AEGON ASSET MANAGEMENT UK Plc Boosts Position in PepsiCo, Inc. $PEP

Key Points

• AEGON Asset Management UK raised its PepsiCo stake by 9.1% in the first quarter, buying 44,667 more shares and bringing its total to 536,542 shares worth about $83.4 million.
• PepsiCo reported solid quarterly results, with EPS of $1.61 beating estimates and revenue of $19.44 billion topping forecasts; revenue also rose 8.5% year over year.
• The company boosted its quarterly dividend to $1.48 per share, implying a 4.2% yield, while analysts currently have a mixed view with an overall Hold rating and an average price target of $167.10.

AEGON ASSET MANAGEMENT UK Plc increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 536,542 shares of the company's stock after acquiring an additional 44,667 shares during the quarter. PepsiCo comprises approximately 1.1% of AEGON ASSET MANAGEMENT UK Plc's portfolio, making the stock its 21st biggest position. AEGON ASSET MANAGEMENT UK Plc's holdings in PepsiCo were worth $83,419,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. BlueSky Wealth Advisors LLC purchased a new position in PepsiCo during the 1st quarter valued at $251,000. E. Ohman J or Asset Management AB lifted its position in shares of PepsiCo by 0.7% in the 1st quarter. E. Ohman J or Asset Management AB now owns 36,302 shares of the company's stock worth $5,637,000 after purchasing an additional 250 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of PepsiCo by 12.8% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 350,659 shares of the company's stock worth $54,454,000 after purchasing an additional 39,727 shares during the period. McClarren Financial Advisors Inc. boosted its stake in shares of PepsiCo by 340.1% during the 1st quarter. McClarren Financial Advisors Inc. now owns 2,438 shares of the company's stock valued at $379,000 after purchasing an additional 1,884 shares in the last quarter. Finally, Lexington Hill Partners LLC increased its position in shares of PepsiCo by 9.5% during the first quarter. Lexington Hill Partners LLC now owns 3,203 shares of the company's stock valued at $497,000 after buying an additional 279 shares during the period. 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: PepsiCo’s management is being spotlighted for using AI and digital tools to improve operations, strengthen food-system resilience, and support a broader global transformation strategy, which could bolster long-term efficiency and growth. Building a Lighthouse Company: Athina Kanioura on Leading PepsiCo’s Global Transformation
• Positive Sentiment: PepsiCo is also being discussed as a beneficiary of AI adoption across food and beverage companies, which may support productivity and growth initiatives over time. PepsiCo, Danone & Nestlé: how AI is powering F&B growth
• Positive Sentiment: A new Doritos Loaded commercial featuring Gordon Ramsay and Formula 1 driver George Russell underscores PepsiCo’s willingness to spend on high-profile marketing to support snack brand visibility and demand. PepsiCo: Doritos Loaded Unveils High-Octane Commercial Starring Chef Gordon Ramsay And Mercedes-AMG Petronas F1 Driver George Russell
• Neutral Sentiment: Several recent commentary pieces focus on PepsiCo’s valuation and dividend appeal, with one suggesting the shares may trade below fair value while another argues for caution and calls the stock a possible sell, leaving investor sentiment mixed. PepsiCo (PEP) Stock Could Be 46.9% Below Fair Value as Views Split
• Neutral Sentiment: PepsiCo remains a frequent feature in dividend-investing discussions, reinforcing its reputation as a defensive income stock rather than signaling a new catalyst. PepsiCo: Scoop Up This Dividend Growth Legend Now
• Negative Sentiment: Bearish market commentary argues PepsiCo has lagged the broader market since late 2025, which may weigh on sentiment if investors continue to favor faster-growing alternatives. 3 Reasons to Sell PEP and 1 Stock to Buy Instead

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PEP shares. Barclays increased their price target on shares of PepsiCo from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research note on Monday, April 20th. TD Cowen reduced their target price on PepsiCo from $165.00 to $150.00 and set a "hold" rating on the stock in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft decreased their target price on PepsiCo from $173.00 to $168.00 and set a "buy" rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised their target price on PepsiCo from $172.00 to $178.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. Finally, Rothschild & Co Redburn lifted their price target on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $167.10.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $142.02 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The firm has a 50-day moving average of $149.90 and a 200 day moving average of $152.24. The stock has a market cap of $194.11 billion, a P/E ratio of 22.30, a price-to-earnings-growth ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion for the quarter, compared to analysts' expectations of $18.89 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The business's revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

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 paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo's previous quarterly dividend of $1.42. PepsiCo's dividend payout ratio (DPR) is currently 92.94%.

PepsiCo 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.

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