Allworth Financial LP Acquires 39,669 Shares of PepsiCo, Inc. $PEP

Key Points

• Allworth Financial LP boosted its PepsiCo stake by 49.3% in the fourth quarter, buying 39,669 additional shares and bringing its total holdings to 120,085 shares worth about $17.2 million.
• PepsiCo continues to attract heavy institutional interest, with major holders like Vanguard, State Street, and Invesco also increasing positions; overall, 73.07% of the stock is owned by institutional investors.
• The company recently beat quarterly expectations, raised its dividend to $1.48 per share, and has a $10 billion share repurchase program underway, reinforcing its appeal as a defensive consumer staples stock.

Allworth Financial LP increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 49.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,085 shares of the company's stock after purchasing an additional 39,669 shares during the period. Allworth Financial LP's holdings in PepsiCo were worth $17,235,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in PepsiCo by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company's stock valued at $19,875,205,000 after acquiring an additional 1,612,652 shares during the last quarter. State Street Corp boosted its holdings in shares of PepsiCo by 1.8% during the 3rd quarter. State Street Corp now owns 59,499,819 shares of the company's stock valued at $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Invesco Ltd. grew its position in shares of PepsiCo by 7.6% during the third quarter. Invesco Ltd. now owns 13,617,747 shares of the company's stock valued at $1,912,476,000 after purchasing an additional 958,701 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of PepsiCo by 1.3% in the third quarter. Legal & General Group Plc now owns 8,902,664 shares of the company's stock worth $1,250,290,000 after purchasing an additional 118,286 shares during the last quarter. Finally, Amundi lifted its position in shares of PepsiCo by 30.0% in the third quarter. Amundi now owns 8,641,588 shares of the company's stock worth $1,207,230,000 after buying an additional 1,995,362 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Wall Street-focused coverage highlighted PepsiCo as one of the better stocks to own in falling markets, reinforcing its reputation as a defensive consumer staples name that can attract buyers during risk-off trading. Here’s Why Pepsi (PEP) is Among the 10 Best Stocks to Buy in Falling Markets According to Wall Street Analysts
• Positive Sentiment: PepsiCo announced a new collaboration with TalusAg to advance fertilizer decarbonization across its agricultural supply chain, which could support its ESG profile and appeal to sustainability-minded investors. PepsiCo’s Fertilizer Decarbonization Push And What It Means For Investors
• Neutral Sentiment: Separate coverage also noted PepsiCo’s sustainability push and public climate-action messaging, but this appears more like a long-term brand and operations story than an immediate stock catalyst. PepsiCo’s Fertilizer Decarbonization Push And What It Means For Investors
• Neutral Sentiment: New federal legislation on recycled-material claims could affect how PepsiCo markets packaging and sustainability claims, but the bill is still proposed and its financial impact is uncertain. New Bill: Representative Nicholas A. Langworthy introduces H.R. 7502: Recycled Materials Attribution Act of 2026

Analyst Ratings Changes

Several equities analysts have weighed in on the company. HSBC raised their price target on PepsiCo from $175.00 to $176.00 and gave the company a "hold" rating in a report on Friday, April 17th. Barclays boosted their price target on shares of PepsiCo from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $165.00 to $163.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 9th. Evercore increased their price target on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $172.00 to $178.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $170.37.

PepsiCo Stock Performance

PepsiCo stock opened at $148.67 on Friday. 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 market capitalization of $203.20 billion, a P/E ratio of 23.34, a price-to-earnings-growth ratio of 2.74 and a beta of 0.38. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The company's 50-day moving average is $155.55 and its 200 day moving average is $152.44.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.48 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from PepsiCo's previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo's dividend payout ratio is 89.32%.

PepsiCo declared that its Board of Directors has initiated a stock repurchase program on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its shares are undervalued.

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.

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