Douglass Winthrop Advisors LLC Has $6.24 Million Stock Holdings in PepsiCo, Inc. $PEP

Douglass Winthrop Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 44,460 shares of the company’s stock after buying an additional 5,351 shares during the period. Douglass Winthrop Advisors LLC’s holdings in PepsiCo were worth $6,244,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.3% during the second quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after acquiring an additional 1,761,785 shares in the last quarter. State Street Corp lifted its position in PepsiCo by 1.6% in the 2nd quarter. State Street Corp now owns 58,419,849 shares of the company’s stock valued at $7,713,757,000 after acquiring an additional 920,045 shares in the last quarter. Geode Capital Management LLC boosted its stake in PepsiCo by 0.3% in the 2nd quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock worth $4,301,240,000 after purchasing an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 9.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock worth $3,833,406,000 after purchasing an additional 2,556,163 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of PepsiCo in the 2nd quarter valued at about $2,330,594,000. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. TD Cowen upped their price objective on PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Evercore boosted their target price on PepsiCo from $152.00 to $165.00 in a research note on Wednesday, February 4th. HSBC upped their price target on PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $164.00 to $176.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $168.50.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analyst upgrade and guidance lift: One Seeking Alpha note upgraded PEP to a Buy after Q4 results (5.6% revenue growth) and management’s 2026 guide calling for 2–4% organic revenue and 4–6% EPS growth — a sign the tariff and margin headwinds are receding and should support upside. PepsiCo: Headwinds Are Finally Retreating (Rating Upgrade)
• Positive Sentiment: Valuation argument for upside: Another Seeking Alpha piece reiterates a Buy, noting PEP trades under ~20x forward earnings and derives a ~$175 price target (~10% above recent levels) — supporting further gains if execution continues. PepsiCo: Shares Pop In Early 2026, Valuation Is Still Appealing
• Positive Sentiment: Short interest has meaningfully declined, removing some downside pressure — short interest fell ~29.7% in February to ~20.8M shares (?1.5% of float; ~3.1 days to cover), which reduces the risk of a short?squeeze driven volatility spike to the downside.
• Neutral Sentiment: Options?income idea: A Seeking Alpha piece pitches selling options on PEP for >10% yield as a tactical income trade — useful for yield?seeking investors but it reflects trading strategies rather than fundamentals. Sell Options On PepsiCo For A 10%+ Yield
• Neutral Sentiment: Analyst fair?value tweaks: Coverage notes the firm’s fair value estimate nudged to ~$170.8 and that analyst views are mixed — incremental changes, not a consensus rerating. How PepsiCo (PEP) Narrative Is Evolving Around 2026 Turnaround Goals And Fair Value
• Neutral Sentiment: Brand/marketing item: PepsiCo opened its first Lay’s?branded restaurant in Spain — a small?scale brand experiment that supports innovation but is unlikely to move near?term revenue materially. PepsiCo opens first Lay’s-branded restaurant in Spain
• Negative Sentiment: Peer outperformance: Coca?Cola (KO) has rallied sharply (~12.5% month) on durable pricing power and investor preference for beverage exposure, which can divert rotational flows away from PEP and pressure relative performance. Coca-Cola Stock Rises 12.5% in a Month: Buy the Rally or Wait?

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $160.15 on Thursday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The stock has a 50 day moving average price of $156.05 and a 200 day moving average price of $149.53. The stock has a market capitalization of $218.87 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 3.08 and a beta of 0.39. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.24 by $0.02. The firm had revenue of $29.34 billion for the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.96 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s dividend payout ratio is 94.83%.

PepsiCo declared that its board has authorized a stock repurchase program on Tuesday, February 3rd that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the company to purchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.