M&T Bank Corp Trims Stock Position in PepsiCo, Inc. $PEP

M&T Bank Corp cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 93.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,735 shares of the company's stock after selling 988,888 shares during the quarter. M&T Bank Corp's holdings in PepsiCo were worth $9,721,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of PepsiCo by 120.7% in 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 period. Amundi raised its holdings in shares of PepsiCo by 30.0% in 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 period. Caisse de depot et placement du Quebec raised its holdings in shares of PepsiCo by 151.7% in 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 period. SG Americas Securities LLC raised its holdings in shares of PepsiCo by 406.0% in 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 period. Finally, ING Groep NV raised its holdings in shares of PepsiCo by 100.8% in the 3rd 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 during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $155.44 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The firm has a market cap of $212.45 billion, a P/E ratio of 24.40, a price-to-earnings-growth ratio of 2.85 and a beta of 0.40. The stock has a 50-day simple moving average of $158.61 and a 200-day simple moving average of $152.06.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 16th. The company reported $1.61 earnings per share (EPS) for the quarter, beating 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 business had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. During the same quarter last year, the firm earned $1.48 earnings per share. The company'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 analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

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

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid 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 3.7%. PepsiCo's dividend payout ratio (DPR) is 89.32%.

Key Headlines Impacting PepsiCo

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Argus upgraded PepsiCo to a "hold" rating in a report on Tuesday, February 17th. The Goldman Sachs Group raised their price objective on PepsiCo from $180.00 to $183.00 and gave the stock a "buy" rating in a report on Friday, April 17th. Piper Sandler raised 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. BNP Paribas Exane raised their price objective on PepsiCo from $191.00 to $195.00 and gave the stock an "outperform" rating in a report on Friday, April 17th. Finally, Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a report on Saturday, April 18th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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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