Mackenzie Financial Corp Sells 106,366 Shares of PepsiCo, Inc. $PEP

Mackenzie Financial Corp reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 931,338 shares of the company’s stock after selling 106,366 shares during the quarter. Mackenzie Financial Corp owned 0.07% of PepsiCo worth $130,797,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JCIC Asset Management Inc. bought a new position in PepsiCo in the 3rd quarter valued at about $27,000. Evolution Wealth Management Inc. bought a new stake in shares of PepsiCo during the 2nd quarter worth approximately $27,000. Vermillion & White Wealth Management Group LLC boosted its position 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 worth $31,000 after acquiring an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC increased its stake in PepsiCo by 667.7% in the third 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 last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in PepsiCo during the third quarter valued at approximately $37,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.4%

PEP opened at $160.15 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The firm has a market capitalization of $218.87 billion, a price-to-earnings ratio of 26.69, a PEG ratio of 3.08 and a beta of 0.39. The company’s 50 day moving average price is $156.05 and its two-hundred day moving average price is $149.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. The firm had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.96 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo announced that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio (DPR) is currently 94.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Rothschild & Co Redburn raised their target price on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a report on Tuesday, February 10th. Wall Street Zen raised PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Morgan Stanley raised their price objective on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Barclays lifted their target price on PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 4th. Finally, BNP Paribas Exane set a $191.00 target price on shares of PepsiCo in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $168.50.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst upgrade and guidance lift: One Seeking Alpha note upgraded PEP to a Buy after Q4 results (5.6% revenue growth) and management’s 2026 guide calling for 2–4% organic revenue and 4–6% EPS growth — a sign the tariff and margin headwinds are receding and should support upside. PepsiCo: Headwinds Are Finally Retreating (Rating Upgrade)
• Positive Sentiment: Valuation argument for upside: Another Seeking Alpha piece reiterates a Buy, noting PEP trades under ~20x forward earnings and derives a ~$175 price target (~10% above recent levels) — supporting further gains if execution continues. PepsiCo: Shares Pop In Early 2026, Valuation Is Still Appealing
• Positive Sentiment: Short interest has meaningfully declined, removing some downside pressure — short interest fell ~29.7% in February to ~20.8M shares (≈1.5% of float; ~3.1 days to cover), which reduces the risk of a short‑squeeze driven volatility spike to the downside.
• Neutral Sentiment: Options‑income idea: A Seeking Alpha piece pitches selling options on PEP for >10% yield as a tactical income trade — useful for yield‑seeking investors but it reflects trading strategies rather than fundamentals. Sell Options On PepsiCo For A 10%+ Yield
• Neutral Sentiment: Analyst fair‑value tweaks: Coverage notes the firm’s fair value estimate nudged to ~$170.8 and that analyst views are mixed — incremental changes, not a consensus rerating. How PepsiCo (PEP) Narrative Is Evolving Around 2026 Turnaround Goals And Fair Value
• Neutral Sentiment: Brand/marketing item: PepsiCo opened its first Lay’s‑branded restaurant in Spain — a small‑scale brand experiment that supports innovation but is unlikely to move near‑term revenue materially. PepsiCo opens first Lay’s-branded restaurant in Spain
• Negative Sentiment: Peer outperformance: Coca‑Cola (KO) has rallied sharply (~12.5% month) on durable pricing power and investor preference for beverage exposure, which can divert rotational flows away from PEP and pressure relative performance. Coca-Cola Stock Rises 12.5% in a Month: Buy the Rally or Wait?

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.