Fifth Third Bancorp Sells 11,692 Shares of PepsiCo, Inc. $PEP

Fifth Third Bancorp cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 569,877 shares of the company’s stock after selling 11,692 shares during the quarter. Fifth Third Bancorp’s holdings in PepsiCo were worth $81,789,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in PEP. JCIC Asset Management Inc. bought a new stake in PepsiCo in the third quarter worth about $27,000. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $29,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo in the third quarter worth approximately $31,000. Strategic Advocates LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth approximately $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in PepsiCo during the 4th quarter valued at $33,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 2.1%

Shares of PepsiCo stock opened at $158.49 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The stock has a market cap of $216.62 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.84 and a beta of 0.40. The firm’s 50-day moving average is $157.96 and its two-hundred day moving average is $152.40. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, April 16th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same quarter in the previous year, the business posted $1.48 EPS. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were issued a dividend of $1.4225 per share. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.6%. PepsiCo’s dividend payout ratio is currently 89.32%.

PepsiCo declared that its board has approved a stock buyback program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 4.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of analysts have weighed in on PEP shares. JPMorgan Chase & Co. increased their target price on PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. UBS Group decreased their price objective on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. BNP Paribas Exane boosted their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Finally, Royal Bank Of Canada dropped their target price on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 9th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $170.26.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo deployed 50 electric delivery trucks in Fresno as part of a broader push to electrify its fleet, which can lower long‑term fuel & maintenance costs and supports ESG targets that many institutional investors value. Fresno PepsiCo rolls out 50 electric delivery trucks, aims to reduce emissions
• Positive Sentiment: PepsiCo led a multi‑partner renewable power pact and signed a 10‑year agreement to decarbonize its European value chain — a move that can reduce long‑run energy cost volatility and improve ESG credentials. PepsiCo leads renewable power pact with suppliers to decarbonise across Europe
• Positive Sentiment: Management outlined a 2026 growth plan emphasizing cost cuts and an innovation push — a clear signal it’s focusing on margin expansion and top‑line product innovation that could support earnings growth. PepsiCo sets 2026 growth plan with cost cuts, innovation push
• Positive Sentiment: Marketing/retail initiatives (e.g., Walmart Connect strategy) and recognition as a dividend “king” support brand strength and income investor appeal. PepsiCo CMO: Walmart Connect Turns Retail Media Into ‘Launch Media’
• Neutral Sentiment: PepsiCo plans to end its bottling/distribution deal with Royal Unibrew in parts of Northern Europe by 2028 — this will change production and go‑to‑market arrangements and could create near‑term transition costs but may improve control/returns longer term. PepsiCo Bottling Shift In Northern Europe And What It Means For Valuation
• Neutral Sentiment: Tesla beginning mass production of Semi trucks is industry news that could affect fleet electrification options for PepsiCo (a potential supplier choice), but the near‑term impact on PepsiCo’s operations remains uncertain. Tesla finally gets Semi production moving at scale
• Negative Sentiment: A new consumer lawsuit alleges ultraprocessed packaged foods (naming PepsiCo among defendants) could be framed as addictive — a legal/regulatory risk that could increase litigation costs or marketing restrictions if similar suits gain traction. Food giants hit with consumer lawsuit calling ultraprocessed ingredients addictive
• Negative Sentiment: Erste Group trimmed FY2026/27 EPS estimates slightly — a modest analyst downgrade that can weigh on sentiment even if consensus remains broadly stable. Analyst estimate changes reported via MarketBeat

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.