PepsiCo (PEP)

• Market cap: $195B
• 1 day: -0.84%
• 5 days: -1.28%
• 1 month: -2.86%
• 3 months: -4.28%
• 6 months: -17.75%
• Year to date: -5.29%
• 1 year: -16.91%
• 5 years: 9.21%
• 10 years: 48.61%
• Sector: Consumer Staples
• Industry: Beverages - Non-Alcoholic

About: PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets made up 40% of both total sales and operating profits in 2024.

Employees: 319,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

94% more first-time investments, than exits

New positions opened: 358 | Existing positions closed: 185

3% more funds holding

Funds holding: 3,297 [Q3] → 3,389 (+92) [Q4]

2.61% more ownership

Funds ownership: 72.24% [Q3] → 74.85% (+2.61%) [Q4]

5% less call options, than puts

Call options by funds: $1.61B | Put options by funds: $1.71B

5% less capital invested

Capital invested by funds: $168B [Q3] → $159B (-$8.92B) [Q4]

15% less funds holding in top 10

Funds holding in top 10: 72 [Q3] → 61 (-11) [Q4]

34% less repeat investments, than reductions

Existing positions increased: 1,068 | Existing positions reduced: 1,612

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $150 5% upside
• Avg. target: $161 13% upside
• High target: $170 19% upside

8 analyst ratings

• positive: 1 13%
• neutral: 7 88%
• negative: 0 0%

RBC Capital Nik Modi 52% 1-year accuracy 22 / 42 met price target	15% upside $163	Sector Perform Reiterated	22 Apr 2025
JP Morgan Andrea Teixeira 44% 1-year accuracy 28 / 64 met price target	12% upside $159	Neutral Maintained	21 Apr 2025
B of A Securities Bryan Spillane 35% 1-year accuracy 7 / 20 met price target	9% upside $155	Neutral Downgraded	15 Apr 2025
Barclays Lauren Lieberman 52% 1-year accuracy 48 / 92 met price target	10% upside $156	Equal-Weight Downgraded	18 Mar 2025
Jefferies Kaumil Gajrawala 24% 1-year accuracy 4 / 17 met price target	20% upside $170	Hold Downgraded	12 Mar 2025