Addenda Capital Inc. Reduces Holdings in PepsiCo, Inc. $PEP

Addenda Capital Inc. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,134 shares of the company’s stock after selling 5,614 shares during the period. Addenda Capital Inc.’s holdings in PepsiCo were worth $15,081,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo during the second quarter worth approximately $27,000. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo during the third quarter worth approximately $27,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the third quarter worth approximately $31,000. Halbert Hargrove Global Advisors LLC grew its position in shares of PepsiCo by 667.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after buying an additional 207 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new stake in shares of PepsiCo during the third quarter worth approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo commissioned eight retrofitted electric trucks in India, advancing its carbon‑reduction and logistics-efficiency goals that can lower operating costs and appeal to ESG-focused investors. PepsiCo commissions eight retrofitted electric trucks in India
• Positive Sentiment: JPMorgan trimmed its price target slightly (from $176 to $172) but kept an Overweight rating, signaling continued buy-side support even after the modest adjustment. JPMorgan adjusts price target on PepsiCo
• Positive Sentiment: Technical/near‑term commentary suggests PepsiCo could see a tactical bounce into Q1 earnings as momentum improves, which may support short‑term upside ahead of results. PepsiCo sets up for a tactical bounce into Q1 earnings
• Neutral Sentiment: Analysts broadly expect Q1 results to be largely in‑line with consensus; investor focus will be on North America foods turnaround, PBNA growth plans, and any comments on geopolitical risks. PepsiCo seen posting in-line Q1
• Neutral Sentiment: Some broker models have trimmed fair value slightly and issued mixed target moves (both upgrades and cuts), indicating divergent views but no consensus negative re‑rating yet. How the PepsiCo investment narrative is shifting
• Negative Sentiment: Repeated media reports say steep Doritos price hikes (bags up ~50% since 2021) led to major sales losses and a subsequent price rollback; coverage suggests this misstep cost the company billions and remains a reputational and volume headwind. How $7 bags of Doritos cost PepsiCo billions
• Negative Sentiment: Price cuts by Frito‑Lay have not fully placated consumers; commentary and short‑term sales weakness have pressured investor sentiment and contributed to share weakness in recent sessions. PepsiCo stock slips as Frito‑Lay price cuts fail to please customers
• Negative Sentiment: Customer/contract losses (e.g., reports that Marriott moved away from Pepsi in some properties) add brand and revenue risk in key venues like hotels and events. Marriott dumps Pepsi

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $154.80 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The firm’s 50-day simple moving average is $160.34 and its 200 day simple moving average is $150.88. 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 has a market cap of $211.60 billion, a P/E ratio of 25.80, a P/E/G ratio of 3.03 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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 net margin of 8.77% and a return on equity of 57.92%. The business had revenue of $29.34 billion for the quarter, compared to analysts’ expectations of $28.96 billion. During the same period in the previous year, the business earned $1.96 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo announced that its Board of Directors has authorized a share repurchase plan on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans 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 was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Friday, March 6th. PepsiCo’s payout ratio is currently 94.83%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup raised their price target on shares of PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Piper Sandler raised their price target 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. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $176.00 to $169.00 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Morgan Stanley lifted their price objective on shares of PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $168.58.

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.