Fifth Third Bancorp Sells 11,692 Shares of PepsiCo, Inc. $PEP

Key Points

• Fifth Third Bancorp trimmed its stake in PepsiCo by 2% in Q4, selling 11,692 shares and ending the period with 569,877 shares valued at about $81.79 million.
• PepsiCo beat Q1 estimates with $1.61 EPS (vs. $1.55 expected) and $19.44 billion in revenue (up 8.5% year‑over‑year), and set FY2026 guidance of 8.465–8.628 EPS.
• The company remains shareholder‑friendly, paying a quarterly dividend of $1.4225 (annualized $5.69, a 3.6% yield) and authorizing a $10 billion share repurchase program (up to ~4.7% of shares).

Fifth Third Bancorp trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 569,877 shares of the company's stock after selling 11,692 shares during the period. Fifth Third Bancorp's holdings in PepsiCo were worth $81,789,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of PepsiCo in the first quarter worth $251,000. Sivia Capital Partners LLC boosted its position in shares of PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company's stock worth $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. grew its stake in PepsiCo by 10.1% during the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock valued at $5,039,000 after acquiring an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. increased its holdings in PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company's stock valued at $70,789,000 after acquiring an additional 167,707 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock opened at $158.49 on Friday. The company's 50-day moving average price is $157.96 and its 200-day moving average price is $152.40. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The company has a market cap of $216.62 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 2.84 and a beta of 0.40. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 16th. The company reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter last year, the firm earned $1.48 EPS. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.63 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were issued a $1.4225 dividend. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.6%. PepsiCo's payout ratio is 89.32%.

PepsiCo announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's leadership believes its shares are undervalued.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo deployed 50 electric delivery trucks in Fresno as part of a broader push to electrify its fleet, which can lower long‑term fuel & maintenance costs and supports ESG targets that many institutional investors value. Fresno PepsiCo rolls out 50 electric delivery trucks, aims to reduce emissions
• Positive Sentiment: PepsiCo led a multi‑partner renewable power pact and signed a 10‑year agreement to decarbonize its European value chain — a move that can reduce long‑run energy cost volatility and improve ESG credentials. PepsiCo leads renewable power pact with suppliers to decarbonise across Europe
• Positive Sentiment: Management outlined a 2026 growth plan emphasizing cost cuts and an innovation push — a clear signal it’s focusing on margin expansion and top‑line product innovation that could support earnings growth. PepsiCo sets 2026 growth plan with cost cuts, innovation push
• Positive Sentiment: Marketing/retail initiatives (e.g., Walmart Connect strategy) and recognition as a dividend "king" support brand strength and income investor appeal. PepsiCo CMO: Walmart Connect Turns Retail Media Into 'Launch Media'
• Neutral Sentiment: PepsiCo plans to end its bottling/distribution deal with Royal Unibrew in parts of Northern Europe by 2028 — this will change production and go‑to‑market arrangements and could create near‑term transition costs but may improve control/returns longer term. PepsiCo Bottling Shift In Northern Europe And What It Means For Valuation
• Neutral Sentiment: Tesla beginning mass production of Semi trucks is industry news that could affect fleet electrification options for PepsiCo (a potential supplier choice), but the near‑term impact on PepsiCo’s operations remains uncertain. Tesla finally gets Semi production moving at scale
• Negative Sentiment: A new consumer lawsuit alleges ultraprocessed packaged foods (naming PepsiCo among defendants) could be framed as addictive — a legal/regulatory risk that could increase litigation costs or marketing restrictions if similar suits gain traction. Food giants hit with consumer lawsuit calling ultraprocessed ingredients addictive
• Negative Sentiment: Erste Group trimmed FY2026/27 EPS estimates slightly — a modest analyst downgrade that can weigh on sentiment even if consensus remains broadly stable. Analyst estimate changes reported via MarketBeat

Analysts Set New Price Targets

Several research analysts have commented on PEP shares. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the company a "buy" rating in a report on Friday, April 17th. Royal Bank Of Canada reduced their target price on PepsiCo from $165.00 to $163.00 and set a "sector perform" rating on the stock in a report on Thursday, April 9th. BNP Paribas Exane increased their price target on PepsiCo from $191.00 to $195.00 and gave the company an "outperform" rating in a research note on Friday, April 17th. Weiss Ratings restated a "hold (c)" rating on shares of PepsiCo in a report on Wednesday, April 8th. Finally, Piper Sandler upped their price objective on PepsiCo from $172.00 to $181.00 and gave the stock an "overweight" rating in a report on Thursday, March 12th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $170.26.

PepsiCo Company 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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