Conning Inc. Trims Stake in PepsiCo, Inc. $PEP

Conning Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 232,512 shares of the company’s stock after selling 4,761 shares during the period. Conning Inc.’s holdings in PepsiCo were worth $33,370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. JCIC Asset Management Inc. purchased a new stake in PepsiCo during the third quarter worth $27,000. MH & Associates Securities Management Corp ADV purchased a new position in PepsiCo in the fourth quarter valued at $29,000. Imprint Wealth LLC acquired a new position in shares of PepsiCo in the third quarter worth about $31,000. Strategic Advocates LLC acquired a new position in shares of PepsiCo in the third quarter worth about $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. The Goldman Sachs Group lifted their price target on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Citigroup raised their price objective on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. BNP Paribas Exane boosted their price objective on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. HSBC upped their target price on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Finally, Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $130.00 to $132.00 in a research note on Monday. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $170.37.

PepsiCo Trading Down 0.4%

Shares of PEP stock opened at $148.67 on Friday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The company’s 50-day moving average price is $155.55 and its 200-day moving average price is $152.44. The stock has a market cap of $203.20 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 2.74 and a beta of 0.38.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the previous year, the firm earned $1.48 earnings per share. PepsiCo’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 4.0%. PepsiCo’s dividend payout ratio (DPR) is currently 89.32%.

PepsiCo declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Wall Street-focused coverage highlighted PepsiCo as one of the better stocks to own in falling markets, reinforcing its reputation as a defensive consumer staples name that can attract buyers during risk-off trading. Here’s Why Pepsi (PEP) is Among the 10 Best Stocks to Buy in Falling Markets According to Wall Street Analysts
• Positive Sentiment: PepsiCo announced a new collaboration with TalusAg to advance fertilizer decarbonization across its agricultural supply chain, which could support its ESG profile and appeal to sustainability-minded investors. PepsiCo’s Fertilizer Decarbonization Push And What It Means For Investors
• Neutral Sentiment: Separate coverage also noted PepsiCo’s sustainability push and public climate-action messaging, but this appears more like a long-term brand and operations story than an immediate stock catalyst. PepsiCo’s Fertilizer Decarbonization Push And What It Means For Investors
• Neutral Sentiment: New federal legislation on recycled-material claims could affect how PepsiCo markets packaging and sustainability claims, but the bill is still proposed and its financial impact is uncertain. New Bill: Representative Nicholas A. Langworthy introduces H.R. 7502: Recycled Materials Attribution Act of 2026

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.