Comerica Bank Has $66.48 Million Stake in PepsiCo, Inc. $PEP

Key Points

• Comerica Bank trimmed its stake in PepsiCo by 4.1% to 463,242 shares (worth about $66.48 million), while other large institutions — notably Vanguard, AQR and Amundi — substantially increased positions, leaving institutional ownership near 73.1%.
• PepsiCo posted a Q1 beat (EPS $1.61 vs. $1.55; revenue $19.44B vs. $18.89B), set FY2026 guidance of $8.465–$8.628 EPS, and the board authorized a $10 billion share buyback while maintaining a quarterly dividend that annualizes to $5.69 (~3.7% yield).
• Management is pursuing strategic growth and margin supports — including a partnership with Google Cloud to accelerate AI across the supply chain, expansion of Gatorade and new Quaker SKUs, plus high‑visibility marketing — which bolster PepsiCo’s defensive, innovation‑driven positioning.

Comerica Bank trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 463,242 shares of the company's stock after selling 19,729 shares during the period. Comerica Bank's holdings in PepsiCo were worth $66,484,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC lifted its holdings in PepsiCo by 120.7% during the 3rd 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 during the last quarter. Amundi lifted 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 purchasing an additional 1,995,362 shares during the last quarter. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.2% during 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 during the last quarter. Caisse de depot et placement du Quebec lifted its holdings in PepsiCo by 151.7% during the 3rd 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 during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in PepsiCo by 406.0% during the 4th 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 during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a partnership with Google Cloud to accelerate AI across its supply chain, which could improve forecasting, reduce costs and support margins over time. PepsiCo partners with Google Cloud to boost AI supply chain
• Positive Sentiment: Management delivered a Q1 beat and is expanding Gatorade beyond traditional sports marketing — an earnings upside plus brand extension that supports near-term revenue and longer-term growth in the sports/functional beverage category. PepsiCo expands Gatorade beyond sports as Q1 earnings beat
• Positive Sentiment: PepsiCo broadened its Quaker snack lineup with Protein Rice Crisps, supporting the company’s shift into higher-growth, health-forward food SKUs that can offset soda volume pressure. PepsiCo expands Quaker portfolio with Protein Rice Crisps
• Positive Sentiment: Media pieces and screeners are flagging PEP as a defensive, “safe” stock amid geopolitical uncertainty — investor sentiment that can support multiples in volatile markets as Pepsi leans into health-focused brands and innovation. PepsiCo Inc. (PEP): Fortress for Capital Preservation Amid Geopolitical Instability
• Positive Sentiment: High-visibility promotion: Gatorade launched a global football campaign (“Is It In You?”) tied to elite athletes — a marketing push that can drive awareness and seasonal volume. GATORADE ASSERTS THERE ARE NO SHORTCUTS TO GREATNESS IN NEW 'IS IT IN YOU?' GLOBAL FOOTBALL CAMPAIGN
• Positive Sentiment: Celebrity/influencer attention: Jim Cramer highlighted a potentially strong upcoming Pepsi product, which can boost retail interest and short-term sentiment. Jim Cramer Reveals Potentially Hot Upcoming Pepsi Product
• Neutral Sentiment: Coverage comparing Coca‑Cola and PepsiCo reinforces the different growth profiles (Coke’s Zero Sugar momentum vs. PepsiCo’s international/foods mix) — useful for portfolio allocation but not an immediate catalyst. Got 5,000? Coca-Cola vs. PepsiCo – One Has Quietly Outperformed for a Decade
• Neutral Sentiment: Inclusion on “bear-market” and beginner-safe stock lists highlights defensive appeal; supports demand in risk-off environments but is not a near-term earnings driver. 5 Best Bear Market Stocks to Invest In Right Now
• Negative Sentiment: Analysis suggests PepsiCo’s conservative accounting may mask softer underlying results — a potential concern for investors parsing quality of earnings and near-term profit sustainability. PepsiCo's NASDAQ: PEP Conservative Accounting Might Explain Soft Earnings

PepsiCo Price Performance

PepsiCo stock opened at $155.44 on Monday. The stock's fifty day moving average price is $158.61 and its two-hundred day moving average price is $152.23. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. 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 firm has a market cap of $212.45 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 16th. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the company earned $1.48 EPS. The company's revenue was up 8.5% on a year-over-year basis. 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 EPS for the current fiscal year.

PepsiCo declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 3rd that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, March 6th. PepsiCo's dividend payout ratio (DPR) is 89.32%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Wells Fargo & Company lifted their price target on PepsiCo from $154.00 to $165.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 4th. Evercore lifted their price target on PepsiCo from $165.00 to $170.00 in a report on Friday, April 17th. Barclays lifted their price target on PepsiCo from $154.00 to $158.00 and gave the stock an "equal weight" rating in a report on Monday, April 20th. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a report on Wednesday, April 8th. Finally, Piper Sandler lifted their price target on PepsiCo from $172.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and an average target price of $170.26.

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.

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