Lcnb Corp Sells 5,800 Shares of PepsiCo, Inc. $PEP

Lcnb Corp lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 36.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,311 shares of the company’s stock after selling 5,800 shares during the period. Lcnb Corp’s holdings in PepsiCo were worth $1,448,000 at the end of the most recent reporting period.

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

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: TD Cowen raised its price target to $165 (from $162), kept a Hold rating and cited management’s “turnaround” color and reiterated 2026 targets — a near-term catalyst supporting investor confidence. TD Cowen Lifts PT on PepsiCo (PEP) to $165 From $162 – Here’s Why
• Positive Sentiment: PepsiCo is pushing brand and product momentum with new marketing (Sting’s sonic branding tied to cricket) and limited-edition flavors (three Super Mario Galaxy–themed drinks), which can boost short-term volumes and consumer engagement. PepsiCo’s Sting bets on sonic branding as it turns cricket’s sixes into sound PepsiCo releases three new out-of-this-world flavors inspired by Super Mario Galaxy
• Positive Sentiment: PepsiCo is accelerating functional beverages and snacks to capture health-driven growth beyond traditional soda/snack categories — a strategic growth lever investors view positively for margin expansion and revenue diversification. Can Functional Snacks and Drinks Power PepsiCo’s Next Leg Up?
• Neutral Sentiment: PepsiCo expanded retail reach in Pakistan via a partnership with Mehmood Pharmacy — a local distribution play that helps top-line growth in an emerging market but is unlikely to move global margins materially near term. PepsiCo International Announces Strategic Partnership with Mehmood Pharmacy to Strengthen Retail Presence in Pakistan
• Neutral Sentiment: Industry coverage highlights a $330bn functional-food trend that big CPGs (including PepsiCo) are backing — supportive for long-term thesis but not an immediate earnings swing. Inside the $330bn functional food frenzy fuelled by PepsiCo, Coke & Nestlé
• Negative Sentiment: Reports say major packaged-food companies, including PepsiCo, have cut or extended price reductions to counter falling volumes as grocery bills climbed — this can boost near-term volumes but compresses margins and earnings per share. Foodmakers Slash Prices After Grocery Bills Climb 26%
• Negative Sentiment: Zacks cut FY2026 EPS estimates for PepsiCo, signaling analyst skepticism about near-term margin recovery and growth pacing — a direct headwind to valuation. FY2026 EPS Estimates for PepsiCo Decreased by Zacks Research

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PEP. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Friday, January 9th. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. BNP Paribas Exane set a $191.00 target price on PepsiCo in a research note on Wednesday, February 4th. Argus upgraded PepsiCo to a “hold” rating in a report on Tuesday, February 17th. Finally, Morgan Stanley boosted their price objective on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $168.00.

PepsiCo Price Performance

PepsiCo stock opened at $168.32 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company’s 50 day moving average price is $151.59 and its two-hundred day moving average price is $148.20. The stock has a market cap of $230.03 billion, a P/E ratio of 28.05, a P/E/G ratio of 3.16 and a beta of 0.40. The company has a quick ratio of 0.67, a current ratio of 0.85 and a debt-to-equity ratio of 2.06.

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

PepsiCo declared that its board has authorized a share buyback plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 6th. PepsiCo’s payout ratio is 94.83%.

PepsiCo Company 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.