Amica Mutual Insurance Co. Acquires 7,915 Shares of PepsiCo, Inc. $PEP

Amica Mutual Insurance Co. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 74.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,521 shares of the company’s stock after buying an additional 7,915 shares during the period. Amica Mutual Insurance Co.’s holdings in PepsiCo were worth $2,601,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Clayton Financial Group LLC acquired a new stake in shares of PepsiCo during the third quarter worth $872,000. Avantax Advisory Services Inc. raised its stake in shares of PepsiCo by 2.6% during the second quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock valued at $24,554,000 after purchasing an additional 4,627 shares during the period. Family Capital Management Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth about $401,000. Kathmere Capital Management LLC raised its position in shares of PepsiCo by 122.6% during the 3rd quarter. Kathmere Capital Management LLC now owns 20,365 shares of the company’s stock worth $2,860,000 after purchasing an additional 11,217 shares during the period. Finally, Pinnacle Associates Ltd. lifted its holdings in PepsiCo by 9.7% in the second quarter. Pinnacle Associates Ltd. now owns 152,193 shares of the company’s stock worth $20,096,000 after purchasing an additional 13,517 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Evercore boosted their target price on PepsiCo from $152.00 to $165.00 in a report on Wednesday, February 4th. UBS Group reiterated a “buy” rating and issued a $190.00 price target on shares of PepsiCo in a report on Wednesday, February 4th. Jefferies Financial Group increased their target price on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Finally, Citigroup increased their target price on shares of PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $167.68.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Barclays raised its price target to $160 after PepsiCo’s earnings (keeps an Equal Weight rating), reflecting model updates post‑report and supporting near‑term valuation. PepsiCo, Inc. (PEP) Price Target Increased to $160 at Barclays Post-Earnings Update
• Positive Sentiment: Analysts and pieces highlighting PepsiCo’s earnings quality and stability are bolstering investor comfort after the quarter — small EPS and revenue beats reinforce the company’s predictable cash generation. Investors Can Find Comfort In PepsiCo’s (NASDAQ:PEP) Earnings Quality
• Positive Sentiment: Momentum: PEP has rallied (~18–19% in 2026 according to coverage) on the earnings beat, brand strength and cross‑category momentum, which supports continued investor interest. PepsiCo Up 18% in a Month: Smart Entry Point or Wait for a Pullback?
• Positive Sentiment: Dividend narrative: coverage noting a peak dividend yield thesis and the stock’s income appeal is likely attracting yield‑focused buyers and long‑term holders. I Predicted That PepsiCo’s Dividend Yield Peaked at 4.4% Because the Dividend King Stock Was Too Cheap to Ignore. Here’s Why Pepsi Is Already Up 19% in 2026 and Could Still Be …
• Positive Sentiment: Product/brand move: PepsiCo is rebranding its Sunbites snack to emphasize fibre — a health positioning that can boost shelf relevance in growth categories. PepsiCo rebrands Sunbites to champion fibre content
• Neutral Sentiment: Some analysts remain cautious: a Seeking Alpha piece sees solid momentum into 2026 but still rates PEP a Hold, signaling mixed conviction among investors despite operational upside. PepsiCo: Solid Momentum Coming Into 2026, But I Still Rate It A Hold For Now
• Neutral Sentiment: Other analyst moves vary (one outlet shows a price‑target raise to $130), underscoring differing views on upside from here. PepsiCo (NASDAQ:PEP) Price Target Raised to $130.00
• Neutral Sentiment: Corporate/ESG: profile pieces about senior leaders expanding women’s careers in supply chain are positive for culture/ESG but unlikely to move near‑term stock performance. How a PepsiCo exec is paving careers for women in supply chains
• Neutral Sentiment: Sector flow: coverage of the Invesco Food & Beverage ETF (PBJ) notes the group’s resurgence; sector ETFs can amplify PEP moves but are a broader, non‑specific driver. After Stalling Out, PBJ May Be Finally Be Ready To Deliver For Investors
• Negative Sentiment: Debt issuance: PepsiCo launched a €2.5 billion euro‑denominated senior notes offering (multiple tranches), which increases gross debt and could weigh on leverage metrics that investors monitor. PepsiCo Issues €2.5 Billion Euro-Denominated Senior Notes

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $165.94 on Monday. The firm has a 50 day moving average of $149.61 and a 200-day moving average of $147.15. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. 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 stock has a market capitalization of $226.78 billion, a PE ratio of 27.66, a PEG ratio of 3.16 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $28.96 billion. During the same quarter last year, the business posted $1.96 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 3.4%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio is presently 94.83%.

PepsiCo announced that its board has authorized a stock repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.