Resona Asset Management Co. Ltd. Reduces Stake in PepsiCo, Inc. $PEP

Resona Asset Management Co. Ltd. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the third quarter, Holdings Channel reports. The institutional investor owned 538,099 shares of the company’s stock after selling 24,860 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in PepsiCo were worth $75,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JCIC Asset Management Inc. bought a new stake in PepsiCo during the 3rd quarter worth approximately $27,000. Evolution Wealth Management Inc. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $27,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $29,000. Vermillion & White Wealth Management Group LLC increased its holdings in shares of PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the period. Finally, Halbert Hargrove Global Advisors LLC raised its position in shares of PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock worth $33,000 after buying an additional 207 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.58 on Friday. The company has a market capitalization of $197.69 billion, a price-to-earnings ratio of 27.49, a PEG ratio of 4.73 and a beta of 0.42. The business has a 50 day moving average of $145.75 and a 200 day moving average of $144.97. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $160.15.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is 108.17%.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Barclays set a $148.00 target price on PepsiCo in a research report on Friday, January 16th. Evercore ISI boosted their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Exane BNP Paribas upgraded shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 16th. Finally, Jefferies Financial Group increased their price target on shares of PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $159.29.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: JPMorgan upgraded PEP to Overweight after PepsiCo outlined initiatives to boost shareholder returns (capital allocation and buyback/dividend focus). That analyst backing can lift sentiment and reduce perceived execution risk. PepsiCo (PEP) Upgraded to Overweight by JPMorgan
• Positive Sentiment: PepsiCo is doubling down on zero‑sugar products (Pepsi Zero Sugar) to win younger consumers who shun “diet” labels — a strategic repositioning that can protect soda volumes and margins over time as tastes shift. PepsiCo Bets on Zero Sugar
• Neutral Sentiment: PepsiCo India named Savitha Balachandran (formerly of Tata Technologies) as its new CFO — strengthens regional leadership but is unlikely to move global results materially in the near term. PepsiCo India brings in Tata Tech’s Savitha Balachandran as new CFO
• Neutral Sentiment: Analyst/industry pieces compare PepsiCo’s scale and diversification versus niche competitors (e.g., Vita Coco) and versus Coca‑Cola; these help frame long‑term positioning but don’t contain immediate catalysts. PepsiCo vs. Vita Coco: Which Beverage Stock Offers Better Growth? Coca‑Cola vs. PepsiCo: What’s the Better Long‑Term Play?
• Negative Sentiment: Coca‑Cola reclaimed all 625 U.S. Costco food courts after Pepsi’s 12‑year partnership ended — a material distribution loss in a high‑volume channel that could pressure beverage volumes and incremental sales. Coke reclaims all 625 US Costco food courts
• Negative Sentiment: Headline market coverage notes PEP underperformed peers and the broader market (including pieces reporting the stock “sank” while the market gained) — short‑term weakness reflecting rotation and competitive concerns. PepsiCo Inc. stock underperforms PepsiCo (PEP) Stock Sinks As Market Gains

About PepsiCo

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.