Pictet Asset Management Holding SA Has $113.88 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Pictet Asset Management trimmed its stake in PepsiCo by 4.5% in Q4, selling 37,085 shares and now holds 793,452 shares worth about $113.88 million (≈0.06% of the company).
• PepsiCo beat quarterly expectations with $1.61 EPS vs. $1.55 est. and revenue of $19.44 billion (up 8.5% YoY), and set FY2026 EPS guidance of 8.465–8.628 (analysts expect ~8.63).
• The board authorized a $10 billion share buyback (up to ~4.7% of shares) and continues a quarterly dividend of $1.4225 ($5.69 annualized, ~3.7% yield), despite a high payout ratio (~89.3%).

Pictet Asset Management Holding SA trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 793,452 shares of the company's stock after selling 37,085 shares during the quarter. Pictet Asset Management Holding SA owned about 0.06% of PepsiCo worth $113,876,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PEP. AQR Capital Management LLC raised its holdings in shares of PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company's stock valued at $830,902,000 after buying an additional 3,235,726 shares during the last quarter. Amundi raised its holdings in shares of PepsiCo by 30.0% in the third quarter. Amundi now owns 8,641,588 shares of the company's stock valued at $1,207,230,000 after buying an additional 1,995,362 shares during the last quarter. Vanguard Group Inc. raised its holdings 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 valued at $19,875,205,000 after buying an additional 1,612,652 shares during the last quarter. Caisse de depot et placement du Quebec raised its holdings in shares of PepsiCo by 151.7% in the third quarter. Caisse de depot et placement du Quebec now owns 2,597,986 shares of the company's stock valued at $364,861,000 after buying an additional 1,565,883 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of PepsiCo by 406.0% in the fourth quarter. SG Americas Securities LLC now owns 1,789,959 shares of the company's stock valued at $256,895,000 after buying an additional 1,436,216 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $154.10 on Tuesday. The business has a 50 day simple moving average of $158.37 and a 200 day simple moving average of $152.30. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. 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 has a market cap of $210.62 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.85 and a beta of 0.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, topping 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 business had revenue of $19.44 billion during the quarter, compared to analysts' expectations of $18.89 billion. During the same period in the prior year, the business earned $1.48 EPS. PepsiCo's revenue for the quarter was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

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

PepsiCo Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. Wall Street Zen cut PepsiCo from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Morgan Stanley boosted their price objective on PepsiCo from $165.00 to $180.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 4th. Argus raised PepsiCo to a "hold" rating in a report on Tuesday, February 17th. Rothschild & Co Redburn boosted their price objective on PepsiCo from $120.00 to $130.00 and gave the stock a "sell" rating in a report on Tuesday, February 10th. Finally, Royal Bank Of Canada dropped their price objective on PepsiCo from $165.00 to $163.00 and set a "sector perform" rating for the company in a report on Thursday, April 9th. 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $170.26.

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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