DAVENPORT & Co LLC Sells 37,151 Shares of PepsiCo, Inc. $PEP

DAVENPORT & Co LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 547,895 shares of the company’s stock after selling 37,151 shares during the quarter. DAVENPORT & Co LLC’s holdings in PepsiCo were worth $78,710,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in PEP. Pensionfund Sabic purchased a new position in shares of PepsiCo in the fourth quarter valued at about $2,311,000. Perennial Advisors LLC boosted its holdings in shares of PepsiCo by 7.6% during the fourth quarter. Perennial Advisors LLC now owns 4,269 shares of the company’s stock worth $613,000 after purchasing an additional 300 shares during the period. Farrell Financial LLC grew its stake in shares of PepsiCo by 13.2% in the fourth quarter. Farrell Financial LLC now owns 1,716 shares of the company’s stock worth $246,000 after purchasing an additional 200 shares during the last quarter. Quantum Financial Advisors LLC increased its holdings in PepsiCo by 29.6% during the 4th quarter. Quantum Financial Advisors LLC now owns 4,618 shares of the company’s stock valued at $663,000 after purchasing an additional 1,055 shares during the period. Finally, JGP Wealth Management LLC raised its position in PepsiCo by 4.9% during the 4th quarter. JGP Wealth Management LLC now owns 39,654 shares of the company’s stock valued at $5,691,000 after purchasing an additional 1,855 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP opened at $150.59 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The stock has a market cap of $205.80 billion, a P/E ratio of 25.10, a P/E/G ratio of 2.89 and a beta of 0.39. The business’s 50 day moving average price is $158.55 and its 200-day moving average price is $149.96. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48.

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

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s payout ratio is currently 94.83%.

PepsiCo announced that its board has authorized a share repurchase plan on Tuesday, February 3rd that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PEP shares. Argus upgraded PepsiCo to a “hold” rating in a report on Tuesday, February 17th. Rothschild & Co Redburn upped their target price on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a report on Tuesday, February 10th. TD Cowen raised their price target on PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a research note on Friday, February 20th. UBS Group reissued a “buy” rating and set a $190.00 price objective on shares of PepsiCo in a research report on Wednesday, February 4th. Finally, Piper Sandler upped their price objective on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $169.00.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is expanding AI across its China operations (farming, manufacturing, distribution), a move investors view as a potential efficiency and margin tailwind; the announcement helped lift the stock in premarket trading. PepsiCo (PEP) Stock Gains 1.8% on China AI Expansion Announcement
• Positive Sentiment: The company is using commodity hedges to mitigate geopolitical and input-cost volatility, which should help protect margins if costs spike. PepsiCo mitigates geopolitical pressures by hedging commodities
• Positive Sentiment: New product innovation (e.g., the protein Doritos rollout) supports growth/brand momentum in snacking, a strategic positive for long-term category share. How PepsiCo designed its new protein Doritos to look and taste like the real thing
• Neutral Sentiment: Multiple short-interest data entries show a reported jump but list “0 shares” and NaN changes — appears to be erroneous or a data-feed issue, so this is unlikely to meaningfully affect the stock today.
• Neutral Sentiment: PepsiCo Foundation / community engagement programs (SUNY Westchester) are positive PR but are unlikely to move the stock materially near term. SUNY Westchester Community College and the PepsiCo Foundation Highlight Student Pathways to Career Success
• Negative Sentiment: Sector pressure: Coca‑Cola commentary about 2026 margin pressure and pricing normalization raises concerns that beverage peers, including PepsiCo, may face similar headwinds on pricing and volume recovery. Coca-Cola Faces Margin Pressure: Can Pricing Power Hold?
• Negative Sentiment: Consumer backlash risk: reports that PepsiCo Foods may discontinue >20 snack SKUs have sparked negative online reaction; if true, product cuts or supply moves could create short-term brand/headline risk. Major food company might discontinue over 20 snacks: ‘Gonna start a war’

About PepsiCo

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.