PNC Financial Services Group Inc. Buys 225,853 Shares of PepsiCo, Inc. $PEP

PNC Financial Services Group Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,291,389 shares of the company’s stock after purchasing an additional 225,853 shares during the period. PNC Financial Services Group Inc.’s holdings in PepsiCo were worth $602,683,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Evolution Wealth Management Inc. acquired a new position in PepsiCo during the 2nd quarter worth approximately $27,000. JCIC Asset Management Inc. bought a new stake in shares of PepsiCo in the third quarter worth $27,000. Vermillion & White Wealth Management Group LLC boosted its holdings in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC grew its position in PepsiCo by 667.7% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after purchasing an additional 207 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in PepsiCo during the 3rd quarter worth about $37,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.8%

PEP opened at $165.94 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. The stock’s fifty day simple moving average is $149.61 and its 200 day simple moving average is $147.12. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $171.48. The stock has a market cap of $226.78 billion, a PE ratio of 27.66, a price-to-earnings-growth ratio of 3.16 and a beta of 0.40.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Monday, February 2nd. The company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.24 by $0.02. The firm had revenue of $29.34 billion for the quarter, compared to the consensus estimate of $28.96 billion. PepsiCo had a net margin of 8.77% and a return on equity of 57.92%. The company’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.96 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.4%. PepsiCo’s dividend payout ratio (DPR) is 94.83%.

PepsiCo declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PEP shares. Citigroup raised their price objective on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Loop Capital set a $164.00 price target on PepsiCo in a research note on Thursday, October 23rd. Morgan Stanley upped their price objective on PepsiCo from $165.00 to $180.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 4th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $164.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Finally, Barclays upped their price target on shares of PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $167.68.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Barclays raised its price target to $160 after PepsiCo’s earnings (keeps an Equal Weight rating), reflecting model updates post‑report and supporting near‑term valuation. PepsiCo, Inc. (PEP) Price Target Increased to $160 at Barclays Post-Earnings Update
• Positive Sentiment: Analysts and pieces highlighting PepsiCo’s earnings quality and stability are bolstering investor comfort after the quarter — small EPS and revenue beats reinforce the company’s predictable cash generation. Investors Can Find Comfort In PepsiCo’s (NASDAQ:PEP) Earnings Quality
• Positive Sentiment: Momentum: PEP has rallied (~18–19% in 2026 according to coverage) on the earnings beat, brand strength and cross‑category momentum, which supports continued investor interest. PepsiCo Up 18% in a Month: Smart Entry Point or Wait for a Pullback?
• Positive Sentiment: Dividend narrative: coverage noting a peak dividend yield thesis and the stock’s income appeal is likely attracting yield‑focused buyers and long‑term holders. I Predicted That PepsiCo’s Dividend Yield Peaked at 4.4% Because the Dividend King Stock Was Too Cheap to Ignore. Here’s Why Pepsi Is Already Up 19% in 2026 and Could Still Be …
• Positive Sentiment: Product/brand move: PepsiCo is rebranding its Sunbites snack to emphasize fibre — a health positioning that can boost shelf relevance in growth categories. PepsiCo rebrands Sunbites to champion fibre content
• Neutral Sentiment: Some analysts remain cautious: a Seeking Alpha piece sees solid momentum into 2026 but still rates PEP a Hold, signaling mixed conviction among investors despite operational upside. PepsiCo: Solid Momentum Coming Into 2026, But I Still Rate It A Hold For Now
• Neutral Sentiment: Other analyst moves vary (one outlet shows a price‑target raise to $130), underscoring differing views on upside from here. PepsiCo (NASDAQ:PEP) Price Target Raised to $130.00
• Neutral Sentiment: Corporate/ESG: profile pieces about senior leaders expanding women’s careers in supply chain are positive for culture/ESG but unlikely to move near‑term stock performance. How a PepsiCo exec is paving careers for women in supply chains
• Neutral Sentiment: Sector flow: coverage of the Invesco Food & Beverage ETF (PBJ) notes the group’s resurgence; sector ETFs can amplify PEP moves but are a broader, non‑specific driver. After Stalling Out, PBJ May Be Finally Be Ready To Deliver For Investors
• Negative Sentiment: Debt issuance: PepsiCo launched a €2.5 billion euro‑denominated senior notes offering (multiple tranches), which increases gross debt and could weigh on leverage metrics that investors monitor. PepsiCo Issues €2.5 Billion Euro-Denominated Senior Notes

About PepsiCo

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.