Kennon Green & Company LLC Grows Stake in PepsiCo, Inc. $PEP

Posted by Amy Steele on Jun 4th, 2026

Kennon Green & Company LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 42.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,571 shares of the company’s stock after buying an additional 10,985 shares during the period. PepsiCo accounts for about 4.2% of Kennon Green & Company LLC’s investment portfolio, making the stock its 9th biggest holding. Kennon Green & Company LLC’s holdings in PepsiCo were worth $5,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. WCG Wealth Advisors LLC raised its holdings in shares of PepsiCo by 51.2% during the fourth quarter. WCG Wealth Advisors LLC now owns 24,266 shares of the company’s stock valued at $3,483,000 after buying an additional 8,220 shares during the last quarter. Nvest Financial LLC raised its holdings in shares of PepsiCo by 10.3% during the fourth quarter. Nvest Financial LLC now owns 2,120 shares of the company’s stock valued at $304,000 after buying an additional 198 shares during the last quarter. Phillips Wealth Planners LLC raised its holdings in shares of PepsiCo by 2.7% during the fourth quarter. Phillips Wealth Planners LLC now owns 3,177 shares of the company’s stock valued at $466,000 after buying an additional 85 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of PepsiCo by 25.7% during the fourth quarter. CIBC Asset Management Inc now owns 717,311 shares of the company’s stock valued at $102,948,000 after buying an additional 146,801 shares during the last quarter. Finally, Marble Wealth LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $448,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP opened at $142.54 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The firm has a market capitalization of $194.82 billion, a PE ratio of 22.38, a P/E/G ratio of 2.57 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company’s 50 day simple moving average is $152.57 and its 200 day simple moving average is $152.61.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 4.2%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio (DPR) is presently 89.32%.

Analyst Ratings Changes

A number of research firms have recently weighed in on PEP. Evercore lifted their price target on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Wells Fargo & Company cut their price target on PepsiCo from $165.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Morgan Stanley lifted their price target on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Citigroup raised their price objective on shares of PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Finally, HSBC raised their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $170.11.

Get Our Latest Stock Analysis on PEP

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo launched new products aimed at premium and growth categories, including the Adrenaline Rush energy drink and PopCorners Protein, which could help support volume and mix improvement. PepsiCo launches energy drink Adrenaline Rush, eyes mass-premium segment
Positive Sentiment: The company’s affordability and modernization messaging suggests it is adapting to weaker consumer spending by offering more value-oriented products and packaging, which may help protect market share. How PepsiCo Is Achieving Affordability
Positive Sentiment: Recent commentary highlighted PepsiCo’s dividend appeal and ongoing health-focused product push, which supports the stock’s defensive-income profile for investors. PepsiCo (PEP) Valuation Check After Earnings Beat Dividend Hike And Health Focused Product Push

About PepsiCo

(Free Report)

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.