PepsiCo, Inc. $PEP Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 836,908 shares of the company’s stock after selling 22,233 shares during the quarter. King Luther Capital Management Corp owned about 0.06% of PepsiCo worth $117,535,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of PepsiCo during the 1st quarter valued at about $251,000. Sivia Capital Partners LLC boosted its stake in shares of PepsiCo by 138.5% in the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after buying an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. grew its holdings in PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after acquiring an additional 3,502 shares during the period. Finally, Phoenix Financial Ltd. raised its position in PepsiCo by 13.8% during the second quarter. Phoenix Financial Ltd. now owns 32,773 shares of the company’s stock valued at $4,325,000 after acquiring an additional 3,970 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.5%

Shares of PepsiCo stock opened at $164.39 on Thursday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The firm’s 50-day moving average price is $150.65 and its 200 day moving average price is $147.62. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The firm has a market capitalization of $224.66 billion, a PE ratio of 27.40, a P/E/G ratio of 3.09 and a beta of 0.40.

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 return on equity of 57.92% and a net margin of 8.77%.The business had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. During the same quarter last year, the business posted $1.96 earnings per share. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.5%. PepsiCo’s dividend payout ratio is presently 94.83%.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is accelerating innovation in beverages and snacks — national rollout of a prebiotic soda and R&D into fiber/hydration products could support long‑term revenue mix improvement and higher margin innovation. PepsiCo Bets On Prebiotic Cola And Fiber Snacks To Sustain Growth
• Positive Sentiment: Consumers appear to be responding well to recent snack price cuts, which management says are helping demand — that can support volume recovery even if it compresses near‑term margins. PepsiCo Says Consumers Like Price Cuts on Snacks
• Positive Sentiment: Marketing and brand efforts targeting Gen Z — including a creator‑led chips launch — may help refresh the portfolio and boost penetration in younger cohorts. PepsiCo’s first creator-led product launch reimagines chips for Gen Z
• Positive Sentiment: Dividend durability remains a support for the stock — PepsiCo declared and paid its quarterly dividend, continuing a long streak attractive to income investors (PEP yields ~3.4%). Retirees Are Quietly Accumulating This 8% Dividend Grower
• Neutral Sentiment: Management presented at the CAGNY conference — slides and transcript provide detail on strategy and outlook; useful for validating margin, pricing and innovation commentary but not a near‑term earnings shock. CAGNY conference transcript CAGNY slideshow
• Negative Sentiment: Zacks Research cut EPS estimates across multiple quarters and trimmed FY2027 guidance (FY2027 cut from $9.13 to $8.63), lowering several quarterly EPS forecasts — this is the main near‑term negative catalyst as it reduces street expectations and can weigh on forward multiples. (Zacks releases summarized to investors)

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $164.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Barclays lifted their price objective on shares of PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Morgan Stanley increased their target price on shares of PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Citigroup lifted their price target on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday, October 23rd. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.83.

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.