PepsiCo, Inc. $PEP Position Increased by New York Life Investment Management LLC

Posted by Brenda Bartman on May 15th, 2026

New York Life Investment Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 204,527 shares of the company’s stock after purchasing an additional 3,696 shares during the quarter. New York Life Investment Management LLC’s holdings in PepsiCo were worth $29,354,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its holdings in shares of PepsiCo by 8.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 14,787 shares of the company’s stock valued at $2,122,000 after buying an additional 1,095 shares during the last quarter. Johnson & White Wealth Management LLC increased its holdings in PepsiCo by 14.3% in the fourth quarter. Johnson & White Wealth Management LLC now owns 6,156 shares of the company’s stock worth $883,000 after buying an additional 768 shares during the last quarter. Berman McAleer LLC raised its position in PepsiCo by 30.0% during the fourth quarter. Berman McAleer LLC now owns 2,956 shares of the company’s stock valued at $424,000 after acquiring an additional 683 shares in the last quarter. Pinnacle Associates Ltd. lifted its stake in PepsiCo by 8.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 188,641 shares of the company’s stock valued at $27,074,000 after acquiring an additional 14,333 shares during the last quarter. Finally, Berkeley Capital Partners LLC grew its position in PepsiCo by 2.3% in the fourth quarter. Berkeley Capital Partners LLC now owns 5,433 shares of the company’s stock worth $780,000 after acquiring an additional 120 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $148.67 on Friday. The firm has a market capitalization of $203.20 billion, a PE ratio of 23.34, a PEG ratio of 2.74 and a beta of 0.38. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The firm’s fifty day simple moving average is $155.55 and its 200 day simple moving average is $152.44.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.48 earnings per share. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo announced that its board has authorized a stock repurchase plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is currently 89.32%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. Wells Fargo & Company increased their target price on shares of PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. HSBC raised their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Piper Sandler upped their price target on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Finally, TD Cowen increased their price objective on PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, February 20th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $170.37.

Get Our Latest Research Report on PepsiCo

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: Wall Street-focused coverage highlighted PepsiCo as one of the better stocks to own in falling markets, reinforcing its reputation as a defensive consumer staples name that can attract buyers during risk-off trading. Here’s Why Pepsi (PEP) is Among the 10 Best Stocks to Buy in Falling Markets According to Wall Street Analysts
Positive Sentiment: PepsiCo announced a new collaboration with TalusAg to advance fertilizer decarbonization across its agricultural supply chain, which could support its ESG profile and appeal to sustainability-minded investors. PepsiCo’s Fertilizer Decarbonization Push And What It Means For Investors
Neutral Sentiment: Separate coverage also noted PepsiCo’s sustainability push and public climate-action messaging, but this appears more like a long-term brand and operations story than an immediate stock catalyst. PepsiCo’s Fertilizer Decarbonization Push And What It Means For Investors
Neutral Sentiment: New federal legislation on recycled-material claims could affect how PepsiCo markets packaging and sustainability claims, but the bill is still proposed and its financial impact is uncertain. New Bill: Representative Nicholas A. Langworthy introduces H.R. 7502: Recycled Materials Attribution Act of 2026

PepsiCo Profile

(Free Report)

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.