MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 93,918 Shares of PepsiCo, Inc. $PEP

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 892,730 shares of the company’s stock after selling 93,918 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.07% of PepsiCo worth $125,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Three Bridge Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 68 shares in the last quarter. Facet Wealth Inc. increased its position in shares of PepsiCo by 3.2% during the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after acquiring an additional 69 shares in the last quarter. Hudock Inc. lifted its position in PepsiCo by 1.0% in the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after acquiring an additional 70 shares in the last quarter. Delta Asset Management LLC TN boosted its stake in PepsiCo by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock valued at $1,545,000 after purchasing an additional 70 shares during the last quarter. Finally, Westside Investment Management Inc. boosted its stake in PepsiCo by 2.8% during the 3rd quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock valued at $366,000 after purchasing an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Barclays boosted their target price on PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Royal Bank Of Canada upped their target price on shares of PepsiCo from $156.00 to $165.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Argus upgraded shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Finally, HSBC increased their price objective on shares of PepsiCo from $152.00 to $175.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.00.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $157.72 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The firm has a market capitalization of $215.55 billion, a price-to-earnings ratio of 26.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The firm has a 50 day moving average of $157.07 and a 200 day moving average of $149.78.

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

PepsiCo Announces Dividend

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

PepsiCo declared that its board has approved a stock repurchase program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Settlement with activist Elliott Management that outlines cost savings, portfolio pruning and potential leadership changes — a catalyst for faster margin improvement and clearer strategic focus. PepsiCo Activist Deal And Good Warrior Launch Refocus Growth Priorities
• Positive Sentiment: Launch of Good Warrior meat snacks (protein-packed beef sticks) expands PepsiCo into a fast-growing, higher-margin protein/snack category — supports growth and portfolio diversification. PepsiCo Enters Booming Meat Stick Space With Good Warrior
• Neutral Sentiment: Research/market coverage noting the stock pulled back amid a broader market uptick — frames today’s move as partly market-driven rather than company-specific. PepsiCo (PEP) Stock Falls Amid Market Uptick: What Investors Need to Know
• Neutral Sentiment: Company is highlighting AI/agentic tools in an industry keynote — potential medium/long-term productivity and customer-experience benefits but not an immediate earnings driver. PepsiCo AI Keynote Links Agentic Tools To Valuation And Risk Views
• Neutral Sentiment: Limited-release flavor and new marketing campaigns (including regional celeb hires) generate brand buzz but are unlikely to move near-term fundamentals materially. Special new Pepsi flavor is out but you can’t get it in stores
• Negative Sentiment: Shareholder law firm Lowey Dannenberg launched an investigation into potential fiduciary breaches tied to prior antitrust-related litigation and pricing practices — introduces legal and governance risk that could pressure sentiment. SHAREHOLDER ALERT: Lowey Dannenberg is Investigating PepsiCo Inc. (NASDAQ: PEP)

PepsiCo 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.