Capricorn Fund Managers Ltd Sells 10,512 Shares of PepsiCo, Inc. $PEP

Key Points

• Capricorn Fund Managers Ltd trimmed its PepsiCo stake by 28.7%, selling 10,512 shares and leaving 26,166 shares valued at about $3.76 million at the end of the quarter.
• PepsiCo paid a quarterly dividend of $1.4225 (annualized $5.69, yield ~3.6%) and its board authorized a $10 billion buyback program to repurchase up to 4.7% of outstanding shares.
• PepsiCo beat Q4 estimates with $2.26 EPS vs. $2.24 expected and revenue of $29.34 billion (+5.6% YoY); analysts hold a consensus "Hold" rating with an average target of $169.

Capricorn Fund Managers Ltd trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,166 shares of the company's stock after selling 10,512 shares during the period. Capricorn Fund Managers Ltd's holdings in PepsiCo were worth $3,755,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Evolution Wealth Management Inc. acquired a new stake in PepsiCo during the 2nd quarter valued at $27,000. JCIC Asset Management Inc. acquired a new position in shares of PepsiCo in the third quarter valued at $27,000. Imprint Wealth LLC bought a new position in shares of PepsiCo in the third quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC lifted its stake in shares of PepsiCo by 667.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company's stock worth $33,000 after buying an additional 207 shares during the last quarter. Finally, Strategic Advocates LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth about $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP opened at $157.01 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The company has a market cap of $214.62 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 3.03 and a beta of 0.40. The company has a 50 day moving average of $159.91 and a 200-day moving average of $150.66. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.02. The firm had revenue of $29.34 billion during the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company's revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, March 6th. PepsiCo's dividend payout ratio (DPR) is currently 94.83%.

PepsiCo announced that its board has initiated a stock buyback program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PEP shares. TD Cowen raised their price objective on shares of PepsiCo from $162.00 to $165.00 and gave the stock a "hold" rating in a research report on Friday, February 20th. BNP Paribas Exane set a $191.00 target price on PepsiCo in a research report on Wednesday, February 4th. Argus raised PepsiCo to a "hold" rating in a report on Tuesday, February 17th. Evercore boosted their price target on PepsiCo from $152.00 to $165.00 in a research note on Wednesday, February 4th. Finally, UBS Group reiterated a "buy" rating and set a $190.00 price objective on shares of PepsiCo in a research report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $169.00.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: New product excitement: PepsiCo rolled out a highly anticipated soda flavor that has generated strong consumer buzz and social-media reaction, which can boost short-term retail demand and brand engagement. PepsiCo Just Dropped a Highly Anticipated Soda Flavor—and Fans Are 'Screaming' With Excitement
• Positive Sentiment: Brand refresh / marketing lift: PepsiCo began a Tostitos packaging and brand refresh — a low-capex way to refresh shelf appeal and support snack sales, especially ahead of seasonal demand. PepsiCo Begins Tostitos Brand Refresh, Introduces Updated Packaging
• Positive Sentiment: Income appeal remains intact: Coverage highlighting PepsiCo as one of three consistent dividend payers reinforces its defensive income profile for yield-seeking investors. That support can underwrite multiple expansions vs peers. 3 Consistent Dividend Payers Outperforming in 2026: VZ, PEP, MO
• Neutral Sentiment: Corporate reputation / leadership signal: A Fortune podcast feature highlighted PepsiCo as a "leadership factory" (ex-employee success stories), which supports long-term talent/operational strength but is more qualitative than immediately price-driving. 12 Fortune 500 CEOs worked for Pepsi. Delta’s Ed Bastian explains why it’s a leadership factory
• Neutral Sentiment: Emerging market commentary: A PepsiCo exec highlighted China’s dynamic consumer market — positive for growth narrative but not an immediate catalyst. PepsiCo executive highlights China's dynamic consumer market
• Neutral Sentiment: Regional bottler news: PepsiCo bottler Varun Beverages set a record date for its final dividend — relevant to regional franchise economics but indirect for PEP shares. PepsiCo bottler Varun Beverages final dividend: Record date announced
• Negative Sentiment: Analyst trim / industry pressure: Deutsche Bank cut its PepsiCo price target (from $176 to $169) and warned of mounting industry pressures — a reminder that margin and volume dynamics could limit upside and may weigh on sentiment despite a Buy rating. Deutsche Bank Sees Mounting Industry Pressures, Trims PepsiCo (PEP) Target

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.

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