SteelPeak Wealth LLC Boosts Stake in PepsiCo, Inc. $PEP

Key Points

• SteelPeak Wealth LLC boosted its stake in PepsiCo by 1,280.8% in Q4, buying an additional 94,679 shares to hold 102,071 shares valued at about $14.79 million.
• PepsiCo's board authorized a $10.0 billion share repurchase program (up to ~4.7% of shares) and the company pays a quarterly dividend of $1.4225 ($5.69 annualized), representing a ~3.6% yield.
• In the latest quarter PepsiCo reported EPS of $2.26 (beating estimates by $0.02) and revenue of $29.34 billion, up 5.6% year-over-year; analysts' consensus rates the stock a Hold with an average target of $169.

SteelPeak Wealth LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1,280.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,071 shares of the company's stock after buying an additional 94,679 shares during the period. SteelPeak Wealth LLC's holdings in PepsiCo were worth $14,789,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PEP. Evolution Wealth Management Inc. bought a new position in shares of PepsiCo during the 2nd quarter valued at $27,000. JCIC Asset Management Inc. bought a new stake in shares of PepsiCo in the third quarter worth $27,000. Imprint Wealth LLC purchased a new stake in PepsiCo during the third quarter valued at $31,000. Halbert Hargrove Global Advisors LLC lifted its holdings in PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company's stock valued at $33,000 after acquiring an additional 207 shares during the period. Finally, Strategic Advocates LLC purchased a new position in PepsiCo in the third quarter worth about $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $157.01 on Friday. The stock has a market cap of $214.62 billion, a PE ratio of 26.17, a price-to-earnings-growth ratio of 3.03 and a beta of 0.40. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The firm has a fifty day moving average price of $159.91 and a 200-day moving average price of $150.52. 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 (NASDAQ:PEP - Get Free Report) last released its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, beating analysts' consensus estimates of $2.24 by $0.02. The company had revenue of $29.34 billion for the quarter, compared to analysts' expectations of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. PepsiCo's revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.96 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

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

PepsiCo Announces Dividend

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

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: New product excitement: PepsiCo rolled out a highly anticipated soda flavor that has generated strong consumer buzz and social-media reaction, which can boost short-term retail demand and brand engagement. PepsiCo Just Dropped a Highly Anticipated Soda Flavor—and Fans Are 'Screaming' With Excitement
• Positive Sentiment: Brand refresh / marketing lift: PepsiCo began a Tostitos packaging and brand refresh — a low-capex way to refresh shelf appeal and support snack sales, especially ahead of seasonal demand. PepsiCo Begins Tostitos Brand Refresh, Introduces Updated Packaging
• Positive Sentiment: Income appeal remains intact: Coverage highlighting PepsiCo as one of three consistent dividend payers reinforces its defensive income profile for yield-seeking investors. That support can underwrite multiple expansions vs peers. 3 Consistent Dividend Payers Outperforming in 2026: VZ, PEP, MO
• Neutral Sentiment: Corporate reputation / leadership signal: A Fortune podcast feature highlighted PepsiCo as a "leadership factory" (ex-employee success stories), which supports long-term talent/operational strength but is more qualitative than immediately price-driving. 12 Fortune 500 CEOs worked for Pepsi. Delta’s Ed Bastian explains why it’s a leadership factory
• Neutral Sentiment: Emerging market commentary: A PepsiCo exec highlighted China’s dynamic consumer market — positive for growth narrative but not an immediate catalyst. PepsiCo executive highlights China's dynamic consumer market
• Neutral Sentiment: Regional bottler news: PepsiCo bottler Varun Beverages set a record date for its final dividend — relevant to regional franchise economics but indirect for PEP shares. PepsiCo bottler Varun Beverages final dividend: Record date announced
• Negative Sentiment: Analyst trim / industry pressure: Deutsche Bank cut its PepsiCo price target (from $176 to $169) and warned of mounting industry pressures — a reminder that margin and volume dynamics could limit upside and may weigh on sentiment despite a Buy rating. Deutsche Bank Sees Mounting Industry Pressures, Trims PepsiCo (PEP) Target

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of PepsiCo from $165.00 to $180.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 4th. TD Cowen boosted their target price on shares of PepsiCo from $162.00 to $165.00 and gave the company a "hold" rating in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $164.00 to $176.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 4th. Barclays lifted their price target on shares of PepsiCo from $148.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 4th. Finally, Rothschild & Co Redburn upped their price objective on PepsiCo from $120.00 to $130.00 and gave the stock a "sell" rating in a research note on Tuesday, February 10th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $169.00.

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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