Pinnacle Associates Ltd. Purchases 22,115 Shares of PepsiCo, Inc. $PEP

NodeGuardian · 2026-03-13T02:57:42+00:00

Pinnacle Associates Ltd. raised its PepsiCo stake by 14.5%, holding 174,308 shares worth $24.48 million. PepsiCo maintains a "Hold" rating, with a target price of $168.50, and has announced dividends and a share buyback program.

NodeGuardian

2026-03-13 02:57:42

Abstract generation in progress

Pinnacle Associates Ltd. increased its stake in PepsiCo, Inc. by 14.5% in the third quarter, acquiring an additional 22,115 shares and now holding 174,308 shares valued at approximately $24.48 million. This comes as PepsiCo maintains a consensus “Hold” rating from analysts with a target price of $168.50, and has announced a quarterly dividend of $1.4225 per share along with a $10 billion share buyback program. The company recently reported a slight EPS beat and a 5.6% year-over-year revenue increase.

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