Keudell Morrison Wealth Management Makes New $674,000 Investment in PepsiCo, Inc. $PEP

Posted by Geri Gentry on May 22nd, 2026

Keudell Morrison Wealth Management acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,694 shares of the company’s stock, valued at approximately $674,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its holdings in shares of PepsiCo by 3.6% in the third quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock valued at $77,916,000 after purchasing an additional 19,218 shares during the period. Murphy Middleton Hinkle & Parker Inc. grew its holdings in shares of PepsiCo by 622.3% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock valued at $5,110,000 after purchasing an additional 30,674 shares during the period. Swiss Life Asset Management Ltd grew its holdings in shares of PepsiCo by 11.4% in the fourth quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock valued at $59,600,000 after purchasing an additional 42,335 shares during the period. Mediolanum International Funds Ltd grew its holdings in shares of PepsiCo by 19.3% in the third quarter. Mediolanum International Funds Ltd now owns 252,916 shares of the company’s stock valued at $35,451,000 after purchasing an additional 40,947 shares during the period. Finally, Townsquare Capital LLC grew its holdings in shares of PepsiCo by 96.5% in the third quarter. Townsquare Capital LLC now owns 40,383 shares of the company’s stock valued at $5,671,000 after purchasing an additional 19,829 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. Evercore upped their price objective on shares of PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Rothschild & Co Redburn upped their price objective on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Argus raised shares of PepsiCo to a “hold” rating in a report on Tuesday, February 17th. 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 stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $170.11.

Get Our Latest Stock Analysis on PepsiCo

PepsiCo Trading Down 0.3%

Shares of PEP stock opened at $148.85 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The firm has a market cap of $203.44 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.71 and a beta of 0.38. The company has a 50-day moving average of $154.36 and a two-hundred day moving average of $152.47. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. PepsiCo’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

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

PepsiCo announced that its Board of Directors has initiated a stock buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 4.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo and Varun Beverages extended their exclusive bottling agreement in India through 2049, giving PepsiCo greater distribution stability and more flexibility to grow in a key international market.
Positive Sentiment: PepsiCo announced new growth initiatives in Asia-Pacific and a regenerated agriculture partnership with LDC, both of which support the company’s sustainability efforts and supply-chain resilience.
Positive Sentiment: PepsiCo continues to push product innovation, including a new functional ready-to-drink tea, which may help offset slowing demand in some core snack categories.
Neutral Sentiment: PepsiCo India plans to invest about Rs 5,700 crore by 2030 to expand capacity, a sign of confidence in demand but also a longer-term capital commitment.
Neutral Sentiment: Analyst commentary and recent features suggest PepsiCo still has a credible growth story thanks to pricing power, distribution scale, and expansion into better-for-you products, but these articles do not point to a near-term earnings surprise.
Negative Sentiment: Reports that PepsiCo is raising prices on smaller chip bags highlight rising costs in the business and could increase consumer pushback, potentially pressuring volume growth.
Negative Sentiment: Cost inflation remains a concern, and the need for selective price increases suggests PepsiCo is still facing margin pressure in its U.S. snack business.

About PepsiCo

(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.