PepsiCo, Inc. $PEP Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.0% in the third quarter, Holdings Channel reports. The firm owned 483,256 shares of the company’s stock after acquiring an additional 18,595 shares during the period. State of New Jersey Common Pension Fund D’s holdings in PepsiCo were worth $67,868,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock valued at $18,081,034,000 after acquiring an additional 1,761,785 shares during the period. State Street Corp increased its holdings in PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after purchasing an additional 920,045 shares in the last quarter. Geode Capital Management LLC raised its position in PepsiCo by 0.3% in the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after purchasing an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after buying an additional 2,556,163 shares during the period. Finally, Norges Bank purchased a new stake in shares of PepsiCo during the 2nd quarter valued at about $2,330,594,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.8%

NASDAQ:PEP opened at $165.94 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The company has a market capitalization of $226.78 billion, a price-to-earnings ratio of 27.66, a price-to-earnings-growth ratio of 3.16 and a beta of 0.40. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The stock has a 50-day simple moving average of $149.61 and a 200 day simple moving average of $147.12.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.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 firm posted $1.96 earnings per share. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo declared that its Board of Directors has initiated a share buyback program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy 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 stock is undervalued.

PepsiCo Dividend Announcement

The firm 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 annualized dividend and a yield of 3.4%. PepsiCo’s payout ratio is presently 94.83%.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Barclays raised its price target to $160 after PepsiCo’s earnings (keeps an Equal Weight rating), reflecting model updates post‑report and supporting near‑term valuation. PepsiCo, Inc. (PEP) Price Target Increased to $160 at Barclays Post-Earnings Update
• Positive Sentiment: Analysts and pieces highlighting PepsiCo’s earnings quality and stability are bolstering investor comfort after the quarter — small EPS and revenue beats reinforce the company’s predictable cash generation. Investors Can Find Comfort In PepsiCo’s (NASDAQ:PEP) Earnings Quality
• Positive Sentiment: Momentum: PEP has rallied (~18–19% in 2026 according to coverage) on the earnings beat, brand strength and cross‑category momentum, which supports continued investor interest. PepsiCo Up 18% in a Month: Smart Entry Point or Wait for a Pullback?
• Positive Sentiment: Dividend narrative: coverage noting a peak dividend yield thesis and the stock’s income appeal is likely attracting yield‑focused buyers and long‑term holders. I Predicted That PepsiCo’s Dividend Yield Peaked at 4.4% Because the Dividend King Stock Was Too Cheap to Ignore. Here’s Why Pepsi Is Already Up 19% in 2026 and Could Still Be …
• Positive Sentiment: Product/brand move: PepsiCo is rebranding its Sunbites snack to emphasize fibre — a health positioning that can boost shelf relevance in growth categories. PepsiCo rebrands Sunbites to champion fibre content
• Neutral Sentiment: Some analysts remain cautious: a Seeking Alpha piece sees solid momentum into 2026 but still rates PEP a Hold, signaling mixed conviction among investors despite operational upside. PepsiCo: Solid Momentum Coming Into 2026, But I Still Rate It A Hold For Now
• Neutral Sentiment: Other analyst moves vary (one outlet shows a price‑target raise to $130), underscoring differing views on upside from here. PepsiCo (NASDAQ:PEP) Price Target Raised to $130.00
• Neutral Sentiment: Corporate/ESG: profile pieces about senior leaders expanding women’s careers in supply chain are positive for culture/ESG but unlikely to move near‑term stock performance. How a PepsiCo exec is paving careers for women in supply chains
• Neutral Sentiment: Sector flow: coverage of the Invesco Food & Beverage ETF (PBJ) notes the group’s resurgence; sector ETFs can amplify PEP moves but are a broader, non‑specific driver. After Stalling Out, PBJ May Be Finally Be Ready To Deliver For Investors
• Negative Sentiment: Debt issuance: PepsiCo launched a €2.5 billion euro‑denominated senior notes offering (multiple tranches), which increases gross debt and could weigh on leverage metrics that investors monitor. PepsiCo Issues €2.5 Billion Euro-Denominated Senior Notes

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. BNP Paribas Exane set a $191.00 price objective on shares of PepsiCo in a research report on Wednesday, February 4th. HSBC lifted their price target on shares of PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Friday, January 9th. Barclays lifted 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. Finally, Rothschild & Co Redburn boosted their price target on PepsiCo from $120.00 to $130.00 and gave the stock a “sell” rating in a research note on Tuesday, February 10th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average price target of $167.68.

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.