PepsiCo, Inc. $PEP Shares Sold by Pettee Investors Inc.

Pettee Investors Inc. cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 29.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,155 shares of the company’s stock after selling 3,432 shares during the quarter. Pettee Investors Inc.’s holdings in PepsiCo were worth $1,145,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after buying an additional 1,761,785 shares in the last quarter. State Street Corp lifted its position in shares of PepsiCo by 1.6% during the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after acquiring an additional 920,045 shares during the period. Geode Capital Management LLC boosted its stake in shares of PepsiCo by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock worth $4,301,240,000 after acquiring an additional 86,695 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 during the period. Finally, Norges Bank purchased a new position in PepsiCo in the 2nd quarter valued at approximately $2,330,594,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $155.20 on Tuesday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15. The firm has a 50 day simple moving average of $146.13 and a 200-day simple moving average of $145.67. The firm has a market cap of $212.21 billion, a PE ratio of 29.51, a P/E/G ratio of 5.05 and a beta of 0.40. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. PepsiCo’s dividend payout ratio (DPR) is 108.17%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PEP. Exane BNP Paribas raised PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Friday, January 16th. Bank of America raised their target price on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. UBS Group cut their target price on shares of PepsiCo from $172.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, January 14th. The Goldman Sachs Group increased their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, HSBC lifted their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $159.29.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Hedgeye added PEP as a long idea, signaling conviction from a noted short/long research shop that could attract momentum-focused buyers. PepsiCo added as a long idea at Hedgeye
• Positive Sentiment: An earnings preview expects higher Q4 profit and revenue as PepsiCo’s turnaround efforts begin to bear fruit — a beat would likely reinforce the rally. PepsiCo Expected to Post Higher 4Q Profit, Revenue as Turnaround Begins to Bear Fruit — Earnings Preview
• Positive Sentiment: PepsiCo is on the earnings calendar (Q4 report due Tuesday), which often increases volume and volatility as investors reposition into or out of the stock. PepsiCo, AMD, Amgen, and more set to report earnings Tuesday
• Positive Sentiment: Analyst commentary and trade ideas (TipRanks, Benzinga) are highlighting PEP as a buy/dividend-income play ahead of earnings, which can support near-term demand. Is Pepsi Stock (PEP) a Buy Ahead of Q4 Earnings?
• Neutral Sentiment: JPMorgan raised its target on Celsius (CELH), citing a PepsiCo partnership as upside for Celsius — a positive indirect signal for PepsiCo’s partnerships strategy but not a direct earnings driver. JPMorgan Raises Celsius Holdings Inc (CELH) Price Target, Sees Earnings Upside From PepsiCo Partnership and Alani Nu Growth
• Neutral Sentiment: Coverage pieces on valuation and leadership moves note restructuring of global operations and management changes — these are strategic positives but their financial impact depends on execution and timing. PepsiCo Leadership Moves And Valuation Signals For NasdaqGS PEP Investors
• Negative Sentiment: Commentary warns that earnings must show the turnaround is gaining traction; any miss or cautious guidance could reverse gains quickly. PepsiCo earnings need to show its turnaround is gaining traction
• Negative Sentiment: A small institutional seller (UMB Bank NA) trimmed its stake — minor on its own but noted by market scanners as a marginal negative. UMB Bank n.a. Sells 3,548 Shares of PepsiCo, Inc. $PEP

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.