Harbour Trust & Investment Management Co Lowers Stake in PepsiCo, Inc. $PEP

Harbour Trust & Investment Management Co cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% during the fourth quarter, HoldingsChannel reports. The fund owned 65,110 shares of the company’s stock after selling 3,706 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in PepsiCo were worth $9,345,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Three Bridge Wealth Advisors LLC raised its holdings in PepsiCo by 1.8% in the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after purchasing an additional 68 shares in the last quarter. Facet Wealth Inc. boosted its holdings in shares of PepsiCo by 3.2% in 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 in the last quarter. Hudock Inc. grew its position in shares of PepsiCo by 1.0% in the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock worth $994,000 after buying an additional 70 shares during the last quarter. Delta Asset Management LLC TN raised its stake in shares of PepsiCo by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock worth $1,545,000 after acquiring an additional 70 shares in the last quarter. Finally, Westside Investment Management Inc. lifted its position in PepsiCo by 2.8% during the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock valued at $366,000 after acquiring an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $153.79 on Thursday. The stock has a market cap of $210.20 billion, a PE ratio of 24.14, a price-to-earnings-growth ratio of 2.84 and a beta of 0.40. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The business has a 50-day simple moving average of $159.05 and a 200-day simple moving average of $151.92. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $18.89 billion. During the same period in the previous year, the company posted $1.48 earnings per share. PepsiCo’s revenue for the quarter was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current year.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were given a $1.4225 dividend. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. PepsiCo’s payout ratio is 89.32%.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a multi-year strategic collaboration with Google Cloud to deploy Gemini Enterprise Agent and strengthen its multi‑cloud digital foundation, aimed at faster analytics-to-action across supply chain and marketing — a potential long-term efficiency and growth catalyst. PepsiCo Gains As Google Cloud Partnership Boosts AI, Supply Chain Plans
• Positive Sentiment: PR and Cloud Next coverage expand on the Google Cloud deal, reinforcing execution plans to transform IT systems and scale AI across the business — signals investors view as supportive for margins and innovation. PepsiCo Deepens AI Capabilities with Google Cloud
• Positive Sentiment: Reported buying by Steve Cohen’s Point72 adds an institutional vote of confidence in PEP’s outlook and can support sentiment. Steve Cohen’s Point72 Is Aggressively Buying These 3 Stocks
• Positive Sentiment: Management says recent price cuts are yielding benefits — a tactical move that can help volume and share gains while supporting near-term revenue recovery. PepsiCo says price cuts are paying off
• Positive Sentiment: Product innovation and portfolio refreshes — Quaker Protein Rice Crisps and Bubly Wine Refreshers — support revenue diversification and health/slow‑alcohol trends. QUAKER® EXPANDS PORTFOLIO WITH NEW PROTEIN RICE CRISPS OFFERING PepsiCo Launches Bubly Wine Refreshers
• Positive Sentiment: Company initiatives to broaden Gatorade’s market beyond athletes and to re-energize the foods segment indicate growth levers beyond core beverages. PepsiCo looks to broaden the market for Gatorade PepsiCo makes strides in re-energizing food business
• Neutral Sentiment: PepsiCo selected Carlsberg as its bottling and distribution partner in Northern Europe (effective 2029). This is a strategic supply-chain move that should simplify operations long-term but creates near-term transition risk. PepsiCo Hands Northern Europe Bottling To Carlsberg
• Neutral Sentiment: Operational stories — India farm-to-shelf overhaul and a planned virtual annual meeting — are material for governance/ops but unlikely to move the stock sharply on their own. Inside PepsiCo India’s farm-to-shelf overhaul PepsiCo Announces Webcast of Annual Meeting of Shareholders
• Negative Sentiment: Guru Organic Energy filed a C$15m suit alleging breach of distribution agreements with Pepsi’s Canadian bottling unit — a legal risk that could create costs and local distraction. Guru sues PepsiCo for alleged distribution agreement breach

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PEP. Morgan Stanley raised their price objective on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. BNP Paribas Exane boosted their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Wells Fargo & Company increased their price target on shares of PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.