Mackenzie Financial Corp Sells 106,366 Shares of PepsiCo, Inc. $PEP

Mackenzie Financial Corp lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.3% during the third quarter, Holdings Channel reports. The firm owned 931,338 shares of the company’s stock after selling 106,366 shares during the period. Mackenzie Financial Corp’s holdings in PepsiCo were worth $130,797,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new position in PepsiCo in the second quarter valued at $27,000. JCIC Asset Management Inc. acquired a new stake in PepsiCo during the 3rd quarter worth about $27,000. Vermillion & White Wealth Management Group LLC raised its position in shares of PepsiCo by 107.1% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares during the period. Finally, Manning & Napier Advisors LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at about $37,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.4%

Shares of PepsiCo stock opened at $160.15 on Thursday. The stock has a market capitalization of $218.87 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.39. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The stock has a 50 day moving average price of $156.05 and a two-hundred day moving average price of $149.53. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.02. The company had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.96 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.6%. PepsiCo’s payout ratio is currently 94.83%.

PepsiCo announced that its Board of Directors has approved a stock repurchase program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently commented on PEP. Morgan Stanley raised their target price on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. TD Cowen increased their price target on PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a report on Friday, February 20th. Royal Bank Of Canada lifted their price objective on shares of PepsiCo from $156.00 to $165.00 and gave the company a “sector perform” rating in a research note on Monday, March 2nd. Jefferies Financial Group boosted their target price on shares of PepsiCo from $163.00 to $164.00 and gave the company a “hold” rating in a research report on Tuesday, December 9th. Finally, Wells Fargo & Company raised their price target on shares of PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 4th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.50.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst upgrade and guidance lift: One Seeking Alpha note upgraded PEP to a Buy after Q4 results (5.6% revenue growth) and management’s 2026 guide calling for 2–4% organic revenue and 4–6% EPS growth — a sign the tariff and margin headwinds are receding and should support upside. PepsiCo: Headwinds Are Finally Retreating (Rating Upgrade)
• Positive Sentiment: Valuation argument for upside: Another Seeking Alpha piece reiterates a Buy, noting PEP trades under ~20x forward earnings and derives a ~$175 price target (~10% above recent levels) — supporting further gains if execution continues. PepsiCo: Shares Pop In Early 2026, Valuation Is Still Appealing
• Positive Sentiment: Short interest has meaningfully declined, removing some downside pressure — short interest fell ~29.7% in February to ~20.8M shares (≈1.5% of float; ~3.1 days to cover), which reduces the risk of a short‑squeeze driven volatility spike to the downside.
• Neutral Sentiment: Options‑income idea: A Seeking Alpha piece pitches selling options on PEP for >10% yield as a tactical income trade — useful for yield‑seeking investors but it reflects trading strategies rather than fundamentals. Sell Options On PepsiCo For A 10%+ Yield
• Neutral Sentiment: Analyst fair‑value tweaks: Coverage notes the firm’s fair value estimate nudged to ~$170.8 and that analyst views are mixed — incremental changes, not a consensus rerating. How PepsiCo (PEP) Narrative Is Evolving Around 2026 Turnaround Goals And Fair Value
• Neutral Sentiment: Brand/marketing item: PepsiCo opened its first Lay’s‑branded restaurant in Spain — a small‑scale brand experiment that supports innovation but is unlikely to move near‑term revenue materially. PepsiCo opens first Lay’s-branded restaurant in Spain
• Negative Sentiment: Peer outperformance: Coca‑Cola (KO) has rallied sharply (~12.5% month) on durable pricing power and investor preference for beverage exposure, which can divert rotational flows away from PEP and pressure relative performance. Coca-Cola Stock Rises 12.5% in a Month: Buy the Rally or Wait?

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.