Rockland Trust Co. Raises Stock Position in PepsiCo, Inc. $PEP

Rockland Trust Co. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 367,153 shares of the company’s stock after acquiring an additional 9,403 shares during the quarter. PepsiCo makes up 1.8% of Rockland Trust Co.’s holdings, making the stock its 13th largest holding. Rockland Trust Co.’s holdings in PepsiCo were worth $46,526,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Onyx Bridge Wealth Group LLC grew its stake in PepsiCo by 2.5% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 2,673 shares of the company’s stock worth $415,000 after acquiring an additional 66 shares in the last quarter. Wilkerson Advisory Group LLC boosted its holdings in shares of PepsiCo by 3.3% in the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock valued at $317,000 after purchasing an additional 66 shares during the period. Richards Merrill & Peterson Inc. boosted its holdings in shares of PepsiCo by 3.6% in the first quarter. Richards Merrill & Peterson Inc. now owns 1,938 shares of the company’s stock valued at $301,000 after purchasing an additional 67 shares during the period. Partners Wealth Management LLC grew its stake in PepsiCo by 3.5% in the first quarter. Partners Wealth Management LLC now owns 1,998 shares of the company’s stock worth $310,000 after purchasing an additional 68 shares in the last quarter. Finally, Pittenger & Anderson Inc. increased its holdings in PepsiCo by 0.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock worth $3,866,000 after purchasing an additional 69 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Some investors view PepsiCo’s selloff as a long-term buying opportunity, citing its established consumer brands, defensive business model, and dividend appeal. 3 Numbers That Explain Why I’m Buying PepsiCo With My Next $5,000
• Positive Sentiment: Carlsberg agreed to acquire PepsiCo’s bottling operations in Georgia and Armenia, a transaction that could support portfolio optimization and generate proceeds, although the financial impact was not detailed. Carlsberg agrees to buy PepsiCo bottlers in Georgia and Armenia
• Neutral Sentiment: PepsiCo will report third-quarter fiscal 2026 results before the market opens on October 8. Options markets imply an approximately 3.75% move, signaling elevated near-term volatility as investors assess sales, margins, Frito-Lay demand, and guidance. PepsiCo Q3 Earnings Are on Oct. 8
• Negative Sentiment: Wells Fargo lowered its PepsiCo price target from $140 to $135 and maintained an “equal weight” rating, reflecting limited confidence in a near-term rebound. PepsiCo Stock Price Target Lowered at Wells Fargo
• Negative Sentiment: JPMorgan downgraded PepsiCo from “overweight” to “neutral,” adding to pressure on the shares ahead of earnings. JPMorgan Downgrades PepsiCo to Neutral
• Negative Sentiment: Reports continue to highlight Frito-Lay sales pressure, while PepsiCo recalled about 122,000 cases of Gatorade over missing dye-label information. The recall could create modest reputational and compliance concerns. PepsiCo Recalls 122,000 Cases of Gatorade

PepsiCo Stock Down 0.6%

Shares of PEP stock traded down $0.72 during mid-day trading on Monday, hitting $125.17. 3,692,544 shares of the stock traded hands, compared to its average volume of 7,931,236. The stock’s fifty day moving average is $137.01 and its two-hundred day moving average is $143.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.93 and a quick ratio of 0.74. PepsiCo, Inc. has a 52-week low of $124.21 and a 52-week high of $171.48. The stock has a market cap of $170.84 billion, a P/E ratio of 16.40, a P/E/G ratio of 2.86 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, July 9th. The company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. PepsiCo’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.56 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 4th were issued a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group set a $138.00 price target on PepsiCo in a research note on Tuesday, September 29th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating on the stock in a report on Friday, July 10th. Citigroup cut their target price on shares of PepsiCo from $145.00 to $142.00 and set a “neutral” rating on the stock in a research report on Thursday, September 24th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, TD Cowen cut their price objective on shares of PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a report on Monday, September 28th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.75.

Insider Buying and Selling at PepsiCo

In other news, EVP David Flavell sold 2,900 shares of the company’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total transaction of $404,666.00. Following the transaction, the executive vice president owned 74,825 shares in the company, valued at $10,441,080.50. This represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

PepsiCo Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company that develops, manufactures, markets and distributes a broad portfolio of snacks, drinks and convenient foods. Its beverage brands include Pepsi, Mountain Dew, Gatorade, 7UP in select markets, and bubly, while its food and snack brands include Lay’s, Doritos, Cheetos, Tostitos, Fritos, Quaker and Ruffles.

The company’s operations include beverage production and distribution, snack foods, convenient meals and nutrition-oriented products.