PepsiCo, Inc. $PEP Shares Sold by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 96.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,331 shares of the company’s stock after selling 826,957 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in PepsiCo were worth $4,353,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,612,652 shares during the period. State Street Corp grew its holdings in PepsiCo by 1.8% in the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after purchasing an additional 1,079,970 shares during the period. Geode Capital Management LLC increased 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 28,090,426 shares of the company’s stock worth $4,031,646,000 after purchasing an additional 295,955 shares during the period. Finally, Norges Bank acquired a new position in shares of PepsiCo in the 4th quarter valued at $3,018,813,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $142.02 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The stock has a market cap of $194.11 billion, a price-to-earnings ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The company has a fifty day moving average price of $149.90 and a 200 day moving average price of $152.24.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $1.48 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is 92.94%.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s management is being spotlighted for using AI and digital tools to improve operations, strengthen food-system resilience, and support a broader global transformation strategy, which could bolster long-term efficiency and growth. Building a Lighthouse Company: Athina Kanioura on Leading PepsiCo’s Global Transformation
• Positive Sentiment: PepsiCo is also being discussed as a beneficiary of AI adoption across food and beverage companies, which may support productivity and growth initiatives over time. PepsiCo, Danone & Nestlé: how AI is powering F&B growth
• Positive Sentiment: A new Doritos Loaded commercial featuring Gordon Ramsay and Formula 1 driver George Russell underscores PepsiCo’s willingness to spend on high-profile marketing to support snack brand visibility and demand. PepsiCo: Doritos Loaded Unveils High-Octane Commercial Starring Chef Gordon Ramsay And Mercedes-AMG Petronas F1 Driver George Russell
• Neutral Sentiment: Several recent commentary pieces focus on PepsiCo’s valuation and dividend appeal, with one suggesting the shares may trade below fair value while another argues for caution and calls the stock a possible sell, leaving investor sentiment mixed. PepsiCo (PEP) Stock Could Be 46.9% Below Fair Value as Views Split
• Neutral Sentiment: PepsiCo remains a frequent feature in dividend-investing discussions, reinforcing its reputation as a defensive income stock rather than signaling a new catalyst. PepsiCo: Scoop Up This Dividend Growth Legend Now
• Negative Sentiment: Bearish market commentary argues PepsiCo has lagged the broader market since late 2025, which may weigh on sentiment if investors continue to favor faster-growing alternatives. 3 Reasons to Sell PEP and 1 Stock to Buy Instead

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. HSBC boosted their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Sanford C. Bernstein started coverage on PepsiCo in a report on Thursday, June 11th. They issued a “market perform” rating and a $143.00 target price on the stock. Piper Sandler lowered their price target on PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a research report on Friday, June 12th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $167.10.

PepsiCo Company 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.