Calamos Advisors LLC Cuts Stock Holdings in PepsiCo, Inc. $PEP

Calamos Advisors LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 190,194 shares of the company's stock after selling 7,714 shares during the quarter. Calamos Advisors LLC's holdings in PepsiCo were worth $27,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in PepsiCo by 1.8% in the third quarter. State Street Corp now owns 59,499,819 shares of the company's stock worth $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Invesco Ltd. boosted its holdings in PepsiCo by 7.6% in the third quarter. Invesco Ltd. now owns 13,617,747 shares of the company's stock worth $1,912,476,000 after purchasing an additional 958,701 shares during the last quarter. Legal & General Group Plc boosted its holdings in 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. Amundi boosted its holdings in 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 purchasing an additional 1,995,362 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in PepsiCo by 2.0% in the third quarter. Fisher Asset Management LLC now owns 8,112,038 shares of the company's stock worth $1,139,255,000 after purchasing an additional 155,636 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $172.00 to $178.00 and gave the stock an "overweight" rating in a report on Friday, April 17th. BNP Paribas Exane raised their target price on shares of PepsiCo from $191.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $169.00 to $173.00 and gave the stock a "buy" rating in a report on Friday, April 17th. HSBC raised their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a "hold" rating in a report on Friday, April 17th. Finally, Barclays lifted 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. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $170.26.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a partnership with Google Cloud to accelerate AI across its supply chain, which could improve forecasting, reduce costs and support margins over time. PepsiCo partners with Google Cloud to boost AI supply chain
• Positive Sentiment: Management delivered a Q1 beat and is expanding Gatorade beyond traditional sports marketing — an earnings upside plus brand extension that supports near-term revenue and longer-term growth in the sports/functional beverage category. PepsiCo expands Gatorade beyond sports as Q1 earnings beat
• Positive Sentiment: PepsiCo broadened its Quaker snack lineup with Protein Rice Crisps, supporting the company’s shift into higher-growth, health-forward food SKUs that can offset soda volume pressure. PepsiCo expands Quaker portfolio with Protein Rice Crisps
• Positive Sentiment: Media pieces and screeners are flagging PEP as a defensive, “safe” stock amid geopolitical uncertainty — investor sentiment that can support multiples in volatile markets as Pepsi leans into health-focused brands and innovation. PepsiCo Inc. (PEP): Fortress for Capital Preservation Amid Geopolitical Instability
• Positive Sentiment: High-visibility promotion: Gatorade launched a global football campaign (“Is It In You?”) tied to elite athletes — a marketing push that can drive awareness and seasonal volume. GATORADE ASSERTS THERE ARE NO SHORTCUTS TO GREATNESS IN NEW 'IS IT IN YOU?' GLOBAL FOOTBALL CAMPAIGN
• Positive Sentiment: Celebrity/influencer attention: Jim Cramer highlighted a potentially strong upcoming Pepsi product, which can boost retail interest and short-term sentiment. Jim Cramer Reveals Potentially Hot Upcoming Pepsi Product
• Neutral Sentiment: Coverage comparing Coca‑Cola and PepsiCo reinforces the different growth profiles (Coke’s Zero Sugar momentum vs. PepsiCo’s international/foods mix) — useful for portfolio allocation but not an immediate catalyst. Got 5,000? Coca-Cola vs. PepsiCo – One Has Quietly Outperformed for a Decade
• Neutral Sentiment: Inclusion on “bear-market” and beginner-safe stock lists highlights defensive appeal; supports demand in risk-off environments but is not a near-term earnings driver. 5 Best Bear Market Stocks to Invest In Right Now
• Negative Sentiment: Analysis suggests PepsiCo’s conservative accounting may mask softer underlying results — a potential concern for investors parsing quality of earnings and near-term profit sustainability. PepsiCo's NASDAQ: PEP Conservative Accounting Might Explain Soft Earnings

PepsiCo Trading Down 0.2%

Shares of PepsiCo stock opened at $155.44 on Friday. The company's fifty day simple moving average is $158.61 and its 200-day simple moving average is $152.06. The stock has a market capitalization of $212.45 billion, a PE ratio of 24.40, a P/E/G ratio of 2.85 and a beta of 0.40. 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.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for 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 company's revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, March 6th. PepsiCo's dividend payout ratio (DPR) is presently 89.32%.

PepsiCo announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 4.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors 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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