Northeast Investment Management Sells 3,339 Shares of PepsiCo, Inc. $PEP

Northeast Investment Management trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,939 shares of the company’s stock after selling 3,339 shares during the quarter. Northeast Investment Management’s holdings in PepsiCo were worth $8,746,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. bought a new position in PepsiCo during the third quarter worth $27,000. MH & Associates Securities Management Corp ADV bought a new position in PepsiCo during the fourth quarter worth $29,000. Imprint Wealth LLC bought a new position in PepsiCo during the third quarter worth $31,000. Strategic Advocates LLC acquired a new stake in shares of PepsiCo during the third quarter worth $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $33,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 1.6%

Shares of NASDAQ PEP opened at $151.85 on Wednesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The stock has a market capitalization of $207.54 billion, a P/E ratio of 23.84, a PEG ratio of 2.74 and a beta of 0.38. The stock’s fifty day moving average is $156.24 and its 200 day moving average is $152.47.

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

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is 89.32%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PEP shares. Morgan Stanley lifted their target price on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. The Goldman Sachs Group lifted their target price on PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Argus raised PepsiCo to a “hold” rating in a report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Citigroup lifted their target price on PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Eight equities research 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $170.37.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Rothschild & Co Redburn raised its price target on PepsiCo, signaling a more constructive outlook on the stock even though the new target still implies downside from current levels. Rothschild & Co Redburn adjusts price target on PepsiCo to 132 from 130
• Positive Sentiment: Analysts highlighted early turnaround signs in PepsiCo Foods North America, with snack volumes improving and healthier product offerings potentially supporting 2026 growth. Will PepsiCo Foods North America Drive a 2026 Turnaround?
• Positive Sentiment: Elliott Investment Management reportedly built a roughly $4 billion stake in PepsiCo, increasing pressure for operational improvements and margin expansion in North American snacks and beverages. Elliott’s US$4b PepsiCo Stake Puts North American Margins In Focus
• Neutral Sentiment: PepsiCo is expanding sustainability and local production initiatives, including decarbonizing farming and boosting manufacturing in the Middle East, which may help the long-term story but is unlikely to move the stock immediately. PepsiCo and Fertiberia working to decarbonise potato and corn farming across 400000 acres in Europe
• Negative Sentiment: Some market commentary continues to focus on margin pressure and the need for a turnaround, while the updated analyst target still sits below where the stock has been trading, which can temper enthusiasm. Rothschild & Co Redburn Issues Positive Forecast for PepsiCo

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.