Bartlett & CO. Wealth Management LLC Sells 11,519 Shares of PepsiCo, Inc. $PEP

Bartlett & CO. Wealth Management LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 556,259 shares of the company’s stock after selling 11,519 shares during the quarter. PepsiCo comprises approximately 1.1% of Bartlett & CO. Wealth Management LLC’s holdings, making the stock its 26th largest position. Bartlett & CO. Wealth Management LLC’s holdings in PepsiCo were worth $80,614,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Premier Path Wealth Partners LLC increased its stake in shares of PepsiCo by 13.0% in the 4th quarter. Premier Path Wealth Partners LLC now owns 8,975 shares of the company’s stock worth $1,288,000 after purchasing an additional 1,031 shares in the last quarter. DDD Partners LLC increased its stake in shares of PepsiCo by 0.5% in the 4th quarter. DDD Partners LLC now owns 137,259 shares of the company’s stock worth $19,699,000 after purchasing an additional 702 shares in the last quarter. Spirepoint Private Client LLC increased its stake in shares of PepsiCo by 10.1% in the 4th quarter. Spirepoint Private Client LLC now owns 10,623 shares of the company’s stock worth $1,525,000 after purchasing an additional 971 shares in the last quarter. Vista Investment Partners II LLC increased its stake in shares of PepsiCo by 2.5% in the 4th quarter. Vista Investment Partners II LLC now owns 4,166 shares of the company’s stock worth $598,000 after purchasing an additional 103 shares in the last quarter. Finally, BOCHK Asset Management Ltd purchased a new stake in shares of PepsiCo in the 4th quarter worth $1,435,000. 73.07% of the stock is owned by institutional investors.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst coverage highlighting likely earnings growth and a potential beat supports expectations for revenue/earnings resilience ahead of the print. PepsiCo (PEP) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Marketing and product activity (new campaign for Cheetos with high‑profile partners) can help brand momentum and volume recovery in snacks/beverages. Campaign Trail: Cheetos soundtracks a heist with Megan Thee Stallion, Nickelback
• Positive Sentiment: New product rollout (Dirty Mountain Dew national push) and related beverage innovations may offset some snack weakness if consumer uptake is strong. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Neutral Sentiment: UBS and other brokers expect Q1 results to be largely in‑line, noting modest organic revenue progress but continued focus on North America trends; that tempers both upside and downside near term. PepsiCo expected to report in-line Q1 results amid North America recovery
• Neutral Sentiment: Short‑interest report shows no meaningful short position (data anomaly/zeroes), so short covering is unlikely to be a driver. (No actionable signal.)
• Negative Sentiment: RBC trimmed its price target from $165 to $163 and kept a “sector perform” rating — a modestly bearish signal that may weigh on sentiment relative to peers. RBC trims price target on PepsiCo to $163 from $165, keeps sector perform rating
• Negative Sentiment: Multiple reports that prior snack price hikes led to lost sales and shelf‑space losses have forced PepsiCo to cut snack prices, which could boost volumes but hurt near‑term margins and investor sentiment. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Negative Sentiment: Some outlets and an analyst note flagged a pessimistic medium‑term view on PEP’s share performance, adding to near‑term caution ahead of results. UBS Group Issues Pessimistic Forecast for PepsiCo (NASDAQ:PEP) Stock Price

PepsiCo Stock Down 0.3%

Shares of NASDAQ PEP opened at $157.06 on Friday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The company has a market cap of $214.69 billion, a P/E ratio of 26.18, a PEG ratio of 3.04 and a beta of 0.40. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The firm has a 50-day simple moving average of $160.58 and a two-hundred day simple moving average of $151.04.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The business had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. During the same quarter last year, the firm earned $1.96 earnings per share. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, March 6th. PepsiCo’s payout ratio is currently 94.83%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEP. Barclays increased 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. UBS Group cut their price target on PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday. Rothschild & Co Redburn increased their price target on PepsiCo from $120.00 to $130.00 and gave the stock a “sell” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $168.47.

PepsiCo Company 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.