Varma Mutual Pension Insurance Co Has $35.39 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Varma Mutual Pension Insurance Co trimmed its stake in PepsiCo by 4.8% to 246,557 shares, worth $35.39 million, while institutional investors collectively own about 73.07% of the stock.
• PepsiCo beat quarterly expectations with $1.61 EPS and $19.44B revenue, set FY2026 guidance at 8.465–8.628 EPS (consensus ~8.63), yet the consensus rating remains "Hold" with an average price target of $170.26.
• The company pays a quarterly dividend of $1.4225 (annualized $5.69, yield 3.6%) with a high payout ratio (~89%), and its board authorized a $10 billion share buyback (up to 4.7% of shares outstanding).

Varma Mutual Pension Insurance Co trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,557 shares of the company's stock after selling 12,300 shares during the quarter. Varma Mutual Pension Insurance Co's holdings in PepsiCo were worth $35,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in PEP. Brighton Jones LLC raised its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Caxton Associates LLP bought a new position in shares of PepsiCo in the 1st quarter valued at approximately $251,000. Sivia Capital Partners LLC raised its stake in shares of PepsiCo by 138.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock valued at $862,000 after acquiring an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company's stock valued at $70,789,000 after acquiring an additional 167,707 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on PEP shares. JPMorgan Chase & Co. raised their price objective on PepsiCo from $172.00 to $178.00 and gave the company an "overweight" rating in a research note on Friday, April 17th. HSBC lifted their price target on PepsiCo from $175.00 to $176.00 and gave the stock a "hold" rating in a research report on Friday, April 17th. Rothschild & Co Redburn lifted their price target on PepsiCo from $120.00 to $130.00 and gave the stock a "sell" rating in a research report on Tuesday, February 10th. Barclays lifted their price target on PepsiCo from $154.00 to $158.00 and gave the stock an "equal weight" rating in a research report on Monday, April 20th. Finally, Morgan Stanley lifted their price target on PepsiCo from $165.00 to $180.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 4th. Eight equities 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 stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average price target of $170.26.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $157.39 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The business's 50 day moving average is $157.96 and its two-hundred day moving average is $152.43. The company has a market cap of $215.11 billion, a P/E ratio of 24.71, a P/E/G ratio of 2.88 and a beta of 0.38. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analysts' expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.48 earnings per share. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.6%. PepsiCo's payout ratio is currently 89.32%.

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

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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