PepsiCo, Inc. $PEP Shares Acquired by RNC Capital Management LLC

Key Points

• RNC Capital Management LLC raised its stake in PepsiCo by 30.6% in Q4 to 418,538 shares (≈$60.07M), making the stock 2.7% of its portfolio and its 11th-largest holding.
• PepsiCo beat quarterly estimates with EPS of $1.61 versus $1.55 and revenue of $19.44B (up 8.5% y/y), set FY2026 guidance of $8.465–$8.628 EPS, and authorized a $10 billion share buyback.
• Analysts maintain a consensus "Hold" rating with a $170.26 target (8 Buys, 11 Holds, 1 Sell) for the stock.

RNC Capital Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 418,538 shares of the company's stock after purchasing an additional 98,125 shares during the period. PepsiCo accounts for 2.7% of RNC Capital Management LLC's investment portfolio, making the stock its 11th biggest position. RNC Capital Management LLC's holdings in PepsiCo were worth $60,069,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Koa Wealth Management LLC grew its stake in PepsiCo by 0.9% during the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company's stock valued at $1,149,000 after purchasing an additional 68 shares in the last quarter. Facet Wealth Inc. raised its position in shares of PepsiCo by 3.2% in the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company's stock valued at $312,000 after purchasing an additional 69 shares in the last quarter. Hudock Inc. boosted its stake in shares of PepsiCo by 1.0% during the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company's stock valued at $994,000 after buying an additional 70 shares during the last quarter. Delta Asset Management LLC TN boosted its stake in shares of PepsiCo by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company's stock valued at $1,545,000 after buying an additional 70 shares during the last quarter. Finally, Westside Investment Management Inc. grew its position in shares of PepsiCo by 2.8% during the third quarter. Westside Investment Management Inc. now owns 2,602 shares of the company's stock worth $366,000 after buying an additional 70 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup upped their price target on shares of PepsiCo from $170.00 to $182.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Wells Fargo & Company increased their price target on shares of PepsiCo from $154.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $169.00 to $173.00 and gave the company a "buy" rating in a report on Friday, April 17th. Piper Sandler upped their price objective on PepsiCo from $172.00 to $181.00 and gave the company an "overweight" rating in a research note on Thursday, March 12th. Finally, Royal Bank Of Canada decreased their target price on PepsiCo from $165.00 to $163.00 and set a "sector perform" rating for the company in a research report on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $170.26.

PepsiCo Stock Performance

PEP stock opened at $154.59 on Tuesday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The stock has a market capitalization of $211.29 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.88 and a beta of 0.38. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock's fifty day moving average is $157.96 and its two-hundred day moving average is $152.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analysts' expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.48 EPS. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently declared 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. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, March 6th. PepsiCo's payout ratio is 89.32%.

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

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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