HB Wealth Management LLC Raises Position in PepsiCo, Inc. $PEP

HB Wealth Management LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the fourth quarter, HoldingsChannel reports. The firm owned 148,567 shares of the company’s stock after purchasing an additional 4,867 shares during the quarter. HB Wealth Management LLC’s holdings in PepsiCo were worth $21,322,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Caprock Group LLC lifted its stake in shares of PepsiCo by 15.4% during the 4th quarter. Caprock Group LLC now owns 34,196 shares of the company’s stock worth $4,960,000 after purchasing an additional 4,572 shares during the period. Investmark Advisory Group LLC raised its stake in PepsiCo by 1.1% during the fourth quarter. Investmark Advisory Group LLC now owns 22,825 shares of the company’s stock worth $3,276,000 after purchasing an additional 239 shares during the period. Kingswood Wealth Advisors LLC raised its stake in PepsiCo by 29.9% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 16,784 shares of the company’s stock worth $2,409,000 after purchasing an additional 3,862 shares during the period. KLP Kapitalforvaltning AS grew its position in PepsiCo by 0.3% during the fourth quarter. KLP Kapitalforvaltning AS now owns 548,596 shares of the company’s stock valued at $79,392,000 after acquiring an additional 1,800 shares during the period. Finally, Columbia Asset Management grew its position in PepsiCo by 2.6% during the fourth quarter. Columbia Asset Management now owns 30,584 shares of the company’s stock valued at $4,389,000 after acquiring an additional 780 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PEP. Citigroup boosted their price target on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. BNP Paribas Exane raised their price target on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. TD Cowen raised their price target on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, February 20th. Argus upgraded shares of PepsiCo to a “hold” rating in a report on Tuesday, February 17th. Finally, Evercore raised their price target on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.26.

PepsiCo Trading Down 0.7%

NASDAQ:PEP opened at $153.79 on Thursday. The firm has a market capitalization of $210.20 billion, a PE ratio of 24.14, a price-to-earnings-growth 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. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The business’s 50-day moving average is $159.05 and its two-hundred day moving average is $151.92.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 16th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Research analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo announced that its Board of Directors has initiated a share buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

PepsiCo Announces Dividend

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

Key Headlines Impacting 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

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.