Harbour Trust & Investment Management Co Sells 3,706 Shares of PepsiCo, Inc. $PEP

Harbour Trust & Investment Management Co lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 65,110 shares of the company’s stock after selling 3,706 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in PepsiCo were worth $9,345,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. JCIC Asset Management Inc. purchased a new position in shares of PepsiCo in the third quarter worth approximately $27,000. MH & Associates Securities Management Corp ADV purchased a new stake in PepsiCo during the fourth quarter valued at approximately $29,000. Imprint Wealth LLC bought a new position in PepsiCo in the third quarter worth approximately $31,000. Strategic Advocates LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $33,000. Finally, Halbert Hargrove Global Advisors LLC raised its holdings in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. HSBC increased their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a report on Friday, April 17th. Barclays boosted their price target on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday. Argus raised shares of PepsiCo to a “hold” rating in a report on Tuesday, February 17th. TD Cowen lifted their price objective on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research report on Friday, February 20th. Finally, Wells Fargo & Company lifted their price target on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $170.26.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a multi-year strategic collaboration with Google Cloud to deploy Gemini Enterprise Agent and strengthen its multi?cloud digital foundation, aimed at faster analytics-to-action across supply chain and marketing — a potential long-term efficiency and growth catalyst. PepsiCo Gains As Google Cloud Partnership Boosts AI, Supply Chain Plans
• Positive Sentiment: PR and Cloud Next coverage expand on the Google Cloud deal, reinforcing execution plans to transform IT systems and scale AI across the business — signals investors view as supportive for margins and innovation. PepsiCo Deepens AI Capabilities with Google Cloud
• Positive Sentiment: Reported buying by Steve Cohen’s Point72 adds an institutional vote of confidence in PEP’s outlook and can support sentiment. Steve Cohen’s Point72 Is Aggressively Buying These 3 Stocks
• Positive Sentiment: Management says recent price cuts are yielding benefits — a tactical move that can help volume and share gains while supporting near-term revenue recovery. PepsiCo says price cuts are paying off
• Positive Sentiment: Product innovation and portfolio refreshes — Quaker Protein Rice Crisps and Bubly Wine Refreshers — support revenue diversification and health/slow?alcohol trends. QUAKER® EXPANDS PORTFOLIO WITH NEW PROTEIN RICE CRISPS OFFERING PepsiCo Launches Bubly Wine Refreshers
• Positive Sentiment: Company initiatives to broaden Gatorade’s market beyond athletes and to re-energize the foods segment indicate growth levers beyond core beverages. PepsiCo looks to broaden the market for Gatorade PepsiCo makes strides in re-energizing food business
• Neutral Sentiment: PepsiCo selected Carlsberg as its bottling and distribution partner in Northern Europe (effective 2029). This is a strategic supply-chain move that should simplify operations long-term but creates near-term transition risk. PepsiCo Hands Northern Europe Bottling To Carlsberg
• Neutral Sentiment: Operational stories — India farm-to-shelf overhaul and a planned virtual annual meeting — are material for governance/ops but unlikely to move the stock sharply on their own. Inside PepsiCo India’s farm-to-shelf overhaul PepsiCo Announces Webcast of Annual Meeting of Shareholders
• Negative Sentiment: Guru Organic Energy filed a C$15m suit alleging breach of distribution agreements with Pepsi’s Canadian bottling unit — a legal risk that could create costs and local distraction. Guru sues PepsiCo for alleged distribution agreement breach

PepsiCo Price Performance

NASDAQ:PEP opened at $153.79 on Thursday. The firm has a market capitalization of $210.20 billion, a price-to-earnings ratio of 24.14, a PEG ratio of 2.84 and a beta of 0.40. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The business has a 50 day simple moving average of $159.05 and a 200-day simple moving average of $151.92. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 16th. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. PepsiCo’s quarterly revenue was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo declared that its board has approved a stock repurchase program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, March 6th. PepsiCo’s dividend payout ratio is presently 89.32%.

PepsiCo Company Profile

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.