Coerente Capital Management Raises Holdings in PepsiCo, Inc. $PEP

Coerente Capital Management increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 141,997 shares of the company’s stock after purchasing an additional 3,401 shares during the quarter. PepsiCo makes up approximately 3.7% of Coerente Capital Management’s investment portfolio, making the stock its 12th largest position. Coerente Capital Management’s holdings in PepsiCo were worth $20,379,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in PEP. AQR Capital Management LLC increased its position in shares of PepsiCo by 120.7% during the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after purchasing an additional 3,235,726 shares in the last quarter. Amundi increased its position in shares of PepsiCo by 30.0% during the third quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after purchasing an additional 1,995,362 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of PepsiCo by 60.2% during the third quarter. Assenagon Asset Management S.A. now owns 5,051,114 shares of the company’s stock worth $709,378,000 after purchasing an additional 1,897,865 shares in the last quarter. Holocene Advisors LP increased its position in shares of PepsiCo by 2,437.1% during the second quarter. Holocene Advisors LP now owns 1,913,529 shares of the company’s stock worth $252,662,000 after purchasing an additional 1,838,108 shares in the last quarter. Finally, Caisse de depot et placement du Quebec increased its position in shares of PepsiCo by 151.7% during the third quarter. Caisse de depot et placement du Quebec now owns 2,597,986 shares of the company’s stock worth $364,861,000 after purchasing an additional 1,565,883 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Key PepsiCo News

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on PepsiCo from $176.00 to $172.00 and set an “overweight” rating for the company in a research report on Wednesday. BNP Paribas Exane set a $191.00 target price on PepsiCo in a report on Wednesday, February 4th. Rothschild & Co Redburn upped their target price on PepsiCo from $120.00 to $130.00 and gave the company a “sell” rating in a report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $176.00 to $169.00 and set a “buy” rating for the company in a report on Monday, March 30th. Eight 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $168.47.

PepsiCo Stock Down 0.3%

Shares of NASDAQ:PEP opened at $157.06 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06. The business has a fifty day moving average of $160.58 and a two-hundred day moving average of $151.04. The stock has a market cap of $214.69 billion, a P/E ratio of 26.18, a PEG ratio of 3.04 and a beta of 0.40. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The company had revenue of $29.34 billion during the quarter, compared to analysts’ expectations of $28.96 billion. During the same period in the prior year, the business earned $1.96 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo declared that its Board of Directors has approved a stock buyback plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its stock is undervalued.

PepsiCo Dividend Announcement

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