PNC Financial Services Group Inc. Lowers Position in PepsiCo, Inc. $PEP

PNC Financial Services Group Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,972,068 shares of the company’s stock after selling 61,101 shares during the quarter. PNC Financial Services Group Inc.’s holdings in PepsiCo were worth $616,822,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Evergreen Advisors LLC acquired a new stake in shares of PepsiCo during the first quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $26,000. Swiss RE Ltd. acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $29,000. Finally, Imprint Wealth LLC purchased a new position in shares of PepsiCo during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $135.00 on Wednesday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. PepsiCo, Inc. has a 52 week low of $133.95 and a 52 week high of $171.48. The stock has a market capitalization of $184.26 billion, a PE ratio of 17.69, a P/E/G ratio of 2.97 and a beta of 0.36. The firm has a 50 day moving average of $142.91 and a two-hundred day moving average of $151.14.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 business had revenue of $24.18 billion for the quarter, compared to analyst estimates of $23.95 billion. PepsiCo had a return on equity of 54.63% and a net margin of 10.78%.The company’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 earnings per share. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.58 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Friday, September 4th. PepsiCo’s payout ratio is presently 77.59%.

Analyst Ratings Changes

PEP has been the topic of a number of research analyst reports. Rothschild & Co Redburn boosted their target price on PepsiCo from $130.00 to $132.00 in a research report on Monday, May 11th. TD Cowen lowered their price target on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a research report on Friday, July 10th. Morgan Stanley dropped their price objective on PepsiCo from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday, July 10th. BNP Paribas Exane decreased their target price on PepsiCo from $195.00 to $183.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 8th. Finally, Sanford C. Bernstein set a $134.00 target price on PepsiCo in a report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $157.90.

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.