Bank of New York Mellon Corp Lowers Position in PepsiCo, Inc. $PEP

Bank of New York Mellon Corp trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,433,964 shares of the company’s stock after selling 1,596,854 shares during the period. Bank of New York Mellon Corp’s holdings in PepsiCo were worth $1,641,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Captrust Financial Advisors boosted its position in PepsiCo by 3.6% during the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock valued at $77,916,000 after acquiring an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd raised its position in shares of PepsiCo by 11.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after acquiring an additional 42,335 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. lifted its stake in shares of PepsiCo by 622.3% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after purchasing an additional 30,674 shares during the last quarter. Allstate Corp boosted its position in PepsiCo by 108.1% during the fourth quarter. Allstate Corp now owns 104,723 shares of the company’s stock valued at $15,030,000 after purchasing an additional 54,405 shares in the last quarter. Finally, NEOS Investment Management LLC grew its stake in PepsiCo by 65.8% in the third quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock valued at $81,049,000 after purchasing an additional 229,121 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $142.00 on Wednesday. The company has a market cap of $194.08 billion, a P/E ratio of 22.29, a price-to-earnings-growth ratio of 2.56 and a beta of 0.35. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The firm’s 50-day moving average price is $152.90 and its 200-day moving average price is $152.64. 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 results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

PepsiCo Increases Dividend

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

Analyst Ratings Changes

Several research firms have commented on PEP. Piper Sandler increased their price target on shares of PepsiCo from $172.00 to $181.00 and gave the company an “overweight” rating in a research report on Thursday, March 12th. Evercore boosted their price objective on shares of PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Rothschild & Co Redburn increased their target price on shares of PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Wall Street Zen downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Finally, BNP Paribas Exane upped their price target on PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $170.11.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is taking steps to keep products affordable without sacrificing innovation, which could help protect volumes as consumers remain budget-conscious. How PepsiCo Is Achieving Affordability
• Positive Sentiment: The company is rolling out new products such as premium energy drink brand Adrenaline Rush and protein popcorn, signaling efforts to drive growth beyond core snacks and beverages. PepsiCo launches premium energy drink brand ‘Adrenaline Rush’ PepsiCo debuts protein popcorn
• Positive Sentiment: Analysts and media coverage continue to highlight PepsiCo as a long-term dividend grower with strong cash flow, which supports its defensive investment appeal. PepsiCo and P&G are long-term dividend growers Why PepsiCo (PEP) Remains a Top Dividend King Despite Industry Challenges
• Neutral Sentiment: Recent commentary suggests PepsiCo’s brand restaging and turnaround plan are improving the outlook, but investors are still waiting to see whether those efforts translate into sustained organic sales growth. Can Brand Restaging Meaningfully Lift PepsiCo’s Organic Sales Outlook?
• Neutral Sentiment: Coverage questioning whether PEP can reach a new all-time high reflects uncertainty around the stock’s near-term momentum after a recent pullback. Will Pepsi Stock Hit a New All Time High in 2026?
• Negative Sentiment: PepsiCo has been underperforming lately, with shares well below recent moving averages, suggesting investors remain cautious about slower growth and consumer spending pressure. Is PepsiCo Stock Underperforming the Dow?

PepsiCo Company Profile

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.