Bank of New York Mellon Corp Has $1.73 Billion Holdings in PepsiCo, Inc. $PEP

Bank of New York Mellon Corp lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the first quarter, Holdings Channel.com reports. The institutional investor owned 11,114,154 shares of the company’s stock after selling 319,810 shares during the period. Bank of New York Mellon Corp’s holdings in PepsiCo were worth $1,725,917,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of PepsiCo by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock valued at $19,875,205,000 after purchasing an additional 1,612,652 shares during the period. State Street Corp grew its stake in PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after purchasing an additional 1,079,970 shares during the period. Auto Owners Insurance Co grew its stake in PepsiCo by 14,857.8% during the fourth quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after purchasing an additional 48,923,629 shares during the period. Geode Capital Management LLC increased its holdings in PepsiCo by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock worth $4,814,835,000 after purchasing an additional 360,936 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock valued at $4,031,646,000 after buying an additional 295,955 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $135.40 on Thursday. The company has a fifty day simple moving average of $144.21 and a 200 day simple moving average of $151.34. PepsiCo, Inc. has a 12-month low of $133.75 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. The company has a market cap of $184.81 billion, a P/E ratio of 17.75, a PEG ratio of 2.97 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 9th. The company reported $2.20 earnings per share 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 firm had revenue of $24.18 billion for the quarter, compared to the consensus estimate of $23.95 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.58 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were issued a $1.48 dividend. The ex-dividend date was Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

Key Stories Impacting PepsiCo

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on PEP. 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 report on Wednesday, July 1st. Bank of America cut their target price 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. Sanford C. Bernstein set a $134.00 price target on shares of PepsiCo in a report on Friday, July 10th. TD Cowen dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft set a $155.00 price objective on shares of PepsiCo 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 company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $157.70.

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.