Jensen Investment Management Inc. Has $12.98 Million Stock Holdings in PepsiCo, Inc. $PEP

Jensen Investment Management Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 92,436 shares of the company’s stock after selling 11,726 shares during the quarter. Jensen Investment Management Inc.’s holdings in PepsiCo were worth $12,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Baader Bank Aktiengesellschaft boosted its stake in PepsiCo by 8.3% in the third quarter. Baader Bank Aktiengesellschaft now owns 10,114 shares of the company’s stock valued at $1,308,000 after acquiring an additional 774 shares during the last quarter. Cove Private Wealth LLC boosted its position in shares of PepsiCo by 1.7% in the 3rd quarter. Cove Private Wealth LLC now owns 10,019 shares of the company’s stock worth $1,407,000 after purchasing an additional 170 shares during the last quarter. SVB Wealth LLC boosted its position in shares of PepsiCo by 5.7% in the 3rd quarter. SVB Wealth LLC now owns 53,319 shares of the company’s stock worth $7,488,000 after purchasing an additional 2,858 shares during the last quarter. Opinicus Capital Inc. bought a new stake in PepsiCo in the third quarter valued at about $863,000. Finally, Versor Investments LP boosted its holdings in PepsiCo by 18.8% during the third quarter. Versor Investments LP now owns 11,500 shares of the company’s stock worth $1,615,000 after buying an additional 1,818 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $166.97 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The business’s 50 day moving average price is $148.36 and its two-hundred day moving average price is $146.63. The company has a market cap of $228.19 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.18 and a beta of 0.40. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $170.75.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. During the same period last year, the firm posted $1.96 earnings per share. The business’s revenue was up 5.6% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo declared that its Board of Directors has initiated 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 stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

PepsiCo Announces Dividend

The company also recently declared 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. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio is 94.83%.

Analyst Ratings Changes

PEP has been the subject of a number of recent analyst reports. Citigroup increased their price target on shares of PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Evercore ISI boosted their price target on shares of PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. Loop Capital set a $164.00 price objective on PepsiCo in a report on Thursday, October 23rd. UBS Group reiterated a “buy” rating and set a $190.00 target price on shares of PepsiCo in a report on Wednesday, February 4th. Finally, BNP Paribas Exane set a $191.00 price target on PepsiCo in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $167.68.

About PepsiCo

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.