Pinnacle Associates Ltd. Has $27.07 Million Position in PepsiCo, Inc. $PEP

Pinnacle Associates Ltd. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 188,641 shares of the company’s stock after purchasing an additional 14,333 shares during the quarter. Pinnacle Associates Ltd.’s holdings in PepsiCo were worth $27,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Berkeley Capital Partners LLC lifted its holdings in PepsiCo by 2.3% in the 4th quarter. Berkeley Capital Partners LLC now owns 5,433 shares of the company’s stock worth $780,000 after purchasing an additional 120 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in PepsiCo by 225.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 4,283 shares of the company’s stock valued at $665,000 after buying an additional 2,965 shares during the last quarter. Western Wealth Management LLC grew its stake in PepsiCo by 23.4% in the 4th quarter. Western Wealth Management LLC now owns 13,365 shares of the company’s stock valued at $1,918,000 after buying an additional 2,533 shares during the last quarter. Allworth Financial LP grew its stake in PepsiCo by 49.3% in the 4th quarter. Allworth Financial LP now owns 120,085 shares of the company’s stock valued at $17,235,000 after buying an additional 39,669 shares during the last quarter. Finally, Rayburn West Financial Services LLC acquired a new position in PepsiCo in the 4th quarter valued at $3,081,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. TD Cowen raised their target price on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a research note on Friday, February 20th. Argus raised PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. BNP Paribas Exane boosted their price objective on PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company boosted their price objective on PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $170.37.

PepsiCo Stock Down 1.7%

Shares of PEP opened at $149.27 on Thursday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The firm has a market capitalization of $204.02 billion, a P/E ratio of 23.43, a P/E/G ratio of 2.78 and a beta of 0.38. The company has a 50-day simple moving average of $155.88 and a 200-day simple moving average of $152.46. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping 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 company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm earned $1.48 EPS. PepsiCo’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a $1.48 dividend. The ex-dividend date is Friday, June 5th. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is currently 89.32%.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Rothschild & Co Redburn reportedly issued a positive forecast for PepsiCo, which can support sentiment around the stock. Rothschild & Co Redburn Issues Positive Forecast for PepsiCo (NASDAQ:PEP) Stock Price
• Positive Sentiment: PepsiCo is being recognized for using retailer data to improve product launch execution, a sign it may be becoming more efficient at bringing new products to market. How PepsiCo Used Walmart’s Data to Rethink Launch Playbook
• Neutral Sentiment: PepsiCo executive Eugene Willemsen discussed meeting Chinese consumers’ demand for more experiential beverage offerings, highlighting ongoing international product strategy. PepsiCo’s Eugene Willemsen on meeting Chinese consumers’ demand for experiential beverage experience
• Neutral Sentiment: PepsiCo is featured in a sustainability summit speaker lineup, which is more of a corporate profile item than a direct stock catalyst. Major Global Brands Join Sustainability LIVE at London Climate Action Week 2026
• Negative Sentiment: Elliott Investment Management has built a reported $4 billion stake in PepsiCo and is pushing for operational changes, with North American snack and beverage margins in focus. That activist pressure can increase uncertainty around management strategy and signal the market sees room for improvement. Elliott’s US$4b PepsiCo Stake Puts North American Margins In Focus
• Negative Sentiment: Coverage around PepsiCo’s brand makeover and efforts to escape the “cola orbit” suggests the company is still working to reaccelerate growth, which may keep investors focused on execution risk. Pepsico’s brand makeover designed to escape the cola orbit

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.