Smith Chas P & Associates Pa Cpas 13F: Adds $1.8M to PEP Stake

Smith Chas P & Associates Pa Cpas increased its holdings in PepsiCo, Inc. PEP during the quarter, according to a Form 13F filed with the U.S. Securities and Exchange Commission on October 22, 2026. The firm disclosed an additional 13,571 shares, marking a 5.2% increase from its previous position. That brings the firm's total stake to 272,823 shares, with a reported value of $35,873,480 at the time of the filing.

PEP PepsiCo, Inc.

$135.17 ▼ -2.07% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Smith Chas P & Associates Pa Cpas's PepsiCo Position

The institutional investment manager grew its investment in the snack and beverage giant by 13,571 shares. This adjustment lifted the total share count from 259,252 up to 272,823 shares, representing a 5.2% change over the prior period.

Other Institutional Activity in PepsiCo

Bell Bank grew its holdings by 15,858 shares, ending with 83,997 shares worth about $10,644,100. Orgel Wealth Management cut its position by 1,500 shares, bringing its stake to zero. Assenagon Asset Management S.A. reduced its holdings by 2,467,218 shares, leaving it with 1,248,594 shares valued at $158,221,832. Mirae Asset Securities opened a new position with 95,705 shares valued at $12,127,738. Betterment added a new holding of 1,654 shares worth about $230,724.

PepsiCo, Inc. Stock Up 1.7%

PepsiCo, Inc. recently traded around $136.34 on October 22, 2026, sitting below the closing price of $137.68 recorded on the filing date. The stock trades above its 50-day moving average of $134.21, but remains below its 200-day moving average of $146.18. The company has a 52-week low of $123.47 and a 52-week high of $171.48, giving it a market capitalization of roughly $183.56 billion.

Recent Earnings

PepsiCo reported trailing twelve-month revenue of $98.24 billion alongside earnings of $7.95 per share. The company posted a net profit margin of 11.1% and a return on equity of 52.2%, with year-over-year revenue growth landing at 5.6%. Investors look toward the company's next earnings report on February 2, 2027.

Dividend

PepsiCo pays an annual dividend of $5.92 per share, translating to a dividend yield of 4.4%. The company's payout ratio stands at 73.0% of earnings.

Insider Buying and Selling at PepsiCo, Inc.

Chief Executive Officer Ramon L. Laguarta sold 27,945 shares on March 2, 2026, at an average price of $167.39 for a total value of $4,677,610. Officer Eugene Willemsen sold 6,500 shares on March 4, 2026, valued at $1,068,923. General Counsel David James Flavell sold 2,900 shares on July 27, 2026, at an average price of $139.54 for a total of $404,674. In a separate transaction, Director Robert C. Pohlad purchased 184,646 shares on October 14, 2026, at an average price of $128.28 for a total value of $23,686,388.

Analysts Set New Price Targets

Citigroup maintained a neutral rating on October 9, 2026, lowering its target to $135.00 from $142.00. JP Morgan maintained a neutral rating on the same day, moving its target from $138.00 to $137.00. BNP Paribas maintained an outperform rating on October 9, 2026, adjusting its target down to $157.00 from $161.00. Piper Sandler maintained an overweight rating on October 9, 2026, lowering its target to $140.00 from $176.00. Barclays maintained an equal-weight rating on October 12, 2026, setting a target of $126.00 down from $133.00. Across the street, the stock carries a consensus hold rating and an average price target of $141.59 based on opinions from 22 analysts.

About PepsiCo

Headquartered in Purchase, New York, PepsiCo manufactures, markets, and distributes a wide range of beverages and convenience foods. The company operates through major divisions including PepsiCo Foods North America, PepsiCo Beverages North America, and various international segments, employing roughly 306,000 workers globally.

Bottom Line

Smith Chas P & Associates Pa Cpas expanded its investment in PepsiCo during a period marked by shifting analyst targets and notable insider transactions. Market participants will watch the company's upcoming earnings release on February 2, 2027, for further insight into operational performance and dividend sustainability.