Absher Wealth Management LLC Has $36.42 Million Stock Holdings in PepsiCo, Inc. $PEP

Absher Wealth Management LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,769 shares of the company’s stock after selling 35,803 shares during the quarter. PepsiCo makes up 4.3% of Absher Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Absher Wealth Management LLC’s holdings in PepsiCo were worth $36,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its stake in PepsiCo by 1.8% in the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after buying an additional 1,079,970 shares in the last quarter. Invesco Ltd. boosted its holdings in PepsiCo by 7.6% during the 3rd quarter. Invesco Ltd. now owns 13,617,747 shares of the company’s stock valued at $1,912,476,000 after acquiring an additional 958,701 shares during the period. Legal & General Group Plc grew its position in PepsiCo by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 8,902,664 shares of the company’s stock worth $1,250,290,000 after acquiring an additional 118,286 shares during the last quarter. Amundi increased its stake in PepsiCo by 30.0% in the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after purchasing an additional 1,995,362 shares during the period. Finally, Fisher Asset Management LLC lifted its position in PepsiCo by 2.0% in the third quarter. Fisher Asset Management LLC now owns 8,112,038 shares of the company’s stock valued at $1,139,255,000 after purchasing an additional 155,636 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Strategic AI partnership with Google Cloud announced to accelerate AI across PepsiCo’s supply chain and operations—investors view this as a productivity and margin catalyst that supports faster insight-to-action at scale. PepsiCo Deepens AI Capabilities with Google Cloud
• Positive Sentiment: Coverage by Benzinga highlighted the Google Cloud deal as a near-term reason for share gains, linking the partnership directly to investors’ improved view on PepsiCo’s supply-chain and AI-driven efficiency plans. PepsiCo Gains As Google Cloud Partnership Boosts AI, Supply Chain Plans
• Positive Sentiment: Jim Cramer mentioned an upcoming Pepsi product as “potentially hot,” bringing retail attention and short‑term sentiment lift; media mentions from high-profile commentators can amplify buying interest. Jim Cramer Reveals Potentially Hot Upcoming Pepsi (PEP) Product
• Positive Sentiment: Gatorade launched a global “Is It In You?” football campaign ahead of major competitions—an aggressive marketing push for a core brand that can support volume and international momentum. GATORADE ASSERTS THERE ARE NO SHORTCUTS TO GREATNESS IN NEW ‘IS IT IN YOU?’ GLOBAL FOOTBALL CAMPAIGN
• Positive Sentiment: Quaker expanded its portfolio with a new protein rice crisps product—aligns with consumer trends for higher-protein, better-for-you snacks and supports PepsiCo’s foods portfolio evolution. QUAKER® EXPANDS PORTFOLIO WITH NEW PROTEIN RICE CRISPS OFFERING GOOD SOURCE OF PROTEIN (6G PROTEIN) AND 9G WHOLE GRAINS PER SERVING
• Neutral Sentiment: PepsiCo announced a virtual annual shareholder meeting webcast for May 6—standard disclosure and a governance touchpoint but unlikely to move fundamentals. PepsiCo Announces Webcast of Annual Meeting of Shareholders
• Neutral Sentiment: PepsiCo selected Carlsberg as its bottling/distribution partner in Northern Europe (effective 2029); this restructures regional execution and may improve scale, but benefits are multi-year and gradual. PepsiCo Hands Northern Europe Bottling To Carlsberg What It Means For Investors
• Neutral Sentiment: A comparative piece on Coca‑Cola vs. PepsiCo reviews decade-long performance; useful context for investors but not an immediate catalyst for PEP stock movement. Got 5,000? Coca-Cola vs. PepsiCo – One Has Quietly Outperformed for a Decade
• Negative Sentiment: Reporting on PepsiCo India highlights a farm-to-shelf overhaul amid rising costs and changing consumer demand—signals regional cost pressure and execution risk that could weigh on margins if not offset by pricing or efficiency. Inside PepsiCo India’s farm-to-shelf overhaul amid rising costs, shifting consumer demand

PepsiCo Stock Up 1.2%

PepsiCo stock opened at $155.70 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The stock has a fifty day moving average of $158.82 and a 200 day moving average of $151.95. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock has a market cap of $212.81 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.82 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. During the same period last year, the firm posted $1.48 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, March 6th. PepsiCo’s dividend payout ratio is currently 89.32%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PEP shares. UBS Group lowered their price objective on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 9th. Morgan Stanley boosted their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Wells Fargo & Company increased their price objective on PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Finally, Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $170.26.

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.