Campbell Newman Asset Management 13F: Cuts PEP Stake by $961K

Campbell Newman Asset Management reduced its holdings in PepsiCo, Inc. PEP by 7,586 shares during the quarter, according to a Form 13F filing on October 22, 2026. The adjustment lowered the firm's stake by 4.1% to 178,157 shares, which had a reported value of $22,576,055 at the time of the report. On the filing date, PepsiCo shares closed at $138.83.

PEP PepsiCo, Inc.

$138.11 ▲ +0.06% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's PepsiCo Position

The fund held 185,743 shares of the beverage maker before the reduction. By trimming 7,586 shares, Campbell Newman brought its ending share count down to 178,157. The remaining stake is worth roughly $22.6 million based on filing valuations.

Other Institutional Activity in PepsiCo

Other major investors also adjusted their positions in the beverage and snack company during the period. Assenagon Asset Management S.A. cut its holdings by 2,467,218 shares, ending with 1,248,594 shares valued at $158,221,832. Mirae Asset Securities opened a new position with 95,705 shares worth $12,127,738. LMCG Investments grew its holdings by 8,085 shares, ending with 90,849 shares worth about $11,512,327. Smith Chas P & Associates Pa Cpas grew its holdings by 13,571 shares, ending with 272,823 shares worth about $35,873,480. Integrated Advisors Network grew its holdings by 11,368 shares, ending with 32,752 shares worth about $4,150,366.

PepsiCo, Inc. Stock Up 1.7%

PepsiCo recently traded around $136.34 on October 23, 2026, sitting below its $138.83 close on the day of the filing. The stock trades above its 50-day moving average of $134.21 but sits below its 200-day moving average of $146.18. Shares have traded in a 52-week range between $123.47 and $171.48.

Recent Earnings

PepsiCo reported trailing twelve-month revenues of $98.24 billion and earnings of $7.95 per share. The business generated a net profit margin of 11.1% and a return on equity of 52.2%. The next quarterly earnings report is scheduled for release on February 2, 2027.

Dividend

PepsiCo pays an annual dividend rate of $5.92 per share, yielding 4.4% with a payout ratio of 73.0%.

Insider Buying and Selling at PepsiCo, Inc.

Chief Executive Officer Ramon L. Laguarta sold 27,945 shares at $167.39 on March 2, 2026, for a total of $4,677,610. Officer Eugene Willemsen sold 6,500 shares valued at $1,068,923 on March 4, 2026. General Counsel David James Flavell sold 2,900 shares at $139.54 on July 27, 2026, totaling $404,674. Director Robert C. Pohlad bought 184,646 shares at $128.28 on October 14, 2026, for $23,686,388.88.

Analysts Set New Price Targets

Citigroup maintained a neutral rating on October 9, 2026, lowering its target from $142.00 to $135.00. JP Morgan maintained a neutral rating on October 9, 2026, lowering its target from $138.00 to $137.00. BNP Paribas maintained an outperform rating on October 9, 2026, lowering its target from $161.00 to $157.00. Piper Sandler maintained an overweight rating on October 9, 2026, reducing its target from $176.00 to $140.00. Barclays maintained an equal-weight rating on October 12, 2026, lowering its target from $133.00 to $126.00. Overall, the stock carries a consensus hold rating and a mean price target of $141.59 across 22 analyst opinions.

About PepsiCo

Headquartered in Purchase, New York, PepsiCo manufactures, markets, and distributes a wide variety of beverages and convenient foods worldwide. Well-known brands include its namesake sodas, Quaker Oats, Frito-Lay snacks, Gatorade, and Tropicana products. The company operates through several geographic and product-focused segments across North America and international markets.

Bottom Line

Investors will watch for future institutional filings and upcoming earnings reports in February to gauge demand for the consumer goods company. Portfolio adjustments by asset managers like Campbell Newman highlight ongoing shifts in large-cap defensive stock allocations.