PepsiCo sees international growth amid institutional investment

PepsiCo is seeing a shift in its growth drivers as international markets increasingly contribute to its total volume. International business is expected to exceed $40 billion in revenue this year, with international markets now accounting for two-thirds of the company’s total beverage volume and more than 50% of its total food volume.

This shift comes as the company faces challenges in its North American segments. PepsiCo Foods North America reported flat sales volume in the second quarter of 2026, while PepsiCo Beverages North America saw a decrease in operating margin. Despite recent stock price volatility, the company maintains its status as a ‘Dividend King,’ having increased its dividend for at least 50 consecutive years.

In recent institutional activity, Westpac Banking Corp acquired a new position in PepsiCo during the second quarter, purchasing 14,774 shares valued at approximately $2 million. Other institutional investors, including Evergreen Advisors LLC and Swiss RE Ltd., have also recently established or adjusted positions in the company.