PepsiCo, Inc. $PEP Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,367 shares of the company’s stock after purchasing an additional 4,425 shares during the period. Advisors Asset Management Inc.’s holdings in PepsiCo were worth $12,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PEP. Brighton Jones LLC boosted its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Caxton Associates LLP acquired a new position in PepsiCo during the first quarter worth about $251,000. Sivia Capital Partners LLC grew its stake in PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after acquiring an additional 3,790 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in PepsiCo by 15.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 95,954 shares of the company’s stock valued at $12,670,000 after acquiring an additional 12,917 shares during the last quarter. Finally, Community Bank N.A. lifted its stake in PepsiCo by 3.4% in the 2nd quarter. Community Bank N.A. now owns 64,594 shares of the company’s stock worth $8,529,000 after purchasing an additional 2,137 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on PEP. JPMorgan Chase & Co. boosted 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 boosted their price target on shares of PepsiCo from $155.00 to $162.00 and gave the company a “hold” rating in a research report on Wednesday, February 4th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Tuesday, October 21st. Evercore boosted their target price on shares of PepsiCo from $152.00 to $165.00 in a report on Wednesday, February 4th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $167.68.

PepsiCo Stock Performance

Shares of PEP stock opened at $166.97 on Wednesday. The firm has a 50 day moving average of $148.36 and a two-hundred day moving average of $146.63. The stock has a market capitalization of $228.19 billion, a PE ratio of 27.83, a P/E/G ratio of 3.18 and a beta of 0.40. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $170.75.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, February 3rd. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.24 by $0.02. The firm had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.PepsiCo’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. 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 initiated a stock buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board 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 issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is presently 94.83%.

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.