MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 93,918 Shares of PepsiCo, Inc. $PEP

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 9.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 892,730 shares of the company’s stock after selling 93,918 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in PepsiCo were worth $125,374,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Three Bridge Wealth Advisors LLC boosted its position in PepsiCo by 1.8% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock valued at $544,000 after buying an additional 68 shares during the period. Facet Wealth Inc. increased its position in shares of PepsiCo by 3.2% during the third quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after acquiring an additional 69 shares during the period. Hudock Inc. raised its stake in shares of PepsiCo by 1.0% during the third quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after acquiring an additional 70 shares in the last quarter. Delta Asset Management LLC TN grew its stake in PepsiCo by 0.6% in the third quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock worth $1,545,000 after purchasing an additional 70 shares in the last quarter. Finally, Westside Investment Management Inc. grew its stake in PepsiCo by 2.8% in the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock worth $366,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Settlement with activist Elliott Management that outlines cost savings, portfolio pruning and potential leadership changes — a catalyst for faster margin improvement and clearer strategic focus. PepsiCo Activist Deal And Good Warrior Launch Refocus Growth Priorities
• Positive Sentiment: Launch of Good Warrior meat snacks (protein-packed beef sticks) expands PepsiCo into a fast-growing, higher-margin protein/snack category — supports growth and portfolio diversification. PepsiCo Enters Booming Meat Stick Space With Good Warrior
• Neutral Sentiment: Research/market coverage noting the stock pulled back amid a broader market uptick — frames today’s move as partly market-driven rather than company-specific. PepsiCo (PEP) Stock Falls Amid Market Uptick: What Investors Need to Know
• Neutral Sentiment: Company is highlighting AI/agentic tools in an industry keynote — potential medium/long-term productivity and customer-experience benefits but not an immediate earnings driver. PepsiCo AI Keynote Links Agentic Tools To Valuation And Risk Views
• Neutral Sentiment: Limited-release flavor and new marketing campaigns (including regional celeb hires) generate brand buzz but are unlikely to move near-term fundamentals materially. Special new Pepsi flavor is out but you can’t get it in stores
• Negative Sentiment: Shareholder law firm Lowey Dannenberg launched an investigation into potential fiduciary breaches tied to prior antitrust-related litigation and pricing practices — introduces legal and governance risk that could pressure sentiment. SHAREHOLDER ALERT: Lowey Dannenberg is Investigating PepsiCo Inc. (NASDAQ: PEP)

PepsiCo Stock Down 1.4%

PEP stock opened at $157.72 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The company has a market capitalization of $215.55 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 3.07 and a beta of 0.39. The firm’s fifty day simple moving average is $157.07 and its 200-day simple moving average is $149.78.

PepsiCo (NASDAQ:PEP) last released its quarterly 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. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. During the same quarter in the prior year, the firm posted $1.96 EPS. PepsiCo’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

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

PepsiCo Announces Dividend

The company also recently announced 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 dividend on an annualized basis and a yield of 3.6%. PepsiCo’s payout ratio is presently 94.83%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. UBS Group reiterated a “buy” rating and set a $190.00 target price on shares of PepsiCo in a report on Wednesday, February 4th. Morgan Stanley boosted their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. JPMorgan Chase & Co. increased their price objective on shares of PepsiCo from $164.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Citigroup boosted their price objective on shares of PepsiCo from $170.00 to $182.00 and gave the stock a “buy” rating in a research note on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $169.00.

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.