CIBC Asset Management Inc Sells 16,464 Shares of PepsiCo, Inc. $PEP

CIBC Asset Management Inc trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 570,510 shares of the company’s stock after selling 16,464 shares during the quarter. CIBC Asset Management Inc’s holdings in PepsiCo were worth $80,122,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FSB Premier Wealth Management Inc. raised its holdings in shares of PepsiCo by 2.1% during the 3rd quarter. FSB Premier Wealth Management Inc. now owns 6,785 shares of the company’s stock worth $953,000 after buying an additional 139 shares in the last quarter. Sagespring Wealth Partners LLC lifted its holdings in shares of PepsiCo by 28.9% in the third quarter. Sagespring Wealth Partners LLC now owns 14,239 shares of the company’s stock worth $2,000,000 after acquiring an additional 3,189 shares during the last quarter. Modera Wealth Management LLC boosted its stake in shares of PepsiCo by 1.5% in the 3rd quarter. Modera Wealth Management LLC now owns 151,155 shares of the company’s stock valued at $21,228,000 after purchasing an additional 2,164 shares in the last quarter. BWM Planning LLC grew its holdings in shares of PepsiCo by 1.9% during the 3rd quarter. BWM Planning LLC now owns 3,974 shares of the company’s stock valued at $558,000 after purchasing an additional 74 shares during the last quarter. Finally, PFG Investments LLC lifted its stake in PepsiCo by 18.6% in the 3rd quarter. PFG Investments LLC now owns 72,118 shares of the company’s stock valued at $10,128,000 after purchasing an additional 11,329 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.1%

PEP stock opened at $144.58 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $160.15. The stock’s 50 day simple moving average is $145.75 and its 200 day simple moving average is $145.04. The company has a market cap of $197.69 billion, a P/E ratio of 27.49, a price-to-earnings-growth ratio of 4.74 and a beta of 0.42.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, December 5th. PepsiCo’s dividend payout ratio is presently 108.17%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: JPMorgan upgraded PEP to Overweight after PepsiCo outlined initiatives to boost shareholder returns (capital allocation and buyback/dividend focus). That analyst backing can lift sentiment and reduce perceived execution risk. PepsiCo (PEP) Upgraded to Overweight by JPMorgan
• Positive Sentiment: PepsiCo is doubling down on zero‑sugar products (Pepsi Zero Sugar) to win younger consumers who shun “diet” labels — a strategic repositioning that can protect soda volumes and margins over time as tastes shift. PepsiCo Bets on Zero Sugar
• Neutral Sentiment: PepsiCo India named Savitha Balachandran (formerly of Tata Technologies) as its new CFO — strengthens regional leadership but is unlikely to move global results materially in the near term. PepsiCo India brings in Tata Tech’s Savitha Balachandran as new CFO
• Neutral Sentiment: Analyst/industry pieces compare PepsiCo’s scale and diversification versus niche competitors (e.g., Vita Coco) and versus Coca‑Cola; these help frame long‑term positioning but don’t contain immediate catalysts. PepsiCo vs. Vita Coco: Which Beverage Stock Offers Better Growth? Coca‑Cola vs. PepsiCo: What’s the Better Long‑Term Play?
• Negative Sentiment: Coca‑Cola reclaimed all 625 U.S. Costco food courts after Pepsi’s 12‑year partnership ended — a material distribution loss in a high‑volume channel that could pressure beverage volumes and incremental sales. Coke reclaims all 625 US Costco food courts
• Negative Sentiment: Headline market coverage notes PEP underperformed peers and the broader market (including pieces reporting the stock “sank” while the market gained) — short‑term weakness reflecting rotation and competitive concerns. PepsiCo Inc. stock underperforms PepsiCo (PEP) Stock Sinks As Market Gains

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PEP. Evercore ISI lifted their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Loop Capital set a $164.00 target price on shares of PepsiCo in a report on Thursday, October 23rd. The Goldman Sachs Group raised their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Tuesday, October 21st. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $159.29.

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.