Narwhal Capital Management Sells 10,307 Shares of PepsiCo, Inc. $PEP

Narwhal Capital Management lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.2% in the fourth quarter, HoldingsChannel reports. The fund owned 57,403 shares of the company’s stock after selling 10,307 shares during the period. Narwhal Capital Management’s holdings in PepsiCo were worth $8,238,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PEP. JCIC Asset Management Inc. acquired a new position in PepsiCo during the 3rd quarter valued at about $27,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $29,000. Imprint Wealth LLC bought a new stake in shares of PepsiCo during the third quarter worth approximately $31,000. Strategic Advocates LLC acquired a new position in PepsiCo in the third quarter valued at approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in PepsiCo in the fourth quarter valued at approximately $33,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $156.29 on Wednesday. The firm has a market capitalization of $213.61 billion, a price-to-earnings ratio of 24.54, a price-to-earnings-growth ratio of 2.82 and a beta of 0.40. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The firm has a fifty day moving average of $158.26 and a 200-day moving average of $152.34.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 16th. 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 firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same period in the previous year, the company posted $1.48 earnings per share. The company’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 research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

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

PepsiCo Announces Dividend

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

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Signed a 10‑year Virtual Power Purchase Agreement with Givaudan, Smurfit WestRock and Statkraft to source wind power in Spain—strengthens decarbonization progress, locks energy supply/pricing and supports ESG targets that institutional investors value. PepsiCo VPPA announcement
• Positive Sentiment: CMO signals Walmart Connect is being used as “launch media,” indicating stronger retail-media activation and faster new-product rollouts at a major retail partner—could improve promotional ROI and speed to shelf for new SKUs. PepsiCo CMO / Walmart Connect
• Positive Sentiment: Continuing product innovation with a protein push (Quaker Protein Rice Crisps and a MUG Root Beer “Brotein” bundle) to capture higher‑growth, health‑oriented occasions—helps diversify mix and supports margin expansion over time. PepsiCo protein push
• Positive Sentiment: Reinforced income story—named among elite “Dividend Kings” and featured on lists highlighting stable sales and dividend growth, supporting demand from yield‑focused investors. Dividend king recognition
• Positive Sentiment: Analyst/market commentary remains constructive—recent bullish write‑ups highlight upside at current multiples given stable cash flow and product pipeline. Bullish analysis
• Neutral Sentiment: Global marketing push: Mirinda relaunched with a “Smile Please” platform—brand-building activity that supports long‑term awareness but is unlikely to move near‑term results materially. Mirinda global launch
• Negative Sentiment: Peer pressure from Coca‑Cola’s stronger Q1 print (KO jumped) could shift investor attention and valuation multiple dynamics in the beverage space, creating short‑term relative weakness risk for PepsiCo. Coca‑Cola Q1 beat

Analysts Set New Price Targets

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Barclays lifted their price objective on PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Citigroup upped their price objective on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Morgan Stanley raised their target price on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. Finally, Rothschild & Co Redburn upped their price target on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a research note on Tuesday, February 10th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $170.26.

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.