 Quality Dividend Stocks: Grab Them Now Before It’s Too Late
• Neutral Sentiment: RBC Capital kept a Sector Perform rating but trimmed its price target to $161 from $163 after calling the latest quarter mixed, signaling a cautious but not outright bearish stance. RBC Capital Keeps Sector Perform Rating on PepsiCo (PEP)
• Neutral Sentiment: Articles on PepsiCo’s digital-twin efforts and local resilience point to operational improvements and supply-chain flexibility, but these themes are longer-term and less likely to move the stock immediately. Inside PepsiCo’s digital twin revolution PepsiCo doubles down on local resilience
• Neutral Sentiment: Commentary from Jim Cramer and other market-watch pieces suggests PepsiCo can do better, but these are opinion-driven and do not add a clear new catalyst. Jim Cramer Believes PepsiCo, Inc. (PEP) Can Do Better
• Negative Sentiment: Several reports say PepsiCo’s turnaround is stalling as consumers rethink snacking, with analysts pushing back on the company’s growth narrative and questioning its North American strategy. PepsiCo’s turnaround stutters as Americans rethink snacking Where Analysts Pushed Back On PEP Stock’s Latest Earnings Call
• Negative Sentiment: Broader commentary on consumer staples warns that food company dividends may be at risk, reinforcing concerns about a tougher operating environment for PepsiCo and similar names. Conagra and 6 More Food Stock Dividends That Are at Risk

About PepsiCo

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.