PepsiCo, Inc. $PEP Shares Sold by First American Bank

Key Points

• First American Bank trimmed its PepsiCo stake by 2.8%, selling 8,536 shares and leaving 298,114 shares valued at $42.79M, with PEP representing 2.6% of the bank’s portfolio (its 10th-largest holding).
• PepsiCo’s board authorized a $10 billion stock buyback (about 4.7% of shares) and paid a quarterly dividend of $1.4225 (annualized $5.69, ~3.6% yield), underscoring a focus on capital returns.
• The company slightly beat quarterly expectations (EPS $2.26 vs. $2.24; revenue $29.34B vs. $28.96B) while analysts remain mixed, with a consensus "Hold" and a $169 target amid recent price‑target changes.

First American Bank lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 298,114 shares of the company's stock after selling 8,536 shares during the period. PepsiCo makes up 2.6% of First American Bank's investment portfolio, making the stock its 10th biggest holding. First American Bank's holdings in PepsiCo were worth $42,785,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Brighton Jones LLC boosted its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of PepsiCo during the first quarter worth approximately $251,000. Sivia Capital Partners LLC raised 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 purchasing an additional 3,790 shares during the period. Schnieders Capital Management LLC. lifted its holdings in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company's stock worth $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC acquired a new stake in PepsiCo in the 2nd quarter valued at $86,000. Institutional investors own 73.07% of the company's stock.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: New product excitement: PepsiCo rolled out a highly anticipated soda flavor that has generated strong consumer buzz and social-media reaction, which can boost short-term retail demand and brand engagement. PepsiCo Just Dropped a Highly Anticipated Soda Flavor—and Fans Are 'Screaming' With Excitement
• Positive Sentiment: Brand refresh / marketing lift: PepsiCo began a Tostitos packaging and brand refresh — a low-capex way to refresh shelf appeal and support snack sales, especially ahead of seasonal demand. PepsiCo Begins Tostitos Brand Refresh, Introduces Updated Packaging
• Positive Sentiment: Income appeal remains intact: Coverage highlighting PepsiCo as one of three consistent dividend payers reinforces its defensive income profile for yield-seeking investors. That support can underwrite multiple expansions vs peers. 3 Consistent Dividend Payers Outperforming in 2026: VZ, PEP, MO
• Neutral Sentiment: Corporate reputation / leadership signal: A Fortune podcast feature highlighted PepsiCo as a "leadership factory" (ex-employee success stories), which supports long-term talent/operational strength but is more qualitative than immediately price-driving. 12 Fortune 500 CEOs worked for Pepsi. Delta’s Ed Bastian explains why it’s a leadership factory
• Neutral Sentiment: Emerging market commentary: A PepsiCo exec highlighted China’s dynamic consumer market — positive for growth narrative but not an immediate catalyst. PepsiCo executive highlights China's dynamic consumer market
• Neutral Sentiment: Regional bottler news: PepsiCo bottler Varun Beverages set a record date for its final dividend — relevant to regional franchise economics but indirect for PEP shares. PepsiCo bottler Varun Beverages final dividend: Record date announced
• Negative Sentiment: Analyst trim / industry pressure: Deutsche Bank cut its PepsiCo price target (from $176 to $169) and warned of mounting industry pressures — a reminder that margin and volume dynamics could limit upside and may weigh on sentiment despite a Buy rating. Deutsche Bank Sees Mounting Industry Pressures, Trims PepsiCo (PEP) Target

PepsiCo Stock Performance

Shares of PEP stock opened at $157.01 on Friday. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85. The company has a market capitalization of $214.62 billion, a price-to-earnings ratio of 26.17, a PEG ratio of 3.03 and a beta of 0.40. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48. The company has a 50-day simple moving average of $159.91 and a two-hundred day simple moving average of $150.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Monday, February 2nd. The company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.24 by $0.02. The firm had revenue of $29.34 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $1.96 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo declared that its board has authorized a stock buyback plan on Tuesday, February 3rd that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the company to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board believes its shares are undervalued.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, March 6th. PepsiCo's dividend payout ratio is 94.83%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PEP shares. Weiss Ratings restated a "hold (c)" rating on shares of PepsiCo in a report on Friday, January 9th. Wells Fargo & Company boosted their price objective on PepsiCo from $154.00 to $165.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 4th. Barclays increased their price objective on PepsiCo from $148.00 to $160.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 4th. Jefferies Financial Group lifted their target price on PepsiCo from $163.00 to $164.00 and gave the company a "hold" rating in a research report on Tuesday, December 9th. Finally, Piper Sandler upped 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 equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $169.00.

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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