Banque Pictet & Cie SA Reduces Stake in PepsiCo, Inc. $PEP

Banque Pictet & Cie SA lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 195,626 shares of the company’s stock after selling 39,531 shares during the quarter. Banque Pictet & Cie SA’s holdings in PepsiCo were worth $28,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Evolution Wealth Management Inc. purchased a new position in shares of PepsiCo during the 2nd quarter valued at about $27,000. JCIC Asset Management Inc. acquired a new stake in PepsiCo during the third quarter worth about $27,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new position in shares of PepsiCo in the third quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4%

NASDAQ PEP opened at $154.65 on Thursday. The business’s fifty day simple moving average is $159.41 and its 200-day simple moving average is $150.36. 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 firm has a market cap of $211.40 billion, a PE ratio of 25.78, a P/E/G ratio of 2.99 and a beta of 0.39. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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 quarter in the prior year, the company posted $1.96 EPS. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. PepsiCo’s payout ratio is presently 94.83%.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on PEP shares. Royal Bank Of Canada upped their price target on PepsiCo from $156.00 to $165.00 and gave the stock a “sector perform” rating in a report on Monday, March 2nd. Piper Sandler upped their price objective on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Morgan Stanley increased their price objective on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Jefferies Financial Group lifted their price objective on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Finally, BNP Paribas Exane set a $191.00 price objective on PepsiCo in a research note 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $169.00.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Sector rotation into defensive, dividend-rich names is helping demand for consumer staples like PepsiCo as recession odds rise; that cyclical defensive flow can support PEP’s valuation and dividend appeal. As Recession Odds Climb, Defensive Sectors Continue to Outperform (PEP)
• Positive Sentiment: Marketing and distribution wins — Pepsi Football Nation (global fan platform) and new Official Beverage Supplier deals for expanded Sunset Amphitheater venues — could increase beverage penetration at live events and boost away‑from‑home volumes. Is Pepsi Football Nation And New Venue Deals Reshaping the Investment Case For PepsiCo (PEP)?
• Positive Sentiment: PepsiCo is investing in sustainability and cost control — a ~US$4.8M solar installation for a UK distribution site reinforces energy-cost and ESG initiatives that can improve margins over time. Behind PepsiCo’s US$4.8m Investment in UK Solar
• Positive Sentiment: Analyst optimism and earnings momentum: PepsiCo’s track record of small earnings beats and analysts calling for another potential beat supports upside expectations. Will PepsiCo (PEP) Beat Estimates Again in Its Next Earnings Report?
• Positive Sentiment: Some broker commentary remains constructive — a recent Deutsche Bank piece (3/31) highlighted upside to ~$169, signaling that some sell‑side desks still see notable upside. PepsiCo Could Climb 10% to $169 as Deutsche Bank Rates the Stock a Buy
• Positive Sentiment: Long-term income investors continue to favor PEP — coverage highlighting PepsiCo as an outperforming Dividend Aristocrat supports steady demand from income-focused buyers. We Highlighted 3 Undervalued Dividend Aristocrats a Year Ago
• Neutral Sentiment: PepsiCo’s role at the Sustainability LIVE summit increases visibility on ESG strategy, but impacts are longer term and gradual for valuation. PepsiCo’s Sustainability Role At 2026 Summit And What It Means For Valuation
• Neutral Sentiment: Minor personnel moves in the consumer space (former PepsiCo exec joining a smaller brand) are noted but unlikely to move PEP shares materially. Brothers All Natural Lands Former PepsiCo Executive Melissa McCormack
• Neutral Sentiment: Industry consolidation (e.g., McCormick/Unilever foods merger) reshapes competitive dynamics in food aisles, but implications for PepsiCo are indirect and medium‑term. McCormick and Unilever’s foods business just announced a spicy merger
• Negative Sentiment: Analyst downgrade/expectations cut — a report says Deutsche Bank lowered its expectations for PepsiCo, which can pressure the stock by reducing short‑term sell‑side support. Deutsche Bank Aktiengesellschaft Has Lowered Expectations for PepsiCo (NASDAQ:PEP)
• Negative Sentiment: Ongoing comparisons to Coca‑Cola and articles arguing Coke is more attractive can shift investor preference away from PepsiCo in the near term. What Makes Coca-Cola More Attractive Than PepsiCo?

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.