Fifth Third Bancorp Buys 456,941 Shares of PepsiCo, Inc. $PEP

Fifth Third Bancorp boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 80.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,026,818 shares of the company’s stock after purchasing an additional 456,941 shares during the quarter. Fifth Third Bancorp’s holdings in PepsiCo were worth $159,455,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PEP. Auto Owners Insurance Co raised its stake in shares of PepsiCo by 14,857.8% during the 4th quarter. Auto Owners Insurance Co now owns 49,252,907 shares of the company’s stock worth $7,068,777,000 after acquiring an additional 48,923,629 shares in the last quarter. Norges Bank acquired a new stake in PepsiCo in the fourth quarter valued at approximately $3,018,813,000. Diamant Asset Management Inc. grew its holdings in PepsiCo by 16,146.5% in the first quarter. Diamant Asset Management Inc. now owns 3,586,423 shares of the company’s stock worth $556,936,000 after purchasing an additional 3,564,348 shares during the last quarter. AQR Capital Management LLC increased its position in shares of PepsiCo by 120.7% during the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after purchasing an additional 3,235,726 shares in the last quarter. Finally, Amundi lifted its holdings in shares of PepsiCo by 30.0% during the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after purchasing an additional 1,995,362 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PEP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Monday, July 6th. Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a research report on Friday. Rothschild & Co Redburn raised their price target on shares of PepsiCo from $130.00 to $132.00 in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $155.00 target price on PepsiCo in a research note on Friday. Finally, BNP Paribas Exane decreased their target price on PepsiCo from $195.00 to $183.00 and set an “outperform” rating for the company in a report on Wednesday. Seven analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $157.70.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s Q2 revenue topped Wall Street estimates, supported by stronger international growth and improved volumes in some markets.
• Positive Sentiment: The company reaffirmed its full-year guidance, which can help reassure investors that the turnaround plan is still on track.
• Positive Sentiment: PepsiCo’s long dividend track record remains a draw for income investors, with the company continuing its streak of annual increases.
• Neutral Sentiment: Several firms, including RBC, TD Cowen, Wells Fargo, Citi, and others, lowered price targets after the report, but most still kept neutral or hold-type ratings. Citi Analyst Downgrades PepsiCo Stock (PEP) Despite Q2 Beat, Slashes Target by 15%
• Neutral Sentiment: Analysts remain split between PepsiCo’s dividend/stability appeal and concerns about valuation, margin pressure, and a slow U.S. recovery. PepsiCo’s $200 Billion Stability Play Is Attracting Dividend Investors
• Negative Sentiment: Investors are worried that soft North American snack and beverage demand, plus higher commodity and fuel costs, could keep earnings momentum muted.
• Negative Sentiment: Media coverage compared PepsiCo unfavorably with Coca-Cola, highlighting market-share pressure and a more difficult turnaround narrative for PEP shares.

PepsiCo Stock Performance

PepsiCo stock traded down $0.48 during mid-day trading on Friday, hitting $137.38. The company had a trading volume of 9,071,253 shares, compared to its average volume of 9,517,085. The company has a current ratio of 0.93, a quick ratio of 0.72 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $187.77 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.77 and a beta of 0.36. The company’s fifty day moving average is $145.42 and its 200-day moving average is $151.46. PepsiCo, Inc. has a 12-month low of $133.75 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 9th. The company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.01. The company had revenue of $24.18 billion during the quarter, compared to analysts’ expectations of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.PepsiCo’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.59 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s payout ratio is 92.94%.

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.