Bridges Investment Management Inc. Reduces Holdings in PepsiCo, Inc. $PEP

Bridges Investment Management Inc. cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the 4th quarter, HoldingsChannel reports. The fund owned 188,855 shares of the company’s stock after selling 16,781 shares during the quarter. Bridges Investment Management Inc.’s holdings in PepsiCo were worth $27,104,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. MH & Associates Securities Management Corp ADV purchased a new stake in PepsiCo during the 4th quarter valued at about $29,000. Imprint Wealth LLC bought a new position in PepsiCo during the 3rd quarter valued at approximately $31,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $33,000. Strategic Advocates LLC bought a new stake in shares of PepsiCo in the 3rd quarter worth approximately $33,000. Finally, Highline Wealth Partners LLC grew its position in shares of PepsiCo by 56.3% in the 4th quarter. Highline Wealth Partners LLC now owns 250 shares of the company’s stock worth $36,000 after buying an additional 90 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is taking steps to keep products affordable without sacrificing innovation, which could help protect volumes as consumers remain budget-conscious. How PepsiCo Is Achieving Affordability
• Positive Sentiment: The company is rolling out new products such as premium energy drink brand Adrenaline Rush and protein popcorn, signaling efforts to drive growth beyond core snacks and beverages. PepsiCo launches premium energy drink brand ‘Adrenaline Rush’ PepsiCo debuts protein popcorn
• Positive Sentiment: Analysts and media coverage continue to highlight PepsiCo as a long-term dividend grower with strong cash flow, which supports its defensive investment appeal. PepsiCo and P&G are long-term dividend growers Why PepsiCo (PEP) Remains a Top Dividend King Despite Industry Challenges
• Neutral Sentiment: Recent commentary suggests PepsiCo’s brand restaging and turnaround plan are improving the outlook, but investors are still waiting to see whether those efforts translate into sustained organic sales growth. Can Brand Restaging Meaningfully Lift PepsiCo’s Organic Sales Outlook?
• Neutral Sentiment: Coverage questioning whether PEP can reach a new all-time high reflects uncertainty around the stock’s near-term momentum after a recent pullback. Will Pepsi Stock Hit a New All Time High in 2026?
• Negative Sentiment: PepsiCo has been underperforming lately, with shares well below recent moving averages, suggesting investors remain cautious about slower growth and consumer spending pressure. Is PepsiCo Stock Underperforming the Dow?

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Piper Sandler lifted their price objective on PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, April 17th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $170.11.

PepsiCo Trading Up 0.3%

NASDAQ PEP opened at $142.00 on Wednesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The stock has a market cap of $194.08 billion, a P/E ratio of 22.29, a P/E/G ratio of 2.56 and a beta of 0.35. The stock’s fifty day moving average price is $152.90 and its 200-day moving average price is $152.64. 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 (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.48 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. PepsiCo’s payout ratio is currently 89.32%.

PepsiCo declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

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.