Mendel Money Management Cuts Position in PepsiCo, Inc. $PEP

Posted by Latisha Jones on Feb 20th, 2026

Mendel Money Management cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 40.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,366 shares of the company’s stock after selling 11,341 shares during the quarter. Mendel Money Management’s holdings in PepsiCo were worth $2,298,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Clayton Financial Group LLC bought a new stake in PepsiCo during the 3rd quarter valued at $872,000. Avantax Advisory Services Inc. raised its stake in shares of PepsiCo by 2.6% during the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after purchasing an additional 4,627 shares in the last quarter. Kathmere Capital Management LLC grew its position in PepsiCo by 122.6% in the 3rd quarter. Kathmere Capital Management LLC now owns 20,365 shares of the company’s stock valued at $2,860,000 after buying an additional 11,217 shares in the last quarter. Pinnacle Associates Ltd. raised its position in shares of PepsiCo by 9.7% during the 2nd quarter. Pinnacle Associates Ltd. now owns 152,193 shares of the company’s stock worth $20,096,000 after buying an additional 13,517 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of PepsiCo by 11.7% in the second quarter. Invesco Ltd. now owns 12,659,046 shares of the company’s stock valued at $1,671,500,000 after acquiring an additional 1,330,888 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP opened at $164.59 on Friday. The firm has a market capitalization of $224.94 billion, a P/E ratio of 27.43, a PEG ratio of 3.13 and a beta of 0.40. The stock has a fifty day moving average of $150.96 and a 200-day moving average of $147.74. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The firm had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. During the same period in the prior year, the business earned $1.96 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.5%. PepsiCo’s payout ratio is presently 94.83%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: Court win reduces legal overhang — A U.S. court granted PepsiCo and Frito‑Lay an order barring a class action over snack pricing, lowering potential litigation risk and related costs for the snacks segment. PepsiCo, Frito-Lay win US court order barring class action in snack pricing lawsuit
Positive Sentiment: New product scale — PepsiCo’s prebiotic soda is now being rolled out nationwide, supporting innovation in higher‑margin, health‑oriented beverages that can drive category growth and mix improvement. PepsiCo’s prebiotic soda is now nationwide. Here’s what it is
Positive Sentiment: Marketing / distribution boost — Mountain Dew Baja Blast named the official soft drink of MLB increases brand visibility and seasonally relevant demand opportunities for the beverage portfolio. PepsiCo’s Mountain Dew Baja Blast becomes official soft drink of MLB
Positive Sentiment: Portfolio transformation toward health & fiber — Management is investing in fiber snacks, hydration and functional beverages (prebiotic cola, fiber snacks) and experimenting with creator‑led product launches aimed at Gen Z — initiatives that support long‑term growth and margin expansion if successful. PepsiCo plays ‘offense’ to transform portfolio for health-conscious consumers
Positive Sentiment: Dividend reliability — Recent quarterly dividend payment continues PepsiCo’s long track record of increases, supporting appeal to income investors. Retirees Are Quietly Accumulating This 8% Dividend Grower With a Half-Century of Increases
Neutral Sentiment: Analyst rating update — Argus moved PepsiCo to a “hold” (from a lower or different stance), a minor near‑term signal but not a major catalyst. Zacks / Argus coverage
Neutral Sentiment: Investor presentation content — PepsiCo’s CAGNY presentation and related slides reiterated strategy (innovation, mix shift), offering transparency but no immediate new guidance. PepsiCo Presents at CAGNY Conference — Transcript
Negative Sentiment: Analyst cuts to near‑term EPS — Zacks Research lowered multiple quarterly and full‑year EPS estimates across 2026–2027, which can pressure sentiment if investors focus on near‑term earnings revisions despite strategic growth initiatives. Zacks Research: EPS estimate reductions

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group restated a “buy” rating and issued a $190.00 target price on shares of PepsiCo in a research report on Wednesday, February 4th. Barclays raised their target price on PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Piper Sandler boosted their price target on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 9th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $164.00 to $176.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. Finally, Rothschild & Co Redburn increased their target price on shares of PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research note on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $167.83.

Read Our Latest Stock Analysis on PEP

PepsiCo Profile

(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.