Northwestern Mutual Wealth Management Co. lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 37.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 146,396 shares of the company’s stock after selling 88,373 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in PepsiCo were worth $21,011,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $29,000. Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Strategic Advocates LLC acquired a new stake in PepsiCo in the 3rd quarter valued at approximately $33,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $33,000. Finally, Highline Wealth Partners LLC increased its holdings in PepsiCo by 56.3% in the 4th quarter. Highline Wealth Partners LLC now owns 250 shares of the company’s stock valued at $36,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.
More PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Analysts and market commentary suggest PepsiCo’s recent portfolio reset could accelerate growth, with affordability, innovation, and productivity helping drive better volume trends in North America Foods and supporting a stronger 2026 outlook. Article Title
- Positive Sentiment: Some bullish commentary argues PepsiCo’s shares may still have room to run after a recent pullback, citing a strong first quarter and the possibility that the stock’s rally is just getting started. Article Title
- Neutral Sentiment: PepsiCo is being discussed as a possible beneficiary of the “permissible snacking” trend, which could broaden demand for its snack portfolio if consumers keep favoring healthier convenience foods. Article Title
- Neutral Sentiment: A comparison article highlighted that PepsiCo’s revenue can swing more seasonally than Coca-Cola’s, which reinforces PepsiCo’s more variable quarterly pattern but does not point to a fresh catalyst by itself. Article Title
- Negative Sentiment: Wells Fargo lowered its price target on PepsiCo to $160 from $165 while keeping an equal-weight rating, signaling more limited upside in the near term despite still implying some gain from current levels. Article Title
- Negative Sentiment: Some valuation-focused commentary says PepsiCo looks fairly priced rather than cheap versus peers, which may temper enthusiasm for buyers seeking a deeper discount. Article Title
PepsiCo Price Performance
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. During the same period in the prior year, the company earned $1.48 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current year.
PepsiCo announced that its Board of Directors has approved a share 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 board believes its shares are undervalued.
PepsiCo Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio is currently 89.32%.
Analyst Upgrades and Downgrades
Several brokerages have commented on PEP. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. The Goldman Sachs Group boosted their target price on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Barclays boosted their target price on shares of PepsiCo from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. UBS Group lowered their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Finally, HSBC boosted their target price on shares of PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Eight research 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 stock has an average rating of “Hold” and an average target price of $170.11.
View Our Latest Report on PepsiCo
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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