Robeco Institutional Asset Management B.V. Grows Stock Position in PepsiCo, Inc. $PEP

Key Points

• Robeco Institutional Asset Management increased its stake in PepsiCo (PEP) by 480.1% in Q4, buying an additional 524,684 shares to hold 633,978 shares valued at about $90.99 million.
• PepsiCo announced a $10 billion share buyback (up to 4.7% of shares), reported a modest Q4 beat with $2.26 EPS and 5.6% revenue growth, and paid a quarterly dividend of $1.4225 (annualized yield ~3.6%) despite a high payout ratio (~94.8%).

Robeco Institutional Asset Management B.V. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 480.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 633,978 shares of the company's stock after purchasing an additional 524,684 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in PepsiCo were worth $90,989,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. JCIC Asset Management Inc. purchased a new stake in PepsiCo during the 3rd quarter worth approximately $27,000. MH & Associates Securities Management Corp ADV acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $29,000. Evolution Wealth Management Inc. acquired a new position in PepsiCo in the second quarter valued at approximately $27,000. Imprint Wealth LLC acquired a new position in PepsiCo in the third quarter valued at approximately $31,000. Finally, Strategic Advocates LLC acquired a new position in PepsiCo in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst coverage highlighting likely earnings growth and a potential beat supports expectations for revenue/earnings resilience ahead of the print. PepsiCo (PEP) Earnings Expected to Grow: Should You Buy?
• Positive Sentiment: Marketing and product activity (new campaign for Cheetos with high‑profile partners) can help brand momentum and volume recovery in snacks/beverages. Campaign Trail: Cheetos soundtracks a heist with Megan Thee Stallion, Nickelback
• Positive Sentiment: New product rollout (Dirty Mountain Dew national push) and related beverage innovations may offset some snack weakness if consumer uptake is strong. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Neutral Sentiment: UBS and other brokers expect Q1 results to be largely in‑line, noting modest organic revenue progress but continued focus on North America trends; that tempers both upside and downside near term. PepsiCo expected to report in-line Q1 results amid North America recovery
• Neutral Sentiment: Short‑interest report shows no meaningful short position (data anomaly/zeroes), so short covering is unlikely to be a driver. (No actionable signal.)
• Negative Sentiment: RBC trimmed its price target from $165 to $163 and kept a "sector perform" rating — a modestly bearish signal that may weigh on sentiment relative to peers. RBC trims price target on PepsiCo to $163 from $165, keeps sector perform rating
• Negative Sentiment: Multiple reports that prior snack price hikes led to lost sales and shelf‑space losses have forced PepsiCo to cut snack prices, which could boost volumes but hurt near‑term margins and investor sentiment. PepsiCo Balances Dirty Mountain Dew Launch With Snack Pricing And ESG Risks
• Negative Sentiment: Some outlets and an analyst note flagged a pessimistic medium‑term view on PEP’s share performance, adding to near‑term caution ahead of results. UBS Group Issues Pessimistic Forecast for PepsiCo NASDAQ: PEP Stock Price

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a research report on Wednesday. Piper Sandler raised their price objective on PepsiCo from $172.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Rothschild & Co Redburn raised 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. Evercore increased their target price on shares of PepsiCo from $152.00 to $165.00 in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada decreased their target price on shares of PepsiCo from $165.00 to $163.00 and set a "sector perform" rating for the company in a research note on Thursday. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $168.47.

PepsiCo Price Performance

PEP stock opened at $157.06 on Monday. The firm has a 50 day moving average of $160.58 and a 200-day moving average of $151.16. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The company has a market cap of $214.69 billion, a price-to-earnings ratio of 26.18, a PEG ratio of 3.03 and a beta of 0.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.24 by $0.02. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The business had revenue of $29.34 billion during the quarter, compared to analysts' expectations of $28.96 billion. During the same period last year, the company posted $1.96 EPS. The company's revenue was up 5.6% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, March 6th. PepsiCo's payout ratio is presently 94.83%.

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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