Eldred Rock Partners LLC Has $12.85 Million Holdings in PepsiCo, Inc. $PEP

Key Points

• Eldred Rock Partners LLC increased its stake in PepsiCo by 18.6% in Q4 to 89,501 shares worth $12.845 million, representing about 3.3% of the firm's portfolio and its 14th largest holding.
• PepsiCo has authorized a $10 billion share buyback and recently paid a quarterly dividend of $1.4225 (annualized $5.69) for a ~3.6% yield$169 (8 Buys, 11 Holds, 1 Sell).

Eldred Rock Partners LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,501 shares of the company's stock after buying an additional 14,057 shares during the quarter. PepsiCo makes up about 3.3% of Eldred Rock Partners LLC's investment portfolio, making the stock its 14th largest position. Eldred Rock Partners LLC's holdings in PepsiCo were worth $12,845,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo in the 2nd quarter valued at $27,000. JCIC Asset Management Inc. bought a new position in PepsiCo during the 3rd quarter valued at about $27,000. Imprint Wealth LLC acquired a new position in PepsiCo in the third quarter valued at about $31,000. Halbert Hargrove Global Advisors LLC grew its stake in PepsiCo by 667.7% during the third 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 acquired a new stake in shares of PepsiCo during the third quarter worth approximately $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: New product momentum — PepsiCo launched a highly anticipated soda flavor that generated consumer excitement and social buzz, which can support short-term sales and retail velocity. PepsiCo Just Dropped a Highly Anticipated Soda Flavor—and Fans Are 'Screaming' With Excitement
• Positive Sentiment: Brand refresh and packaging — PepsiCo began a Tostitos brand refresh with updated packaging, supporting snack category relevance and retail shelf appeal. Product/packaging updates can lift in-store sell-through. PepsiCo Begins Tostitos Brand Refresh, Introduces Updated Packaging
• Positive Sentiment: Deeper event and fandom integration — Initiatives like Pepsi Football Nation and new venue supply deals aim to embed brands in live entertainment, which may boost out-of-home sales and marketing ROI. Is Pepsi Football Nation And New Venue Deals Reshaping the Investment Case For PepsiCo (PEP)?
• Positive Sentiment: Dividend appeal and defensive demand — Coverage highlighting PepsiCo as a consistent dividend payer and a defensive consumer-staples play is drawing investor interest amid recession concerns. That helps support valuation in risk-off environments. 3 Consistent Dividend Payers Outperforming in 2026: VZ, PEP, MO
• Neutral Sentiment: Strategic/ESG investments — Examples include a UK solar investment for distribution sites; positive for long-term cost and sustainability but not an immediate earnings driver. Behind PepsiCo's US$4.8m Investment in UK Solar
• Neutral Sentiment: Ongoing coverage on valuation and earnings cadence — Several pieces revisit PepsiCo's valuation, historical earnings-beat record and comparisons with Coca‑Cola; useful context but no single story moving fundamentals today. PepsiCo (PEP) Valuation Check After Mixed Short And Long Term Shareholder Returns
• Negative Sentiment: Analyst target trim — Deutsche Bank lowered its price target on PEP (from $176 to $169) citing “mounting industry pressures,” though it kept a Buy rating. That introduces some moderation to upside expectations and may cap near-term gains. Deutsche Bank Sees Mounting Industry Pressures, Trims PepsiCo (PEP) Target

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays boosted their target price on PepsiCo from $148.00 to $160.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 4th. Piper Sandler lifted their price objective on PepsiCo from $172.00 to $181.00 and gave the company an "overweight" rating in a research report on Thursday, March 12th. Royal Bank Of Canada boosted their price objective on PepsiCo from $156.00 to $165.00 and gave the stock a "sector perform" rating in a research note on Monday, March 2nd. BNP Paribas Exane set a $191.00 target price on PepsiCo in a research note on Wednesday, February 4th. Finally, Argus raised PepsiCo to a "hold" rating in a report on Tuesday, February 17th. Eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average price target of $169.00.

PepsiCo Stock Up 1.5%

NASDAQ:PEP opened at $157.01 on Friday. The company has a market cap of $214.62 billion, a price-to-earnings ratio of 26.17, a P/E/G ratio of 2.98 and a beta of 0.40. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The stock's fifty day moving average price is $159.66 and its two-hundred day moving average price is $150.40. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48.

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

PepsiCo announced that its board has authorized a share buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board of directors believes its stock is undervalued.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.6%. PepsiCo's dividend payout ratio is presently 94.83%.

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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