OLD National Bancorp IN Cuts Holdings in PepsiCo, Inc. $PEP

OLD National Bancorp IN trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,385 shares of the company’s stock after selling 3,518 shares during the quarter. OLD National Bancorp IN’s holdings in PepsiCo were worth $8,523,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. AQR Capital Management LLC increased its position in shares of PepsiCo by 120.7% during the third quarter. AQR Capital Management LLC now owns 5,916,417 shares of the company’s stock worth $830,902,000 after purchasing an additional 3,235,726 shares in the last quarter. Amundi increased its position in shares of PepsiCo by 30.0% during the third quarter. Amundi now owns 8,641,588 shares of the company’s stock worth $1,207,230,000 after purchasing an additional 1,995,362 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 worth $364,861,000 after purchasing an additional 1,565,883 shares in the last quarter. SG Americas Securities LLC increased its position in shares of PepsiCo by 406.0% during the fourth quarter. SG Americas Securities LLC now owns 1,789,959 shares of the company’s stock worth $256,895,000 after purchasing an additional 1,436,216 shares in the last quarter. Finally, ING Groep NV increased its position in shares of PepsiCo by 100.8% during the third quarter. ING Groep NV now owns 2,231,302 shares of the company’s stock worth $313,364,000 after purchasing an additional 1,120,343 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Strategic AI partnership with Google Cloud announced to accelerate AI across PepsiCo’s supply chain and operations—investors view this as a productivity and margin catalyst that supports faster insight-to-action at scale. PepsiCo Deepens AI Capabilities with Google Cloud
• Positive Sentiment: Coverage by Benzinga highlighted the Google Cloud deal as a near-term reason for share gains, linking the partnership directly to investors’ improved view on PepsiCo’s supply-chain and AI-driven efficiency plans. PepsiCo Gains As Google Cloud Partnership Boosts AI, Supply Chain Plans
• Positive Sentiment: Jim Cramer mentioned an upcoming Pepsi product as “potentially hot,” bringing retail attention and short‑term sentiment lift; media mentions from high-profile commentators can amplify buying interest. Jim Cramer Reveals Potentially Hot Upcoming Pepsi (PEP) Product
• Positive Sentiment: Gatorade launched a global “Is It In You?” football campaign ahead of major competitions—an aggressive marketing push for a core brand that can support volume and international momentum. GATORADE ASSERTS THERE ARE NO SHORTCUTS TO GREATNESS IN NEW ‘IS IT IN YOU?’ GLOBAL FOOTBALL CAMPAIGN
• Positive Sentiment: Quaker expanded its portfolio with a new protein rice crisps product—aligns with consumer trends for higher-protein, better-for-you snacks and supports PepsiCo’s foods portfolio evolution. QUAKER® EXPANDS PORTFOLIO WITH NEW PROTEIN RICE CRISPS OFFERING GOOD SOURCE OF PROTEIN (6G PROTEIN) AND 9G WHOLE GRAINS PER SERVING
• Neutral Sentiment: PepsiCo announced a virtual annual shareholder meeting webcast for May 6—standard disclosure and a governance touchpoint but unlikely to move fundamentals. PepsiCo Announces Webcast of Annual Meeting of Shareholders
• Neutral Sentiment: PepsiCo selected Carlsberg as its bottling/distribution partner in Northern Europe (effective 2029); this restructures regional execution and may improve scale, but benefits are multi-year and gradual. PepsiCo Hands Northern Europe Bottling To Carlsberg What It Means For Investors
• Neutral Sentiment: A comparative piece on Coca‑Cola vs. PepsiCo reviews decade-long performance; useful context for investors but not an immediate catalyst for PEP stock movement. Got 5,000? Coca-Cola vs. PepsiCo – One Has Quietly Outperformed for a Decade
• Negative Sentiment: Reporting on PepsiCo India highlights a farm-to-shelf overhaul amid rising costs and changing consumer demand—signals regional cost pressure and execution risk that could weigh on margins if not offset by pricing or efficiency. Inside PepsiCo India’s farm-to-shelf overhaul amid rising costs, shifting consumer demand

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Piper Sandler upped their price target on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Citigroup boosted their price objective on shares of PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $170.26.

PepsiCo Trading Up 1.2%

Shares of NASDAQ:PEP opened at $155.70 on Friday. The business has a 50 day moving average of $158.82 and a two-hundred day moving average of $151.95. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $171.48. The company has a market capitalization of $212.81 billion, a PE ratio of 24.44, a PEG ratio of 2.82 and a beta of 0.40. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98.

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

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were given 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 3.7%. PepsiCo’s dividend payout ratio is currently 89.32%.

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.