Swedbank AB increased its stake in PepsiCo. The stake grew by 8.5% during the first quarter. This news emerged on July 8, 2026. The increase follows other recent institutional purchases, reflecting positive sentiment from large investors. PepsiCo will release its second-quarter earnings report on July 9.
In a contrasting move, JP Morgan trimmed its price target for PepsiCo. The new target is $170, down from $178. JP Morgan maintained an 'Overweight' rating. The adjustment reflects moderated expectations for upcoming earnings. These expectations stem from pricing and product mix assumptions. The market shows mixed signals. Investors weigh a potential business turnaround against broader economic pressures ahead of the earnings announcement.