New York State Teachers Retirement System Reduces Stake in PepsiCo, Inc. $PEP

New York State Teachers Retirement System lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,080,769 shares of the company’s stock after selling 30,465 shares during the quarter. New York State Teachers Retirement System’s holdings in PepsiCo were worth $155,112,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Three Bridge Wealth Advisors LLC grew its holdings in PepsiCo by 1.8% during the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock valued at $544,000 after buying an additional 68 shares during the last quarter. Koa Wealth Management LLC grew its holdings in PepsiCo by 0.9% during the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock valued at $1,149,000 after buying an additional 68 shares during the last quarter. Facet Wealth Inc. grew its holdings in PepsiCo by 3.2% during the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after buying an additional 69 shares during the last quarter. Hudock Inc. grew its holdings in PepsiCo by 1.0% during the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after buying an additional 70 shares during the last quarter. Finally, Delta Asset Management LLC TN grew its holdings in PepsiCo by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock valued at $1,545,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo deployed 50 electric delivery trucks in Fresno as part of a broader push to electrify its fleet, which can lower long‑term fuel & maintenance costs and supports ESG targets that many institutional investors value. Fresno PepsiCo rolls out 50 electric delivery trucks, aims to reduce emissions
• Positive Sentiment: PepsiCo led a multi‑partner renewable power pact and signed a 10‑year agreement to decarbonize its European value chain — a move that can reduce long‑run energy cost volatility and improve ESG credentials. PepsiCo leads renewable power pact with suppliers to decarbonise across Europe
• Positive Sentiment: Management outlined a 2026 growth plan emphasizing cost cuts and an innovation push — a clear signal it’s focusing on margin expansion and top‑line product innovation that could support earnings growth. PepsiCo sets 2026 growth plan with cost cuts, innovation push
• Positive Sentiment: Marketing/retail initiatives (e.g., Walmart Connect strategy) and recognition as a dividend “king” support brand strength and income investor appeal. PepsiCo CMO: Walmart Connect Turns Retail Media Into ‘Launch Media’
• Neutral Sentiment: PepsiCo plans to end its bottling/distribution deal with Royal Unibrew in parts of Northern Europe by 2028 — this will change production and go‑to‑market arrangements and could create near‑term transition costs but may improve control/returns longer term. PepsiCo Bottling Shift In Northern Europe And What It Means For Valuation
• Neutral Sentiment: Tesla beginning mass production of Semi trucks is industry news that could affect fleet electrification options for PepsiCo (a potential supplier choice), but the near‑term impact on PepsiCo’s operations remains uncertain. Tesla finally gets Semi production moving at scale
• Negative Sentiment: A new consumer lawsuit alleges ultraprocessed packaged foods (naming PepsiCo among defendants) could be framed as addictive — a legal/regulatory risk that could increase litigation costs or marketing restrictions if similar suits gain traction. Food giants hit with consumer lawsuit calling ultraprocessed ingredients addictive
• Negative Sentiment: Erste Group trimmed FY2026/27 EPS estimates slightly — a modest analyst downgrade that can weigh on sentiment even if consensus remains broadly stable. Analyst estimate changes reported via MarketBeat

PepsiCo Stock Performance

PepsiCo stock opened at $158.49 on Friday. The firm has a market capitalization of $216.62 billion, a P/E ratio of 24.88, a PEG ratio of 2.84 and a beta of 0.40. The stock has a fifty day moving average price of $157.96 and a 200 day moving average price of $152.40. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 16th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were issued a $1.4225 dividend. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.6%. PepsiCo’s dividend payout ratio (DPR) is presently 89.32%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. Morgan Stanley increased their target price on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Barclays upped their target price on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Finally, Rothschild & Co Redburn upped their target price on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research note on Tuesday, February 10th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $170.26.

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.