Keel Point LLC Cuts Position in PepsiCo, Inc. $PEP

Keel Point LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 54.0% in the third quarter, Holdings Channel.com reports. The fund owned 5,042 shares of the company’s stock after selling 5,928 shares during the quarter. Keel Point LLC’s holdings in PepsiCo were worth $708,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JCIC Asset Management Inc. acquired a new stake in shares of PepsiCo in the third quarter valued at about $27,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the second quarter worth about $27,000. Imprint Wealth LLC acquired a new position in PepsiCo during the third quarter worth about $31,000. Vermillion & White Wealth Management Group LLC increased its holdings in PepsiCo by 107.1% in the second 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. Finally, Strategic Advocates LLC acquired a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. UBS Group reaffirmed a “buy” rating and set a $190.00 price objective on shares of PepsiCo in a report on Wednesday, February 4th. Royal Bank Of Canada upped their target price on PepsiCo from $156.00 to $165.00 and gave the company a “sector perform” rating in a report on Monday, March 2nd. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Evercore boosted their price objective on shares of PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $169.00.

PepsiCo Stock Down 0.5%

Shares of NASDAQ:PEP opened at $152.74 on Friday. 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 market cap of $208.74 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 2.94 and a beta of 0.39. The stock’s 50-day moving average price is $158.02 and its two-hundred day moving average price is $149.89. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48.

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

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

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s payout ratio is currently 94.83%.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Piper Sandler reiterated an Overweight thesis and raised its price target, citing pricing power and innovation tailwinds — an analyst vote of confidence that can support the stock. Piper Sandler Stays Bullish on PepsiCo (PEP), Cites Pricing and Innovation Tailwinds
• Positive Sentiment: PepsiCo announced it met 2025 pep+ water goals — 100% water replenishment and adoption of the AWS standard at company sites in high‑risk areas — strengthening its ESG credentials and reducing regulatory/operational risk. PepsiCo Hits Dual Water Milestones
• Positive Sentiment: New product expansion: PepsiCo Foods is entering a new snack category, which could drive incremental revenue and demonstrate continued innovation in higher-margin snacking. PepsiCo Foods Is Entering an All-New Snack Category With Its Latest Launch
• Positive Sentiment: Partnerships to extend out‑of‑home reach: PepsiCo was named official beverage partner for Venu’s Sunset Amphitheater portfolio, opening experiential and venue sales channels after the NBA sponsorship loss. PepsiCo Named Official Beverage Partner of VENU’s Premium Sunset Amphitheater Portfolio
• Neutral Sentiment: R&D focus on functional ingredients and protein reformulation highlights long‑term product innovation but is a longer‑horizon growth driver rather than an immediate earnings catalyst. ‘Not all proteins are created equal’: Inside PepsiCo’s approach to functional ingredients
• Neutral Sentiment: PepsiCo India rolled out an EV green corridor to cut supply‑chain emissions—positive for cost and ESG over time but not a near‑term earnings driver. PepsiCo India expands green logistics with Kosi-Pataudi EV corridor
• Negative Sentiment: Brand/sponsorship setback: Coca‑Cola’s Sprite reclaimed the NBA soft‑drink sponsorship from PepsiCo’s Starry, a visible marketing loss that may concern investors about competitive positioning in key sports marketing channels. Coke’s Sprite Takes Back NBA Sponsorship From PepsiCo’s Starry
• Negative Sentiment: Activist-driven overhaul and governance risks: coverage highlights Elliott’s influence, portfolio cuts, cost‑reduction moves and an antitrust-related fiduciary probe — short‑term uncertainty and potential execution risk that can pressure the stock. How Elliott-Driven Overhaul and Health Push Could Reshape PepsiCo’s (PEP) Long-Term Investment Story

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.