PepsiCo, Inc. $PEP Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,324 shares of the company’s stock after selling 14,371 shares during the period. Thrivent Financial for Lutherans’ holdings in PepsiCo were worth $9,876,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Topsail Wealth Management LLC boosted its position in shares of PepsiCo by 10.7% in the third quarter. Topsail Wealth Management LLC now owns 1,967 shares of the company’s stock worth $276,000 after buying an additional 190 shares during the period. Donaldson Capital Management LLC boosted its holdings in PepsiCo by 1.9% in the 3rd quarter. Donaldson Capital Management LLC now owns 202,258 shares of the company’s stock worth $28,405,000 after acquiring an additional 3,850 shares during the period. Frank Rimerman Advisors LLC grew its position in PepsiCo by 32.5% in the third quarter. Frank Rimerman Advisors LLC now owns 17,841 shares of the company’s stock valued at $2,506,000 after acquiring an additional 4,377 shares in the last quarter. Columbia Asset Management raised its stake in shares of PepsiCo by 16.7% during the third quarter. Columbia Asset Management now owns 29,804 shares of the company’s stock valued at $4,186,000 after purchasing an additional 4,259 shares during the period. Finally, Tyche Wealth Partners LLC lifted its position in shares of PepsiCo by 0.3% during the third quarter. Tyche Wealth Partners LLC now owns 198,896 shares of the company’s stock worth $27,933,000 after purchasing an additional 533 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research note on Tuesday, October 21st. Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Citigroup lifted their price objective on PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wells Fargo & Company increased their target price on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research note on Wednesday. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $165.28.

PepsiCo Price Performance

Shares of PEP opened at $166.18 on Thursday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $167.94. The company has a current ratio of 0.85, a quick ratio of 0.72 and a debt-to-equity ratio of 2.06. The firm has a market cap of $227.22 billion, a price-to-earnings ratio of 27.70, a PEG ratio of 5.35 and a beta of 0.40. The stock has a 50 day moving average of $146.83 and a 200-day moving average of $145.95.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The firm had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.96 billion. During the same period last year, the business posted $1.96 earnings per share. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Friday, December 5th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.4%. PepsiCo’s dividend payout ratio is 108.17%.

PepsiCo announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q4 results beat expectations and management reiterated FY‑2026 guidance — revenue and adjusted EPS topped estimates, driven by international soda strength and improving beverage momentum. This beat is the primary fundamental catalyst supporting the rally. PepsiCo tops quarterly revenue estimates
• Positive Sentiment: Board authorized a $10 billion share repurchase program (≈4.7% of shares outstanding), signaling management believes shares are undervalued and providing buyback-driven EPS support. RTT News on buyback
• Positive Sentiment: Dividend raised — board declared a quarterly dividend of $1.4225 per share, a 5% increase year-over-year, reinforcing income appeal for dividend investors. PepsiCo Declares Quarterly Dividend
• Positive Sentiment: Several sell‑side firms raised price targets (JPMorgan, Morgan Stanley, TD Cowen, Barclays among others), which can support momentum and attract allocation flows. Analyst price-target moves
• Neutral Sentiment: PepsiCo will cut suggested retail prices on major snacks (Lay’s, Doritos, Cheetos) by as much as 15% to boost affordability and volume ahead of big consumption events — a deliberate trade of price for share/volume that could help demand but pressures near-term margins. After Years of Increases, PepsiCo Pledges to Cut Prices on Snacks
• Neutral Sentiment: Strategic initiatives (tests to integrate beverage/snack distribution, trimming SKUs ~20%, refocusing top brands) aim to lift margins and execution — positive long-term if executed, but results are still early. MarketBeat strategic summary
• Negative Sentiment: Bearish/critical takes argue the rally is multiple expansion rather than improving volumes — price-led growth in Q4 and the new price cuts raise execution risk and could compress margins; some analysts/voices label the setup risky for new buyers. Seeking Alpha — Strong Sell
• Negative Sentiment: Macro/structural headwinds to snack volumes (e.g., consumer affordability pressures, GLP‑1–related demand shifts cited by commentators) remain a watch item; management is banking on price cuts and product focus to recover volumes. Jim Cramer commentary

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.