Mitsubishi UFJ Trust & Banking Corp Increases Position in PepsiCo, Inc. $PEP

Key Points

• Mitsubishi UFJ Trust & Banking Corp increased its stake in PepsiCo by 7.3% to 1,118,029 shares, representing about 0.08% of the company and valued at roughly $160.46 million.
• PepsiCo beat quarterly estimates with $1.61 EPS and $19.44 billion in revenue, and set FY 2026 guidance at an EPS range of 8.465–8.628.
• The company pays a quarterly dividend of $1.4225 (annualized $5.69, ~3.7% yield) and has authorized a $10.0 billion share buyback (up to ~4.7% of shares).

Mitsubishi UFJ Trust & Banking Corp raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,118,029 shares of the company's stock after purchasing an additional 76,016 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.08% of PepsiCo worth $160,460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of PepsiCo by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company's stock worth $19,875,205,000 after acquiring an additional 1,612,652 shares in the last quarter. State Street Corp grew its stake in shares of 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 acquiring an additional 1,079,970 shares in the last quarter. Invesco Ltd. grew its stake in shares of 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 acquiring an additional 958,701 shares in the last quarter. Legal & General Group Plc grew its stake in shares of 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 acquiring an additional 118,286 shares in the last quarter. Finally, Amundi grew its stake in shares of 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 acquiring an additional 1,995,362 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $154.10 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The firm has a fifty day moving average price of $158.37 and a 200 day moving average price of $152.30. The company has a market cap of $210.62 billion, a P/E ratio of 24.19, a PEG ratio of 2.85 and a beta of 0.40. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 6th were paid 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 dividend yield of 3.7%. PepsiCo's payout ratio is presently 89.32%.

PepsiCo declared that its Board of Directors has approved a share repurchase program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research note on Saturday, April 18th. Evercore boosted their price target on shares of PepsiCo from $165.00 to $170.00 in a research note on Friday, April 17th. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $120.00 to $130.00 and gave the stock a "sell" rating in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $169.00 to $173.00 and gave the stock a "buy" rating in a research note on Friday, April 17th. Finally, Piper Sandler boosted their price target on shares of PepsiCo from $172.00 to $181.00 and gave the stock an "overweight" rating in a research note on Thursday, March 12th. Eight 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 stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $170.26.

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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