StrongBox Wealth LLC Decreases Position in PepsiCo, Inc. $PEP

Key Points

• StrongBox Wealth LLC cut its stake in PepsiCo by 43.6% in Q4, selling 8,279 shares and leaving it with 10,690 shares valued at $1.534 million, according to the firm's latest 13F filing.
• PepsiCo beat Q results (GAAP EPS $2.26 vs. $2.24 est.; revenue $29.34B vs. $28.96B), announced a $10.0 billion share buyback (~4.7% of shares) and pays a quarterly dividend of $1.4225 (≈3.6% yield; DPR ~94.8%).
• Analyst sentiment is mixed—MarketBeat shows a consensus "Hold" with a $169 average target—while recent coverage highlights a possible turnaround and defensive appeal but also reputational pressure from a sponsorship pullback and category headwinds that could weigh on near-term volumes.

StrongBox Wealth LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 43.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,690 shares of the company's stock after selling 8,279 shares during the period. StrongBox Wealth LLC's holdings in PepsiCo were worth $1,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Evolution Wealth Management Inc. purchased a new position in PepsiCo in the 2nd quarter valued at approximately $27,000. JCIC Asset Management Inc. purchased a new position in PepsiCo in the 3rd quarter valued at approximately $27,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $31,000. Halbert Hargrove Global Advisors LLC raised its holdings in shares of PepsiCo by 667.7% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company's stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Strategic Advocates LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $156.73 on Tuesday. The company's fifty day moving average price is $160.13 and its 200 day moving average price is $150.77. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The firm has a market capitalization of $214.24 billion, a P/E ratio of 26.12, a P/E/G ratio of 3.03 and a beta of 0.40.

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

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

PepsiCo Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.6%. The ex-dividend date was Friday, March 6th. PepsiCo's dividend payout ratio (DPR) is currently 94.83%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PEP shares. Barclays raised their price objective on shares of PepsiCo from $148.00 to $160.00 and gave the company an "equal weight" rating in a report on Wednesday, February 4th. BNP Paribas Exane set a $191.00 price objective on shares of PepsiCo in a report on Wednesday, February 4th. Argus upgraded shares of PepsiCo to a "hold" rating in a report on Tuesday, February 17th. Citigroup raised their price objective on shares of PepsiCo from $170.00 to $182.00 and gave the company a "buy" rating in a report on Wednesday, February 4th. Finally, Royal Bank Of Canada raised their price objective on shares of PepsiCo from $156.00 to $165.00 and gave the company a "sector perform" rating in a report on Monday, March 2nd. 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's stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and an average target price of $169.00.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Zacks and other outlets are featuring PepsiCo as a steady, income-oriented idea in 2026, highlighting steady cash flow and defensive qualities that can support the stock over time. Zacks Investment Ideas feature highlights: Altria, Verizon Communications and PepsiCo
• Positive Sentiment: PepsiCo completed a small disposal of a New Jersey warehouse for $4.7M, a modest but positive cash/inventory cleanup move that trims non-core real estate. PepsiCo sells NJ warehouse to family-owned fire protection firm in $4.7M deal
• Positive Sentiment: Analyst and media pieces (e.g., 247WallStreet) are revisiting PepsiCo’s turnaround narrative — noting progress on revenue/organic growth and arguing the stock may be attractive after 2025 volatility. This supports a longer-term constructive view. Is the Pepsico Turnaround Story Finally Worth Buying?
• Neutral Sentiment: News about Varun Beverages (a PepsiCo bottler) going ex-dividend is being reported — it affects the regional bottling group and local shareholder returns but is not a direct corporate catalyst for PEP. Varun Beverages Dividend: Shares of PepsiCo bottler to trade ex-date soon for final dividend, check amount
• Neutral Sentiment: Macro commentary (BCA Research) urges caution and not adding risk as energy/geo risks alter market tone — a background factor that keeps defensive names like PepsiCo in focus but can compress broader multiples. Here’s why you shouldn’t add risk to your portfolio, according to BCA
• Negative Sentiment: PepsiCo withdrew/dropped sponsorship of a U.K. music festival headlined by Kanye West after the booking, generating negative headlines and short-term reputational/marketing uncertainty that likely pressured the stock today. Multiple outlets covered the pullback. PepsiCo, Diageo Drop Sponsorship of Kanye West-Headlined U.K. Music Festival
• Negative Sentiment: Sector dynamics: Coca‑Cola’s shift from pricing-led growth toward volume recovery highlights affordability pressure in beverages — a sign the category may face demand sensitivity if consumers push back on price, which is a headwind for PepsiCo’s near-term volumes/mix. Can Coca-Cola Balance Pricing, Affordability in Soft Macro Backdrop?

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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