Wealthfront Advisers LLC Raises Stock Position in PepsiCo, Inc. $PEP

Wealthfront Advisers LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 40.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 210,309 shares of the company’s stock after buying an additional 60,911 shares during the period. Wealthfront Advisers LLC’s holdings in PepsiCo were worth $29,536,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in PepsiCo during the second quarter valued at $2,330,594,000. Laurel Wealth Advisors LLC grew its stake in shares of PepsiCo by 14,420.2% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,890,688 shares of the company’s stock valued at $513,726,000 after acquiring an additional 3,863,893 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after acquiring an additional 2,556,163 shares in the last quarter. Franklin Resources Inc. raised its stake in PepsiCo by 19.5% during the 2nd quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock worth $2,056,797,000 after acquiring an additional 2,541,455 shares during the period. Finally, First Trust Advisors LP boosted its position in shares of PepsiCo by 112.6% in the second quarter. First Trust Advisors LP now owns 4,040,079 shares of the company’s stock worth $533,452,000 after purchasing an additional 2,139,847 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $166.47 on Tuesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $170.75. The business has a 50 day simple moving average of $147.99 and a two-hundred day simple moving average of $146.46. The stock has a market capitalization of $227.51 billion, a PE ratio of 27.75, a P/E/G ratio of 3.26 and a beta of 0.40.

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

PepsiCo declared that its board has approved a stock repurchase program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Friday, January 9th. Rothschild & Co Redburn raised their price target on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a report on Monday, December 15th. JPMorgan Chase & Co. upped their price objective on PepsiCo from $164.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. TD Cowen lifted their target price on PepsiCo from $155.00 to $162.00 and gave the company a “hold” rating in a research note on Wednesday, February 4th. Finally, Jefferies Financial Group upped their price target on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $167.16.

PepsiCo Profile

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.