PepsiCo, Inc. $PEP Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 178,316 shares of the company’s stock after selling 5,016 shares during the period. Martingale Asset Management L P’s holdings in PepsiCo were worth $25,043,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Vanguard Group Inc. raised its holdings in PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after purchasing an additional 1,761,785 shares in the last quarter. State Street Corp boosted its holdings in shares of PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after buying an additional 920,045 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after buying an additional 2,556,163 shares during the last quarter. Norges Bank acquired a new stake in PepsiCo during the 2nd quarter worth $2,330,594,000. Finally, Franklin Resources Inc. lifted its position in PepsiCo by 19.5% in the second quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company’s stock valued at $2,056,797,000 after acquiring an additional 2,541,455 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.8%

NASDAQ PEP opened at $158.86 on Friday. The firm’s fifty day moving average is $156.36 and its two-hundred day moving average is $149.59. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The firm has a market cap of $217.11 billion, a PE ratio of 26.48, a P/E/G ratio of 3.07 and a beta of 0.39.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.02. The business had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

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

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is 94.83%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is pushing AI across marketing, supply chain and R&D to drive efficiency and revenue growth — a technology-led productivity story that supports longer-term margin expansion. PepsiCo’s refreshing take on AI to fuel global growth
• Positive Sentiment: Industry sponsorship trends in EMEA (soccer-focused, high-value energy drink deals) create promotional and distribution opportunities for PepsiCo’s beverage brands in Europe — a demand tailwind for on-premise and event marketing. EMEA Non-Alcoholic Beverages Sponsorship in Sports Business Report 2025
• Positive Sentiment: PepsiCo is actively expanding in meat snacks with the “Good Warrior” push and broader pivot into higher-growth savory/snack niches — a diversification move that could boost faster-growing, higher-margin categories over time. PepsiCo to fight for meat snack market share with ‘Good Warrior’
• Positive Sentiment: Several analyst pieces have turned constructive — noting revenue and margin recovery, an upgrade and a valuation case that still looks appealing vs. peers — which supports upside if execution continues. PepsiCo: Headwinds Are Finally Retreating (Rating Upgrade)
• Neutral Sentiment: PepsiCo agreed to buy prebiotic soda Poppi for about $1.95B to accelerate its functional, low‑sugar beverage push and expand into the UK — strategic for younger consumers but raising near-term valuation and integration questions. PepsiCo Poppi Deal Tests Functional Beverage Push And Valuation Gap
• Neutral Sentiment: Options-income trade ideas circulating in the market (sell options against PEP) reflect investor interest in collecting yield from a relatively stable consumer-staples name, but they’re more a derivative/positioning signal than a direct fundamental catalyst. Sell Options On PepsiCo For A 10%+ Yield
• Negative Sentiment: PepsiCo is closing some Frito‑Lay factories in 2026, which may reflect cost cutting and rationalization but also raises near-term execution, labor and supply‑chain disruption concerns that can pressure sentiment. PepsiCo is closing Frito-Lay factories in 2026 (Are more to come?)
• Negative Sentiment: Critical analysis notes that while trends are improving, some core problems — e.g., margin pressure in lower-growth categories and the need to prove sustainable organic growth — remain; that caution is likely weighing on the stock. PepsiCo: Improving, But Core Problems Remain

Analyst Ratings Changes

Several equities analysts have issued reports on PEP shares. Wall Street Zen upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Wells Fargo & Company boosted their target price on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Morgan Stanley upped their target price on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Citigroup raised their price target on PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Finally, Rothschild & Co Redburn boosted their price objective on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research note on Tuesday, February 10th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $169.00.

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.