PNC Financial Services Group Inc. Has $578.84 Million Holdings in PepsiCo, Inc. $PEP

PNC Financial Services Group Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,033,169 shares of the company’s stock after selling 258,220 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PepsiCo were worth $578,840,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in PEP. AQR Capital Management LLC grew its stake in PepsiCo by 120.7% in the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock valued at $830,902,000 after acquiring an additional 3,235,726 shares during the period. Amundi boosted its holdings in PepsiCo by 30.0% during the 3rd quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after acquiring an additional 1,995,362 shares during the last quarter. Vanguard Group Inc. grew its position in PepsiCo by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 138,483,870 shares of the company’s stock worth $19,875,205,000 after purchasing an additional 1,612,652 shares in the last quarter. Caisse de depot et placement du Quebec increased its position in shares of PepsiCo by 151.7% during the third quarter. Caisse de depot et placement du Quebec now owns 2,597,986 shares of the company’s stock valued at $364,861,000 after acquiring an additional 1,565,883 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of PepsiCo by 406.0% during the 4th quarter. SG Americas Securities LLC now owns 1,789,959 shares of the company’s stock valued at $256,895,000 after purchasing an additional 1,436,216 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Analysts and market commentary suggest PepsiCo’s recent portfolio reset could accelerate growth, with affordability, innovation, and productivity helping drive better volume trends in North America Foods and supporting a stronger 2026 outlook. Article Title
• Positive Sentiment: Some bullish commentary argues PepsiCo’s shares may still have room to run after a recent pullback, citing a strong first quarter and the possibility that the stock’s rally is just getting started. Article Title
• Neutral Sentiment: PepsiCo is being discussed as a possible beneficiary of the “permissible snacking” trend, which could broaden demand for its snack portfolio if consumers keep favoring healthier convenience foods. Article Title
• Neutral Sentiment: A comparison article highlighted that PepsiCo’s revenue can swing more seasonally than Coca-Cola’s, which reinforces PepsiCo’s more variable quarterly pattern but does not point to a fresh catalyst by itself. Article Title
• Negative Sentiment: Wells Fargo lowered its price target on PepsiCo to $160 from $165 while keeping an equal-weight rating, signaling more limited upside in the near term despite still implying some gain from current levels. Article Title
• Negative Sentiment: Some valuation-focused commentary says PepsiCo looks fairly priced rather than cheap versus peers, which may temper enthusiasm for buyers seeking a deeper discount. Article Title

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Royal Bank Of Canada decreased 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. HSBC boosted their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Argus upgraded PepsiCo to a “hold” rating in a report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $170.11.

PepsiCo Stock Performance

NASDAQ:PEP opened at $150.37 on Wednesday. The stock has a 50-day simple moving average of $154.84 and a two-hundred day simple moving average of $152.44. The firm has a market capitalization of $205.52 billion, a PE ratio of 23.61, a P/E/G ratio of 2.70 and a beta of 0.38. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the firm earned $1.48 earnings per share. Analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 annualized dividend and a dividend yield of 3.9%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio is presently 89.32%.

PepsiCo announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.