Kerusso Capital Management LLC Has $4.72 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Kerusso Capital raised its PepsiCo stake by 25.6% to 32,852 shares worth about $4.72 million, making PEP its 12th-largest position (~2.2% of holdings).
• PepsiCo beat quarterly estimates with $1.61 EPS (vs. $1.55) and $19.44B revenue (up 8.5% YoY), and set FY2026 guidance of 8.465–8.628 EPS (analysts average ~8.63).
• The board authorized a $10 billion share buyback (roughly 4.7% of shares) and paid a quarterly dividend of $1.4225, an annualized yield of about 3.7%.

Kerusso Capital Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 25.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,852 shares of the company's stock after purchasing an additional 6,686 shares during the quarter. PepsiCo makes up about 2.2% of Kerusso Capital Management LLC's holdings, making the stock its 12th biggest position. Kerusso Capital Management LLC's holdings in PepsiCo were worth $4,715,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. JCIC Asset Management Inc. bought a new stake in PepsiCo in the third quarter worth $27,000. MH & Associates Securities Management Corp ADV bought a new position in PepsiCo during the fourth quarter valued at about $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the third quarter worth about $31,000. Halbert Hargrove Global Advisors LLC boosted 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 acquiring an additional 207 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new position in shares of PepsiCo during the 3rd quarter valued at about $33,000. Institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the subject of several analyst reports. Royal Bank Of Canada reduced their target price on PepsiCo from $165.00 to $163.00 and set a "sector perform" rating for the company in a report on Thursday, April 9th. Argus upgraded PepsiCo to a "hold" rating in a report on Tuesday, February 17th. Evercore lifted their price target on shares of PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. Rothschild & Co Redburn upped their price objective on shares of PepsiCo from $120.00 to $130.00 and gave the stock a "sell" rating in a report on Tuesday, February 10th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of PepsiCo in a research note on Wednesday, April 8th. Eight equities research 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. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $170.26.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $155.70 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company has a market cap of $212.81 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.82 and a beta of 0.40. The business's 50 day moving average is $158.82 and its two-hundred day moving average is $151.95. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) 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 the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. PepsiCo's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.48 earnings per share. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Dividend Announcement

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

PepsiCo declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the company to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Strategic AI partnership with Google Cloud announced to accelerate AI across PepsiCo’s supply chain and operations—investors view this as a productivity and margin catalyst that supports faster insight-to-action at scale. PepsiCo Deepens AI Capabilities with Google Cloud
• Positive Sentiment: Coverage by Benzinga highlighted the Google Cloud deal as a near-term reason for share gains, linking the partnership directly to investors’ improved view on PepsiCo’s supply-chain and AI-driven efficiency plans. PepsiCo Gains As Google Cloud Partnership Boosts AI, Supply Chain Plans
• Positive Sentiment: Jim Cramer mentioned an upcoming Pepsi product as "potentially hot," bringing retail attention and short‑term sentiment lift; media mentions from high-profile commentators can amplify buying interest. Jim Cramer Reveals Potentially Hot Upcoming Pepsi (PEP) Product
• Positive Sentiment: Gatorade launched a global "Is It In You?" football campaign ahead of major competitions—an aggressive marketing push for a core brand that can support volume and international momentum. GATORADE ASSERTS THERE ARE NO SHORTCUTS TO GREATNESS IN NEW 'IS IT IN YOU?' GLOBAL FOOTBALL CAMPAIGN
• Positive Sentiment: Quaker expanded its portfolio with a new protein rice crisps product—aligns with consumer trends for higher-protein, better-for-you snacks and supports PepsiCo’s foods portfolio evolution. QUAKER® EXPANDS PORTFOLIO WITH NEW PROTEIN RICE CRISPS OFFERING GOOD SOURCE OF PROTEIN (6G PROTEIN) AND 9G WHOLE GRAINS PER SERVING
• Neutral Sentiment: PepsiCo announced a virtual annual shareholder meeting webcast for May 6—standard disclosure and a governance touchpoint but unlikely to move fundamentals. PepsiCo Announces Webcast of Annual Meeting of Shareholders
• Neutral Sentiment: PepsiCo selected Carlsberg as its bottling/distribution partner in Northern Europe (effective 2029); this restructures regional execution and may improve scale, but benefits are multi-year and gradual. PepsiCo Hands Northern Europe Bottling To Carlsberg What It Means For Investors
• Neutral Sentiment: A comparative piece on Coca‑Cola vs. PepsiCo reviews decade-long performance; useful context for investors but not an immediate catalyst for PEP stock movement. Got 5,000? Coca-Cola vs. PepsiCo – One Has Quietly Outperformed for a Decade
• Negative Sentiment: Reporting on PepsiCo India highlights a farm-to-shelf overhaul amid rising costs and changing consumer demand—signals regional cost pressure and execution risk that could weigh on margins if not offset by pricing or efficiency. Inside PepsiCo India's farm-to-shelf overhaul amid rising costs, shifting consumer demand

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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