Chemung Canal Trust Co. Has $6.43 Million Stock Position in PepsiCo, Inc. $PEP

Chemung Canal Trust Co. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 44,772 shares of the company’s stock after buying an additional 8,108 shares during the quarter. PepsiCo accounts for approximately 1.3% of Chemung Canal Trust Co.’s holdings, making the stock its 27th largest holding. Chemung Canal Trust Co.’s holdings in PepsiCo were worth $6,426,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo in the second quarter worth about $27,000. JCIC Asset Management Inc. bought a new position in shares of PepsiCo during the 3rd quarter valued at about $27,000. Imprint Wealth LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at approximately $31,000. Halbert Hargrove Global Advisors LLC increased its stake in PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new stake in PepsiCo during the 3rd quarter worth approximately $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 1.5%

Shares of PepsiCo stock opened at $153.04 on Friday. The stock has a market cap of $209.15 billion, a P/E ratio of 25.51, a P/E/G ratio of 2.89 and a beta of 0.39. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The business’s 50 day moving average is $158.89 and its 200-day moving average is $150.06.

PepsiCo (NASDAQ:PEP) last released its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating 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 analysts’ expectations of $28.96 billion. During the same period last year, the business earned $1.96 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo declared that its board has approved a share repurchase program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is 94.83%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research reports. Piper Sandler lifted their price target on shares of PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. TD Cowen raised their price objective on shares of PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Argus raised shares of PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Rothschild & Co Redburn boosted their price target on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a report on Tuesday, February 10th. Finally, Barclays upped their price objective on PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $169.00.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Market note showing shares climbing on the session — reflects investor appetite today amid other supportive news. PepsiCo (PEP) Increases Despite Market Slip: Here’s What You Need to Know
• Positive Sentiment: Management highlights heavy local sourcing (~95% in APAC) plus AI and hedging to control input-cost and geopolitical risks — this should support margins and supply resilience. PepsiCo Leans on Local Sourcing and AI to Navigate Cost Pressures
• Positive Sentiment: Coverage on the same theme: local sourcing and AI-driven cost management, reinforcing the narrative that PepsiCo is proactively protecting margins. PepsiCo Leans on Local Sourcing and AI to Navigate Cost Pressures
• Positive Sentiment: Product strategy shift into meat snacks to meet demand for cleaner ingredients — diversification into premium/snacking categories can boost revenue mix and margins if execution scales. PepsiCo pivots into meat snacks, as consumers now want ‘cleaner’ ingredients
• Positive Sentiment: New global marketing platform “Pepsi Football Nation” expands brand engagement and sponsorship reach — a potential tailwind for beverage/packaged-snack demand around sports. Pepsi Football Nation: a new global platform celebrates football culture
• Positive Sentiment: PepsiCo sees opportunity from China’s new Five-Year Plan — management tone suggests growth focus in a key market, which investors may view as constructive for international revenue. PepsiCo chief sees potential of China’s new Five-Year Plan
• Neutral Sentiment: Analyst consensus remains an average “Hold” — suggests no near-term re-rating from sell-side, so short-term moves may be driven more by company updates than upgrades. PepsiCo, Inc. (NASDAQ:PEP) Receives Average Recommendation of “Hold” from Analysts
• Neutral Sentiment: Earnings preview ahead of results — analysts will be watching organic sales, margin trends and guidance; the preview keeps focus on upcoming catalysts rather than changing fundamentals today. PepsiCo Earnings Preview: What to Expect
• Negative Sentiment: Article flags PepsiCo among profitable companies with “questionable fundamentals” — a reminder some investors see valuation or structural concerns despite profitability; could pressure sentiment if echoed by analysts. 3 Profitable Stocks with Questionable Fundamentals

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.