Eagle Rock Investment Company LLC Sells 5,169 Shares of PepsiCo, Inc. $PEP

Eagle Rock Investment Company LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 16.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 25,417 shares of the company’s stock after selling 5,169 shares during the quarter. Eagle Rock Investment Company LLC’s holdings in PepsiCo were worth $3,570,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PEP. Evolution Wealth Management Inc. bought a new stake in PepsiCo during the second quarter worth $27,000. JCIC Asset Management Inc. acquired a new position in shares of PepsiCo during the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC lifted its position in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its position in PepsiCo by 667.7% in the third 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, Manning & Napier Advisors LLC acquired a new position in PepsiCo during the third quarter worth about $37,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8%

Shares of NASDAQ:PEP opened at $165.94 on Monday. The firm has a market cap of $226.78 billion, a P/E ratio of 27.66, a P/E/G ratio of 3.16 and a beta of 0.40. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The business has a fifty day simple moving average of $149.61 and a 200 day simple moving average of $147.15. 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 (NASDAQ:PEP) last issued 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 return on equity of 57.92% and a net margin of 8.77%.The company 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 firm posted $1.96 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo announced that its Board of Directors has approved a share buyback plan on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders 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 yield of 3.4%. PepsiCo’s dividend payout ratio (DPR) is presently 94.83%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Barclays raised its price target to $160 after PepsiCo’s earnings (keeps an Equal Weight rating), reflecting model updates post‑report and supporting near‑term valuation. PepsiCo, Inc. (PEP) Price Target Increased to $160 at Barclays Post-Earnings Update
• Positive Sentiment: Analysts and pieces highlighting PepsiCo’s earnings quality and stability are bolstering investor comfort after the quarter — small EPS and revenue beats reinforce the company’s predictable cash generation. Investors Can Find Comfort In PepsiCo’s (NASDAQ:PEP) Earnings Quality
• Positive Sentiment: Momentum: PEP has rallied (~18–19% in 2026 according to coverage) on the earnings beat, brand strength and cross‑category momentum, which supports continued investor interest. PepsiCo Up 18% in a Month: Smart Entry Point or Wait for a Pullback?
• Positive Sentiment: Dividend narrative: coverage noting a peak dividend yield thesis and the stock’s income appeal is likely attracting yield‑focused buyers and long‑term holders. I Predicted That PepsiCo’s Dividend Yield Peaked at 4.4% Because the Dividend King Stock Was Too Cheap to Ignore. Here’s Why Pepsi Is Already Up 19% in 2026 and Could Still Be …
• Positive Sentiment: Product/brand move: PepsiCo is rebranding its Sunbites snack to emphasize fibre — a health positioning that can boost shelf relevance in growth categories. PepsiCo rebrands Sunbites to champion fibre content
• Neutral Sentiment: Some analysts remain cautious: a Seeking Alpha piece sees solid momentum into 2026 but still rates PEP a Hold, signaling mixed conviction among investors despite operational upside. PepsiCo: Solid Momentum Coming Into 2026, But I Still Rate It A Hold For Now
• Neutral Sentiment: Other analyst moves vary (one outlet shows a price‑target raise to $130), underscoring differing views on upside from here. PepsiCo (NASDAQ:PEP) Price Target Raised to $130.00
• Neutral Sentiment: Corporate/ESG: profile pieces about senior leaders expanding women’s careers in supply chain are positive for culture/ESG but unlikely to move near‑term stock performance. How a PepsiCo exec is paving careers for women in supply chains
• Neutral Sentiment: Sector flow: coverage of the Invesco Food & Beverage ETF (PBJ) notes the group’s resurgence; sector ETFs can amplify PEP moves but are a broader, non‑specific driver. After Stalling Out, PBJ May Be Finally Be Ready To Deliver For Investors
• Negative Sentiment: Debt issuance: PepsiCo launched a €2.5 billion euro‑denominated senior notes offering (multiple tranches), which increases gross debt and could weigh on leverage metrics that investors monitor. PepsiCo Issues €2.5 Billion Euro-Denominated Senior Notes

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $164.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Wells Fargo & Company raised their target price on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Finally, Jefferies Financial Group upped their target price on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $167.68.

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.