PepsiCo, Inc. $PEP Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 833,148 shares of the company’s stock after selling 3,760 shares during the quarter. King Luther Capital Management Corp’s holdings in PepsiCo were worth $119,573,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in PEP. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo in the fourth quarter valued at about $29,000. Imprint Wealth LLC acquired a new stake in PepsiCo in the third quarter valued at about $31,000. Strategic Advocates LLC acquired a new stake in PepsiCo in the third quarter valued at about $33,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at about $33,000. Finally, Highline Wealth Partners LLC lifted its position in PepsiCo by 56.3% in the fourth quarter. Highline Wealth Partners LLC now owns 250 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $145.68 on Wednesday. The firm has a 50 day moving average of $153.72 and a 200-day moving average of $152.59. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The company has a market cap of $199.11 billion, a price-to-earnings ratio of 22.87, a PEG ratio of 2.73 and a beta of 0.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same period last year, the firm earned $1.48 EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo declared that its Board of Directors has initiated a stock buyback program on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is 92.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PEP shares. Piper Sandler raised their price objective on shares of PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. BNP Paribas Exane raised their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Finally, Wells Fargo & Company reduced their price objective on shares of PepsiCo from $165.00 to $160.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $170.11.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s innovation push in functional snacks, better-for-you drinks, and refreshed core brands could help reaccelerate growth in 2026 if execution improves. Can PepsiCo’s Innovation Push Reignite its Growth in 2026?
• Positive Sentiment: Industry commentary says PepsiCo has pricing power and brand strength to navigate tariff and cost pressures, which supports the long-term earnings outlook. Zacks Industry Outlook Highlights Coca-Cola, PepsiCo, Monster Beverage, Fomento Economico Mexicano and Vita Coco
• Neutral Sentiment: PepsiCo’s CPO comments about hiring agile, curious employees in the AI era point to a shift in talent strategy, but this is unlikely to move the stock much by itself. The use of AI in food NPD is changing
• Neutral Sentiment: Analysts have slightly trimmed PepsiCo’s fair value estimate while others raised targets, signaling a mixed but still broadly constructive outlook. How The PepsiCo (PEP) Story Is Shifting As Analysts Rework Targets And Assumptions
• Negative Sentiment: PepsiCo stock underperformed peers, reinforcing concerns that investors are rotating away from the name amid slower sentiment and competitive worries. PepsiCo Inc. stock underperforms Tuesday when compared to competitors
• Negative Sentiment: A new Walmart soda line adds another competitor in a market where younger consumers are increasingly buying functional beverages, which could pressure Pepsi’s share. New Walmart soda line takes on Coca-Cola and PepsiCo
• Negative Sentiment: Planned snack price increases could support margins, but they also highlight ongoing input-cost pressure and may risk demand softness if consumers trade down. Bloomberg Reports PepsiCo Preparing New Snack Price Increases for Late June

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.