New York Life Investment Management LLC Trims Position in PepsiCo, Inc. $PEP

New York Life Investment Management LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 200,831 shares of the company’s stock after selling 4,506 shares during the period. New York Life Investment Management LLC’s holdings in PepsiCo were worth $28,205,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cardinal Point Capital Management ULC boosted its holdings in shares of PepsiCo by 16.4% during the third quarter. Cardinal Point Capital Management ULC now owns 69,232 shares of the company’s stock worth $9,723,000 after purchasing an additional 9,757 shares during the last quarter. Slagle Financial LLC boosted its stake in PepsiCo by 4.0% in the 3rd quarter. Slagle Financial LLC now owns 37,336 shares of the company’s stock worth $5,243,000 after buying an additional 1,451 shares during the last quarter. Canvas Wealth Advisors LLC grew its holdings in PepsiCo by 37.5% in the 3rd quarter. Canvas Wealth Advisors LLC now owns 2,696 shares of the company’s stock valued at $383,000 after buying an additional 735 shares during the period. Fullcircle Wealth LLC increased its stake in shares of PepsiCo by 3.9% during the 3rd quarter. Fullcircle Wealth LLC now owns 7,359 shares of the company’s stock valued at $1,052,000 after acquiring an additional 275 shares during the last quarter. Finally, Plato Investment Management Ltd lifted its holdings in shares of PepsiCo by 17.0% during the 3rd quarter. Plato Investment Management Ltd now owns 60,689 shares of the company’s stock worth $8,458,000 after acquiring an additional 8,814 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.8%

Shares of NASDAQ PEP opened at $170.49 on Monday. The stock has a fifty day moving average price of $147.65 and a 200 day moving average price of $146.31. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $170.75. The company has a market cap of $233.00 billion, a P/E ratio of 28.42, a P/E/G ratio of 3.26 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, February 3rd. The company reported $2.26 earnings per share 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 company had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The company’s revenue was up 5.6% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo announced that its board has initiated a stock buyback program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.3%. PepsiCo’s dividend payout ratio (DPR) is currently 94.83%.

Analyst Ratings Changes

A number of research firms recently issued reports on PEP. Wells Fargo & Company boosted their target price on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research note on Tuesday, October 21st. Evercore increased their target price on PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Barclays upped their price target on PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $167.16.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Q4 results beat expectations (EPS $2.26 vs. $2.24; revenue roughly $29.3B) and management reiterated FY2026 guidance while reporting margin improvement — a core driver for today’s buying. Pepsi Pops as Investors Take Notice of Key Strategic Initiatives
• Positive Sentiment: Board approved a $10 billion share repurchase program, supporting EPS and signaling capital-return priority. PepsiCo to Repurchase $10.00 billion in Shares
• Positive Sentiment: Several brokerages lifted price targets after the strong quarter (UBS to $190, Morgan Stanley $180, JPMorgan $176, HSBC $175), which helps sustain buying interest. UBS Lifts PepsiCo Target JPMorgan Raises Target HSBC Adjusts Target
• Positive Sentiment: Management is cutting prices (up to ~15% on some snacks) and pivoting to “snack affordability” ahead of heavy seasonal demand (Super Bowl), which should boost volumes and retail sales. Guacamole & chip prices and PepsiCo price moves
• Positive Sentiment: Productivity and distribution integration (testing combined beverage/snack logistics) are cited as margin levers — management reported early positive results and operating-margin expansion. Productivity Strategy Analysis
• Neutral Sentiment: Pepsi is publicly adapting product mixes for health-conscious consumers (functional foods) and watching trends like GLP-1 drug use — outcomes are uncertain but the company is actively responding. How PepsiCo is adapting to GLP-1 use
• Neutral Sentiment: Activist investor interest (Elliott) remains a background catalyst; Pepsi is implementing changes but has said full refranchising isn’t being pursued — keeps outcomes dependent on execution. Elliott stake & catalyst analysis
• Negative Sentiment: Snack price cuts — and earlier consumer backlash over pricing — could pressure near-term gross margins until volume gains offset the lower pricing. PepsiCo to cut some US snack prices

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.