PepsiCo, Inc. $PEP Holdings Decreased by Alps Advisors Inc.

Alps Advisors Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 21.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,174 shares of the company’s stock after selling 9,308 shares during the period. Alps Advisors Inc.’s holdings in PepsiCo were worth $4,799,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the 2nd quarter worth $27,000. JCIC Asset Management Inc. acquired a new position in PepsiCo during the third quarter worth about $27,000. Vermillion & White Wealth Management Group LLC raised its position in PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its holdings in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the last quarter. Finally, Frazier Financial Advisors LLC boosted its position in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

PEP opened at $166.47 on Tuesday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The stock’s 50 day moving average price is $147.99 and its two-hundred day moving average price is $146.46. The firm has a market capitalization of $227.51 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 3.26 and a beta of 0.40. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $170.75.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.24 by $0.02. The company 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.96 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo announced that its board has authorized a share repurchase program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

PepsiCo Announces Dividend

The business 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 dividend of $1.4225 per share. The ex-dividend date is Friday, March 6th. This represents a $5.69 annualized dividend and a dividend yield of 3.4%. PepsiCo’s payout ratio is presently 94.83%.

Analyst Ratings Changes

Several research firms recently commented on PEP. Barclays increased their target price on shares of PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Loop Capital set a $164.00 target price on PepsiCo in a report on Thursday, October 23rd. Jefferies Financial Group increased their price target on PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research report on Tuesday, December 9th. Finally, Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $117.00 to $120.00 and gave the stock a “sell” rating in a research note on Monday, December 15th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $167.16.

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.