Healthcare of Ontario Pension Plan Trust Fund Has $170.33 Million Stock Holdings in PepsiCo, Inc. $PEP

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 65.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,186,787 shares of the company’s stock after acquiring an additional 468,157 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in PepsiCo were worth $170,328,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in PepsiCo by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock worth $19,875,205,000 after buying an additional 1,612,652 shares during the period. State Street Corp increased its position in PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock worth $8,356,155,000 after buying an additional 1,079,970 shares during the last quarter. Geode Capital Management LLC boosted its position in PepsiCo by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 33,617,937 shares of the company’s stock worth $4,814,835,000 after purchasing an additional 360,936 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of PepsiCo by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock valued at $4,031,646,000 after purchasing an additional 295,955 shares during the last quarter. Finally, Norges Bank acquired a new stake in PepsiCo during the fourth quarter worth approximately $3,018,813,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo continues to expand its autonomous freight network with Gatik, a move that could improve logistics efficiency and help address staffing challenges in hard-to-serve routes. How PepsiCo’s Driverless Freight Rollout With Gatik (PEP) Has Changed Its Investment Story
• Positive Sentiment: The company also highlighted sustainability-focused farmer financing through Compeer Financial, which supports PepsiCo’s supply chain and long-term agricultural sourcing strategy. Compeer Financial Collaborates with PepsiCo to Provide Strip-Till Equipment Financing
• Neutral Sentiment: PepsiCo was included in a Q1 review of beverage, alcohol, and tobacco stocks, but the article was primarily a peer comparison and did not indicate a major new catalyst. Beverages, Alcohol, and Tobacco Stocks Q1 In Review: PepsiCo (NASDAQ:PEP) Vs Peers
• Neutral Sentiment: Analyst estimate changes were modest, with Erste Group trimming FY2027 EPS slightly to $9.14 from $9.15, suggesting limited impact on the outlook.
• Negative Sentiment: TD Cowen cut its price target on PepsiCo to $150 from $165 and kept a hold rating, signaling more cautious near-term sentiment on the stock. TD Cowen adjusts PepsiCo price target to 150 from 165
• Negative Sentiment: Piper Sandler also lowered its price target on PepsiCo to $178 from $181, reinforcing the view that analysts see only limited upside from here. Piper Sandler adjusts price target on PepsiCo to 178 from 181

PepsiCo Price Performance

PEP stock opened at $144.27 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The business has a 50-day simple moving average of $151.11 and a two-hundred day simple moving average of $152.37. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The company has a market capitalization of $197.18 billion, a P/E ratio of 22.65, a price-to-earnings-growth ratio of 2.61 and a beta of 0.35.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s payout ratio is presently 92.94%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a report on Friday, June 5th. Rothschild & Co Redburn raised their target price on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Barclays increased their price target on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $167.35.

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.