PepsiCo, Inc. $PEP Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 168,369 shares of the company’s stock after selling 25,384 shares during the period. Wilmington Savings Fund Society FSB’s holdings in PepsiCo were worth $23,646,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JCIC Asset Management Inc. purchased a new position in PepsiCo during the third quarter worth approximately $27,000. Evolution Wealth Management Inc. purchased a new stake in PepsiCo in the 2nd quarter worth $27,000. Imprint Wealth LLC acquired a new position in PepsiCo during the third quarter worth $31,000. Vermillion & White Wealth Management Group LLC lifted its holdings in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Finally, Halbert Hargrove Global Advisors LLC grew its position in shares of PepsiCo by 667.7% in the third 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. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.8%

Shares of NASDAQ PEP opened at $156.50 on Wednesday. The stock has a market cap of $213.88 billion, a PE ratio of 26.08, a P/E/G ratio of 3.02 and a beta of 0.39. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a 50-day moving average of $157.42 and a 200 day moving average of $149.84.

PepsiCo (NASDAQ:PEP) last released 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 business 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 business’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be paid a dividend of $1.4225 per share. 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 94.83%.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Piper Sandler raised its price target on PepsiCo to $181 (from $172) and kept an Overweight rating, citing pricing power and innovation tailwinds — a clear analyst endorsement that can support the stock. Piper Sandler Stays Bullish
• Positive Sentiment: PepsiCo reached a settlement with activist Elliott Management and is executing an overhaul (cost cuts, ~20% portfolio pruning, supply-chain changes, leadership moves). Activist-driven operational changes often boost investor expectations for margin improvement and shareholder returns. Elliott-Driven Overhaul
• Positive Sentiment: Product expansion: PepsiCo launched “Good Warrior” protein-packed meat sticks, entering a fast-growing snacking category that could expand margins and diversify growth beyond beverages. Good Warrior Launch
• Neutral Sentiment: PepsiCo set the date to release Q1 2026 results on April 16 — a catalyst date for fresh guidance and performance details that could move the stock. Q1 Results Date
• Neutral Sentiment: Comparative analyst/features pieces (e.g., Coca‑Cola vs. PepsiCo) highlight PepsiCo’s faster dividend growth and larger revenue base but note efficiency advantages for Coke — useful framing but not an immediate price driver. Coca‑Cola vs PepsiCo Analysis
• Neutral Sentiment: Legislative note: A proposed bill to extend full SNAP to Puerto Rico (S.3958) could modestly affect beverage/snack demand there over long timeframes — worth monitoring but not immediate. Puerto Rico SNAP Bill
• Negative Sentiment: PepsiCo lost the NBA soft‑drink sponsorship to Coca‑Cola’s Sprite (Starry replaced), a visible branding setback in a key marketing channel that could dent promotional reach and investor sentiment. Sprite NBA Sponsorship
• Negative Sentiment: Shareholder litigation risk: Lowey Dannenberg launched an investigation into potential fiduciary breaches by PepsiCo’s board related to past pricing/antitrust claims — legal and governance risks can weigh on valuation until resolved. Shareholder Investigation

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Piper Sandler upped their price target on shares of PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. HSBC boosted their price objective on PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. UBS Group restated a “buy” rating and issued a $190.00 target price on shares of PepsiCo in a research report on Wednesday, February 4th. Finally, Jefferies Financial Group lifted their price target on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a research note on Tuesday, December 9th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.