PepsiCo, Inc. $PEP Shares Sold by Kovack Advisors Inc.

Kovack Advisors Inc. lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 24.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,058 shares of the company’s stock after selling 3,301 shares during the period. Kovack Advisors Inc.’s holdings in PepsiCo were worth $1,413,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Berkeley Capital Partners LLC grew its stake in PepsiCo by 1.6% during the third quarter. Berkeley Capital Partners LLC now owns 5,313 shares of the company’s stock worth $746,000 after buying an additional 82 shares during the period. Schrum Private Wealth Management LLC lifted its holdings in shares of PepsiCo by 1.0% during the 3rd quarter. Schrum Private Wealth Management LLC now owns 8,248 shares of the company’s stock valued at $1,158,000 after acquiring an additional 79 shares in the last quarter. Excalibur Management Corp boosted its position in PepsiCo by 4.2% during the 3rd quarter. Excalibur Management Corp now owns 18,306 shares of the company’s stock worth $2,571,000 after purchasing an additional 742 shares during the period. New Millennium Group LLC raised its position in PepsiCo by 378.8% in the third quarter. New Millennium Group LLC now owns 407 shares of the company’s stock valued at $57,000 after purchasing an additional 322 shares during the period. Finally, D Orazio & Associates Inc. lifted its stake in shares of PepsiCo by 29.5% during the third quarter. D Orazio & Associates Inc. now owns 3,622 shares of the company’s stock worth $509,000 after purchasing an additional 825 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: US court blocks a proposed class action over snack pricing, removing a potential legal overhang and limiting near‑term liability risk for PepsiCo. PepsiCo, Frito-Lay win US court order barring class action in snack pricing lawsuit
• Positive Sentiment: New product and portfolio moves aim at faster growth: PepsiCo is pushing prebiotic cola and fiber‑forward snacks and expanding hydration offerings — moves intended to capture health‑conscious consumers and offset legacy snacking trends. PepsiCo Bets On Prebiotic Cola And Fiber Snacks To Sustain Growth
• Positive Sentiment: Marketing and distribution catalysts: PepsiCo rolled out its prebiotic soda nationwide and secured Mountain Dew Baja Blast as the official soft drink of MLB, both supporting brand reach and seasonal volume opportunities. PepsiCo’s prebiotic soda is now nationwide
• Positive Sentiment: TD Cowen nudged its price target modestly higher to $165 and kept a hold rating—a small analyst endorsement that supports the stock near current levels. TD Cowen adjusts price target on PepsiCo to $165
• Neutral Sentiment: Argus moved PepsiCo to a hold rating—reflecting steady fundamentals but limited upside from here. Argus upgrades PepsiCo to hold
• Neutral Sentiment: Industry coverage highlights PepsiCo alongside peers (Coke, Monster, Keurig) as companies navigating innovation and cost pressures; useful context but not a company‑specific catalyst. Zacks Industry Outlook Highlights
• Neutral Sentiment: Longer‑term consumer shifts from GLP‑1 weight‑loss drugs are a thematic risk for snack and beverage demand; PepsiCo is responding with healthier SKUs but the net impact is uncertain. Weight Loss Drugs Challenge Big Food As Diets Change
• Negative Sentiment: Zacks Research cut multiple near‑term and multi‑year EPS estimates (Q1–Q4 2026, FY2027/2028), trimming growth expectations and increasing downside risk to guidance sensitivity and valuation. (Zacks research note)

PepsiCo Trading Up 0.2%

NASDAQ PEP opened at $164.94 on Friday. The company has a market capitalization of $225.42 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.16 and a beta of 0.40. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company’s fifty day moving average price is $151.25 and its two-hundred day moving average price is $147.92.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.24 by $0.02. The business had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.96 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo announced that its Board of Directors has authorized a share buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

PepsiCo Dividend Announcement

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 $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Friday, March 6th. PepsiCo’s payout ratio is 94.83%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PEP. TD Cowen raised their target price on PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday. Evercore lifted their price objective on shares of PepsiCo from $152.00 to $165.00 in a research note on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Morgan Stanley lifted their price target on shares of PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $168.00.

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.