GRIMES & Co WEALTH MANAGEMENT LLC Buys 7,165 Shares of PepsiCo, Inc. $PEP

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC raised its PepsiCo stake by 11.1%, buying 7,165 shares to hold 71,980 shares worth about $10.33 million per its latest 13F filing.
• PepsiCo's board approved a 4% quarterly dividend increase to $1.48 per share (annualized $5.92, ~3.8% yield); the ex-dividend date is June 5 and the dividend is payable June 30.
• The company beat quarterly estimates with $1.61 EPS, provided FY2026 EPS guidance of 8.465–8.628, and authorized a $10 billion share buyback (about 4.7% of shares outstanding).

GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,980 shares of the company's stock after buying an additional 7,165 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in PepsiCo were worth $10,331,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Captrust Financial Advisors raised its stake in PepsiCo by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company's stock worth $77,916,000 after acquiring an additional 19,218 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its stake in shares of PepsiCo by 622.3% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company's stock valued at $5,110,000 after buying an additional 30,674 shares during the last quarter. Mediolanum International Funds Ltd raised its stake in shares of PepsiCo by 19.3% during the 3rd quarter. Mediolanum International Funds Ltd now owns 252,916 shares of the company's stock valued at $35,451,000 after buying an additional 40,947 shares during the last quarter. Townsquare Capital LLC raised its stake in shares of PepsiCo by 96.5% during the 3rd quarter. Townsquare Capital LLC now owns 40,383 shares of the company's stock valued at $5,671,000 after buying an additional 19,829 shares during the last quarter. Finally, NEOS Investment Management LLC raised its stake in shares of PepsiCo by 65.8% during the 3rd quarter. NEOS Investment Management LLC now owns 577,111 shares of the company's stock valued at $81,049,000 after buying an additional 229,121 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on PEP shares. Evercore lifted their price target on PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Citigroup lifted their price target on PepsiCo from $170.00 to $182.00 and gave the company a "buy" rating in a research note on Wednesday, February 4th. Argus upgraded PepsiCo to a "hold" rating in a research note on Tuesday, February 17th. The Goldman Sachs Group lifted their price target on PepsiCo from $180.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Finally, Barclays lifted their price target on PepsiCo from $154.00 to $158.00 and gave the company an "equal weight" rating in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $170.26.

PepsiCo Trading Up 0.2%

Shares of PepsiCo stock opened at $156.29 on Friday. The stock has a market cap of $213.61 billion, a P/E ratio of 24.54, a P/E/G ratio of 2.86 and a beta of 0.38. The stock's 50 day simple moving average is $157.25 and its 200-day simple moving average is $152.50. 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 released its quarterly earnings data on Thursday, April 16th. The company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to analysts' expectations of $18.89 billion. During the same period in the prior year, the firm posted $1.48 earnings per share. The firm's quarterly revenue was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a yield of 3.8%. This is a positive change from PepsiCo's previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo's payout ratio is currently 89.32%.

PepsiCo announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Board approved a 4% quarterly dividend increase to $1.48 (annualized yield ~3.8%), signaling cash-flow strength and bolstering income appeal for dividend investors. PepsiCo Declares Quarterly Dividend
• Positive Sentiment: Management is leaning on international expansion, product innovation and disciplined cost management while reaffirming its 2026 outlook — supports revenue visibility and EPS guidance that analysts are modeling. PepsiCo Stock Rises 9.4% in 6 Months: Buy Now or Stay Focused?
• Positive Sentiment: PepsiCo completed pilot transactions for tokenized low‑carbon ammonia attributes and signed an agreement with TalusAg — advances its agricultural emissions targets and may improve supply‑chain resilience and ESG credentials. PepsiCo Tests Tokenized Low Carbon Ammonia To Tackle Farm Emissions
• Positive Sentiment: Retail and product wins: Subway national rollout of Poppi (prebiotic soda) extends distribution for Pepsi‑owned/partner brands and underscores the company’s push into healthier beverage categories. Subway rolls out poppi prebiotic sodas across US outlets
• Positive Sentiment: Partnerships with fast‑growing beverage players (e.g., Celsius distribution/partnership) amplify PepsiCo’s exposure to the energy and functional drinks category without all the organic growth risk. Celsius Is Winning The Energy Drink Battle With Pepsi In Its Corner
• Neutral Sentiment: Suja Life’s weak Nasdaq debut shows selective investor appetite in the healthy‑beverage IPO market; it highlights both opportunity and caution for large players acquiring niche brands. US stocks today: Paine Schwartz-backed Suja Life's shares fall 14% in Nasdaq debut
• Negative Sentiment: PETA protests outside PepsiCo HQ over alleged animal‑welfare issues create short‑term reputational risk and potential media scrutiny — monitor any escalation or supplier‑related disclosures. Video shows PETA activists encasing feet in cement outside PepsiCo HQ over bull abuse claims
• Negative Sentiment: Competitive context: Coca‑Cola’s stronger YTD performance and renewed investor backing highlight relative growth concerns and may pressure sentiment/relative valuation. Coke Keeps Beating Pepsi. Warren Buffett’s Bet Has Paid Off.

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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