Eastern Bank Has $9.82 Million Stock Holdings in PepsiCo, Inc. $PEP

Eastern Bank reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 51.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,438 shares of the company’s stock after selling 73,380 shares during the period. Eastern Bank’s holdings in PepsiCo were worth $9,822,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Three Bridge Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 1.8% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after buying an additional 68 shares during the period. Facet Wealth Inc. lifted its position in PepsiCo by 3.2% during the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after acquiring an additional 69 shares during the last quarter. Hudock Inc. lifted its position in PepsiCo by 1.0% during the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after acquiring an additional 70 shares during the last quarter. Delta Asset Management LLC TN boosted its holdings in shares of PepsiCo by 0.6% during the third quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock worth $1,545,000 after acquiring an additional 70 shares during the period. Finally, Westside Investment Management Inc. grew its position in shares of PepsiCo by 2.8% in the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock valued at $366,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $153.04 on Friday. The firm has a market cap of $209.15 billion, a PE ratio of 25.51, a price-to-earnings-growth ratio of 2.93 and a beta of 0.39. 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 stock’s fifty day moving average price is $158.89 and its two-hundred day moving average price is $150.10. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP) last released its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The firm had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. During the same period in the prior year, the company posted $1.96 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid 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 is Friday, March 6th. PepsiCo’s dividend payout ratio is presently 94.83%.

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

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Evercore lifted their price target on PepsiCo from $152.00 to $165.00 in a report on Wednesday, February 4th. Royal Bank Of Canada increased their price objective on PepsiCo from $156.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Rothschild & Co Redburn boosted their target price on shares of PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research report on Tuesday, February 10th. TD Cowen upped their price target on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Finally, Jefferies Financial Group raised their price target on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research report on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.00.

More PepsiCo News

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

About PepsiCo

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.