ICICI Prudential Asset Management Co Ltd Has $6.67 Million Stock Position in PepsiCo, Inc. $PEP

ICICI Prudential Asset Management Co Ltd grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 47,525 shares of the company’s stock after acquiring an additional 3,842 shares during the period. ICICI Prudential Asset Management Co Ltd’s holdings in PepsiCo were worth $6,674,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Evolution Wealth Management Inc. bought a new position in PepsiCo during the 2nd quarter valued at $27,000. JCIC Asset Management Inc. bought a new stake in shares of PepsiCo in the third quarter valued at $27,000. Vermillion & White Wealth Management Group LLC lifted its stake in shares of PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after buying an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $37,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.1%

NASDAQ:PEP opened at $164.59 on Friday. The firm has a market cap of $224.94 billion, a PE ratio of 27.43, a price-to-earnings-growth ratio of 3.13 and a beta of 0.40. The company has a 50-day moving average of $150.96 and a 200 day moving average of $147.74. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The firm had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo declared that its board has authorized a share repurchase program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is presently 94.83%.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Court win reduces legal overhang — A U.S. court granted PepsiCo and Frito‑Lay an order barring a class action over snack pricing, lowering potential litigation risk and related costs for the snacks segment. PepsiCo, Frito-Lay win US court order barring class action in snack pricing lawsuit
• Positive Sentiment: New product scale — PepsiCo’s prebiotic soda is now being rolled out nationwide, supporting innovation in higher‑margin, health‑oriented beverages that can drive category growth and mix improvement. PepsiCo’s prebiotic soda is now nationwide. Here’s what it is
• Positive Sentiment: Marketing / distribution boost — Mountain Dew Baja Blast named the official soft drink of MLB increases brand visibility and seasonally relevant demand opportunities for the beverage portfolio. PepsiCo’s Mountain Dew Baja Blast becomes official soft drink of MLB
• Positive Sentiment: Portfolio transformation toward health & fiber — Management is investing in fiber snacks, hydration and functional beverages (prebiotic cola, fiber snacks) and experimenting with creator‑led product launches aimed at Gen Z — initiatives that support long‑term growth and margin expansion if successful. PepsiCo plays ‘offense’ to transform portfolio for health-conscious consumers
• Positive Sentiment: Dividend reliability — Recent quarterly dividend payment continues PepsiCo’s long track record of increases, supporting appeal to income investors. Retirees Are Quietly Accumulating This 8% Dividend Grower With a Half-Century of Increases
• Neutral Sentiment: Analyst rating update — Argus moved PepsiCo to a “hold” (from a lower or different stance), a minor near‑term signal but not a major catalyst. Zacks / Argus coverage
• Neutral Sentiment: Investor presentation content — PepsiCo’s CAGNY presentation and related slides reiterated strategy (innovation, mix shift), offering transparency but no immediate new guidance. PepsiCo Presents at CAGNY Conference — Transcript
• Negative Sentiment: Analyst cuts to near‑term EPS — Zacks Research lowered multiple quarterly and full‑year EPS estimates across 2026–2027, which can pressure sentiment if investors focus on near‑term earnings revisions despite strategic growth initiatives. Zacks Research: EPS estimate reductions

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PEP shares. Wells Fargo & Company boosted their target price on PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. BNP Paribas Exane set a $191.00 target price on shares of PepsiCo in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $156.00 target price on shares of PepsiCo in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $167.83.

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.