Costello Asset Management INC Has $2.55 Million Holdings in PepsiCo, Inc. $PEP

Costello Asset Management INC trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 27.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,148 shares of the company’s stock after selling 7,033 shares during the period. PepsiCo comprises approximately 0.9% of Costello Asset Management INC’s investment portfolio, making the stock its 26th biggest position. Costello Asset Management INC’s holdings in PepsiCo were worth $2,549,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Three Bridge Wealth Advisors LLC increased its position in PepsiCo by 1.8% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock valued at $544,000 after purchasing an additional 68 shares during the period. Facet Wealth Inc. lifted its position in shares of PepsiCo by 3.2% in the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after purchasing an additional 69 shares during the period. Hudock Inc. boosted its stake in shares of PepsiCo by 1.0% in the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after purchasing an additional 70 shares during the last quarter. Delta Asset Management LLC TN increased its position in shares of PepsiCo by 0.6% during the third quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock worth $1,545,000 after buying an additional 70 shares during the period. Finally, Westside Investment Management Inc. raised its stake in PepsiCo by 2.8% during the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock worth $366,000 after buying an additional 70 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 2.4%

PepsiCo stock opened at $166.47 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The firm’s fifty day moving average price is $147.99 and its two-hundred day moving average price is $146.46. The firm has a market capitalization of $227.51 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 3.26 and a beta of 0.40. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $170.75.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 3rd. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 annualized dividend and a dividend yield of 3.4%. PepsiCo’s payout ratio is presently 94.83%.

PepsiCo declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PEP. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday, October 21st. Evercore ISI raised their target price on PepsiCo from $152.00 to $165.00 in a research note on Wednesday, February 4th. Jefferies Financial Group boosted their price target on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research note on Tuesday, December 9th. HSBC raised their price objective on shares of PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Finally, Rothschild & Co Redburn lifted their price objective on shares of PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a research note on Monday, December 15th. Eight research analysts have rated the stock with 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, PepsiCo currently has an average rating of “Hold” and an average price target of $167.16.

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.