PepsiCo, Inc. $PEP Shares Purchased by AIA Group Ltd

Key Points

• AIA Group Ltd boosted its stake in PepsiCo by 841.4% in Q3, purchasing 41,054 shares to hold 45,933 shares worth about $6.45 million.
• PepsiCo's board authorized a $10.0 billion share buyback (up to ~4.7% of shares) and declared a quarterly dividend of $1.4225 per share (annualized $5.69, ~3.7% yield; ex-dividend March 6).
• PepsiCo beat quarterly estimates with EPS of $2.26 (vs. $2.24) and revenue of $29.34 billion (up 5.6% YoY); analysts maintain a consensus "Hold" with an average target of $169.

AIA Group Ltd increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 841.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 45,933 shares of the company's stock after purchasing an additional 41,054 shares during the period. AIA Group Ltd's holdings in PepsiCo were worth $6,451,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of PepsiCo by 1.8% during the third quarter. State Street Corp now owns 59,499,819 shares of the company's stock worth $8,356,155,000 after buying an additional 1,079,970 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 9.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company's stock valued at $3,833,406,000 after buying an additional 2,556,163 shares during the period. Norges Bank acquired a new position in PepsiCo during the 2nd quarter worth about $2,330,594,000. Franklin Resources Inc. boosted its holdings in PepsiCo by 19.5% during the 2nd quarter. Franklin Resources Inc. now owns 15,577,073 shares of the company's stock valued at $2,056,797,000 after acquiring an additional 2,541,455 shares during the period. Finally, Invesco Ltd. boosted its holdings in PepsiCo by 7.6% during the 3rd quarter. Invesco Ltd. now owns 13,617,747 shares of the company's stock valued at $1,912,476,000 after acquiring an additional 958,701 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP opened at $153.54 on Thursday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The stock has a market cap of $209.84 billion, a PE ratio of 25.59, a price-to-earnings-growth ratio of 3.00 and a beta of 0.39. The firm has a fifty day moving average price of $157.75 and a 200 day moving average price of $149.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $28.96 billion. During the same quarter last year, the company posted $1.96 earnings per share. The business's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, March 6th. PepsiCo's dividend payout ratio (DPR) is currently 94.83%.

PepsiCo announced that its board has authorized a stock buyback plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. BNP Paribas Exane set a $191.00 price target on shares of PepsiCo in a research note on Wednesday, February 4th. UBS Group restated a "buy" rating and issued a $190.00 price objective on shares of PepsiCo in a report on Wednesday, February 4th. HSBC upped their target price on shares of PepsiCo from $152.00 to $175.00 and gave the stock a "hold" rating in a research note on Thursday, February 5th. Jefferies Financial Group increased their target price on shares of PepsiCo from $163.00 to $164.00 and gave the stock a "hold" rating in a report on Tuesday, December 9th. Finally, 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. Eight equities research 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's stock. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $169.00.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Piper Sandler raised its price target to $181 (from $172) and kept an Overweight rating, citing pricing power and innovation tailwinds that support medium-term earnings and dividend appeal. Piper Sandler Stays Bullish on PepsiCo (PEP)
• Positive Sentiment: PepsiCo India launched an EV "green corridor" to cut supply‑chain emissions and logistics cost over time — a sustainability push that can reduce fuel expense and improve ESG metrics in a high-growth emerging market. PepsiCo India expands green logistics
• Positive Sentiment: PepsiCo was named the official beverage partner for Venu’s Sunset Amphitheater portfolio, gaining venue distribution and brand exposure at live events — a volume/marketing channel boost for beverage sales. PepsiCo Named Official Beverage Partner of VENU
• Positive Sentiment: Varun Beverages (an India-based Pepsi bottler) is pursuing an acquisition in South Africa to diversify its portfolio into new categories — a potential long-term growth lever for PepsiCo's bottling system. Varun Beverages lines up another acquisition in South Africa
• Positive Sentiment: Pepsi became an official beverage and entertainment partner for HBL‑PSL (cricket league), expanding regional sponsorships and stadium/consumer reach in South Asian markets. Pepsi joins HBL-PSL as official beverage and entertainment partner
• Neutral Sentiment: PepsiCo set its Q1 2026 earnings release date for April 16 — a scheduled catalyst that could move the stock depending on top/bottom‑line results and guidance. PepsiCo Announces Timing of First-Quarter 2026 Financial Results
• Neutral Sentiment: Legislation to expand SNAP to Puerto Rico (S.3958) was introduced — a long‑run demand tail that could modestly affect beverage/snack consumption in the territory if enacted. New Bill: Puerto Rico Nutrition Assistance Fairness Act
• Neutral Sentiment: Analyst/market commentary comparing Coca‑Cola vs. PepsiCo highlights tradeoffs (stability vs. upside); useful for positioning but not an immediate stock mover. Coca‑Cola vs. PepsiCo: Which One Will Make You Richer?
• Negative Sentiment: Coca‑Cola’s Sprite reclaimed the NBA soft‑drink sponsorship from PepsiCo’s Starry — a loss of league-level exposure for PepsiCo’s citrus brand that could dent targeted marketing effectiveness in a high‑value channel. Coke's Sprite Takes Back NBA Sponsorship From PepsiCo's Starry
• Negative Sentiment: An Elliott‑led overhaul (cost cuts, portfolio pruning, leadership changes) plus a reported fiduciary/antitrust probe create short‑term execution and governance risk that investors may punish despite potential long‑term upside from efficiency gains. How Elliott-Driven Overhaul and Health Push Could Reshape PepsiCo

PepsiCo 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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