Eldred Rock Partners LLC Has $13.13 Million Position in PepsiCo, Inc. $PEP

Eldred Rock Partners LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 97,005 shares of the company’s stock after acquiring an additional 5,944 shares during the period. PepsiCo makes up 2.8% of Eldred Rock Partners LLC’s portfolio, making the stock its 18th biggest position. Eldred Rock Partners LLC’s holdings in PepsiCo were worth $13,134,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Evergreen Advisors LLC acquired a new position in PepsiCo in the first quarter worth about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Imprint Wealth LLC acquired a new position in shares of PepsiCo in the 3rd quarter worth approximately $31,000. Finally, Networth Advisors LLC lifted its position in shares of PepsiCo by 2,857.1% during the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock worth $32,000 after buying an additional 200 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PEP shares. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Evercore set a $150.00 price objective on PepsiCo in a research report on Thursday, July 9th. Barclays boosted their price objective on PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, The Goldman Sachs Group lifted their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $157.90.

Insider Buying and Selling

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the stock in a transaction on Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the sale, the executive vice president directly owned 74,825 shares in the company, valued at approximately $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

PepsiCo Trading Up 0.4%

NASDAQ PEP opened at $139.02 on Friday. PepsiCo, Inc. has a 12 month low of $133.73 and a 12 month high of $171.48. The stock has a 50-day simple moving average of $140.48 and a 200 day simple moving average of $150.80. 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 capitalization of $189.75 billion, a PE ratio of 18.22, a P/E/G ratio of 3.04 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 9th. The company reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The firm had revenue of $24.18 billion for the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.57 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be issued a dividend of $1.48 per share. The ex-dividend date is Friday, September 4th. This represents a $5.92 dividend on an annualized basis and a yield of 4.3%. PepsiCo’s payout ratio is currently 77.59%.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Valuation-focused analysis suggests PEP may be trading below its estimated intrinsic value based on discounted cash flow and traditional market multiples. The decline may have already lowered investor expectations, creating potential upside if execution improves. PepsiCo Stock Looks Reasonable As Shares Fell 16% In 3 Years
• Positive Sentiment: PepsiCo’s price-pack strategy is reportedly helping revive U.S. salty-snack volumes. Sustained volume improvement through late 2026 and into 2027 could support revenue growth and earnings momentum. Can PepsiCo’s Price-Pack Strategy Successfully Boost Volumes in 2026?
• Positive Sentiment: Wall Street analysts remain moderately optimistic despite PEP’s underperformance versus the broader market. Its dividend yield above 4% and relatively modest valuation also make the shares appealing to income-oriented investors. Are Wall Street Analysts Predicting PepsiCo Stock Will Climb or Sink?
• Neutral Sentiment: PepsiCo is launching its Alvalle gazpacho brand in the United States, adding another product opportunity, although the near-term financial impact is likely limited. PepsiCo Launching Alvalle Gazpacho in U.S.
• Negative Sentiment: Commentary highlights PepsiCo’s weaker domestic sales and its lagging performance relative to Coca-Cola, reinforcing concerns that U.S. consumers may be resisting price increases or shifting spending. PepsiCo Lags Coca-Cola as Domestic Sales Stumble
• Negative Sentiment: PepsiCo’s dividend payout has approached 90% of free cash flow, raising questions about long-term dividend flexibility despite recent earnings acceleration. PepsiCo’s 90% Payout Ratio Looks Unsustainable
• Negative Sentiment: India’s food regulator will not extend the deadline for energy-drink labeling requirements affecting PepsiCo and other beverage makers, potentially increasing compliance costs or limiting marketing flexibility. FSSAI Won’t Ease Energy Drink Label Deadline

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.