GRIMES & Co WEALTH MANAGEMENT LLC Boosts Stock Position in PepsiCo, Inc. $PEP

GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 71,980 shares of the company’s stock after purchasing an additional 7,165 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in PepsiCo were worth $10,331,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of PepsiCo by 3.6% during the third quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after buying an additional 19,218 shares during the period. Murphy Middleton Hinkle & Parker Inc. lifted its position in PepsiCo by 622.3% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after purchasing an additional 30,674 shares during the period. Mediolanum International Funds Ltd lifted its position in PepsiCo by 19.3% in the third quarter. Mediolanum International Funds Ltd now owns 252,916 shares of the company’s stock valued at $35,451,000 after purchasing an additional 40,947 shares during the period. Townsquare Capital LLC lifted its position in PepsiCo by 96.5% in the third quarter. Townsquare Capital LLC now owns 40,383 shares of the company’s stock valued at $5,671,000 after purchasing an additional 19,829 shares during the period. Finally, NEOS Investment Management LLC lifted its position in PepsiCo by 65.8% in the third quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock valued at $81,049,000 after purchasing an additional 229,121 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $156.29 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. 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 firm has a market capitalization of $213.61 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.86 and a beta of 0.38. The company’s fifty day moving average price is $157.25 and its two-hundred day moving average price is $152.50.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 16th. The company reported $1.61 earnings per share 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 the consensus estimate of $18.89 billion. During the same quarter in the previous year, the firm earned $1.48 EPS. The company’s revenue was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is currently 89.32%.

PepsiCo announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. Royal Bank Of Canada reduced their price target on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. Citigroup lifted their price target on shares of PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. HSBC raised their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. BNP Paribas Exane raised their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Finally, Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $120.00 to $130.00 and gave the stock a “sell” rating in a research note on Tuesday, February 10th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $170.26.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Board approved a 4% quarterly dividend increase to $1.48 (annualized yield ~3.8%), signaling cash-flow strength and bolstering income appeal for dividend investors. PepsiCo Declares Quarterly Dividend
• Positive Sentiment: Management is leaning on international expansion, product innovation and disciplined cost management while reaffirming its 2026 outlook — supports revenue visibility and EPS guidance that analysts are modeling. PepsiCo Stock Rises 9.4% in 6 Months: Buy Now or Stay Focused?
• Positive Sentiment: PepsiCo completed pilot transactions for tokenized low?carbon ammonia attributes and signed an agreement with TalusAg — advances its agricultural emissions targets and may improve supply?chain resilience and ESG credentials. PepsiCo Tests Tokenized Low Carbon Ammonia To Tackle Farm Emissions
• Positive Sentiment: Retail and product wins: Subway national rollout of Poppi (prebiotic soda) extends distribution for Pepsi?owned/partner brands and underscores the company’s push into healthier beverage categories. Subway rolls out poppi prebiotic sodas across US outlets
• Positive Sentiment: Partnerships with fast?growing beverage players (e.g., Celsius distribution/partnership) amplify PepsiCo’s exposure to the energy and functional drinks category without all the organic growth risk. Celsius Is Winning The Energy Drink Battle With Pepsi In Its Corner
• Neutral Sentiment: Suja Life’s weak Nasdaq debut shows selective investor appetite in the healthy?beverage IPO market; it highlights both opportunity and caution for large players acquiring niche brands. US stocks today: Paine Schwartz-backed Suja Life’s shares fall 14% in Nasdaq debut
• Negative Sentiment: PETA protests outside PepsiCo HQ over alleged animal?welfare issues create short?term reputational risk and potential media scrutiny — monitor any escalation or supplier?related disclosures. Video shows PETA activists encasing feet in cement outside PepsiCo HQ over bull abuse claims
• Negative Sentiment: Competitive context: Coca?Cola’s stronger YTD performance and renewed investor backing highlight relative growth concerns and may pressure sentiment/relative valuation. Coke Keeps Beating Pepsi. Warren Buffett’s Bet Has Paid Off.

About PepsiCo

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.