PepsiCo, Inc. $PEP Shares Sold by Granite Group Advisors LLC

Granite Group Advisors LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,839 shares of the company’s stock after selling 5,938 shares during the period. PepsiCo comprises about 1.7% of Granite Group Advisors LLC’s holdings, making the stock its 10th largest position. Granite Group Advisors LLC’s holdings in PepsiCo were worth $2,786,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the first quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo in the second quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo in the second quarter valued at about $29,000. Vermillion & White Wealth Management Group LLC boosted its stake in shares of PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the period. Finally, Halbert Hargrove Global Advisors LLC increased its position in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Tuesday, October 21st. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Jefferies Financial Group boosted their price target on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Piper Sandler increased their price target on shares of PepsiCo from $161.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, December 9th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $117.00 to $120.00 and gave the company a “sell” rating in a report on Monday, December 15th. Eight equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $158.68.

PepsiCo Trading Up 1.7%

Shares of PepsiCo stock opened at $139.37 on Friday. The company has a 50-day moving average of $145.54 and a two-hundred day moving average of $144.02. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market cap of $190.57 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 4.49 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were given a $1.4225 dividend. The ex-dividend date was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding AI use across manufacturing and supply-chain operations, deploying AI-powered digital twins to test expansion plans and optimize plants — a move that can lower costs, improve capacity planning and support margins over time. PepsiCo Deploys AI-Powered Digital Twins of Manufacturing Facilities to Test Expansion Plans
• Positive Sentiment: Coverage assessing PepsiCo’s valuation after CES 2026 highlights partnerships with Siemens and NVIDIA — investors may re-rate PEP on expected multi-year efficiency and productivity gains from AI, supporting upside to long-term margins if execution succeeds. Assessing PepsiCo (PEP) Valuation After CES 2026 AI Partnership With Siemens And NVIDIA
• Neutral Sentiment: Market commentary notes PEP “edged higher after six straight declines,” reflecting short-term technical relief but not necessarily a change in fundamentals. PepsiCo edges higher after six straight declines
• Neutral Sentiment: Unusually large options activity was reported in PEP, which can signal traded positioning or hedging and often precedes short-term volatility; it’s ambiguous for direction. PepsiCo Target of Unusually Large Options Trading (NASDAQ:PEP)
• Neutral Sentiment: Industry/peer comparisons and coverage (Coca‑Cola vs Pepsi; dividend-focused pieces) are being published — useful for relative valuation but not immediate catalysts. Coca‑Cola Vs Pepsi Stock: Which is the Better Investment for 2026?
• Neutral Sentiment: PepsiCo was mentioned in industry event coverage (TV & Video Insider Summit), which raises visibility but is not a direct earnings driver. PepsiCo, Church’s Chicken, Electronic Arts, Kenvue, Assembly Lead Insights at our TV & Video Insider Summit
• Negative Sentiment: The FTC’s unsealing of data has triggered a surge in price‑fixing litigation naming PepsiCo and Walmart, increasing legal exposure and potential settlement costs as well as reputational risk; this is a material near‑term overhang for the stock. PepsiCo and Walmart Face Price-Fixing Litigation Surge After FTC Unseals Data
• Negative Sentiment: A separate lawsuit alleges a decade‑long price‑fixing scheme involving Walmart and PepsiCo; even if ultimately denied, litigation can mean legal fees, management distraction and potential financial settlements. Lawsuit against Walmart, PepsiCo alleges decade-long price fixing scheme
• Negative Sentiment: Political and regulatory pressure on ultraprocessed foods and sugary drinks (new dietary guidance) has weighed on large packaged‑food stocks, including PepsiCo, as policy shifts can affect marketing, product mix and sales. Kraft Heinz and Mondelez shares drop as Trump officials blast ultraprocessed foods and unveil new food pyramid

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.