US Bancorp DE Sells 56,977 Shares of PepsiCo, Inc. $PEP

US Bancorp DE decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,661,446 shares of the company’s stock after selling 56,977 shares during the period. US Bancorp DE owned 0.12% of PepsiCo worth $233,334,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in PEP. Evolution Wealth Management Inc. acquired a new stake in shares of PepsiCo in the second quarter worth $27,000. JCIC Asset Management Inc. bought a new position in PepsiCo in the 3rd quarter worth $27,000. Vermillion & White Wealth Management Group LLC lifted its position in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Halbert Hargrove Global Advisors LLC boosted its holdings in PepsiCo by 667.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 238 shares of the company’s stock valued at $33,000 after acquiring an additional 207 shares during the period. Finally, Manning & Napier Advisors LLC bought a new position in shares of PepsiCo in the third quarter worth about $37,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PEP. Citigroup increased their target price on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. BNP Paribas Exane set a $191.00 price objective on shares of PepsiCo in a research note on Wednesday, February 4th. Morgan Stanley upped their target price on shares of PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Evercore raised their price target on shares of PepsiCo from $152.00 to $165.00 in a research report on Wednesday, February 4th. Finally, Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $168.00.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $169.17 on Thursday. The firm has a market cap of $231.20 billion, a P/E ratio of 28.20, a price-to-earnings-growth ratio of 3.25 and a beta of 0.40. The firm’s 50-day simple moving average is $152.36 and its 200-day simple moving average is $148.52. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.67 and a current ratio of 0.85.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.02. The firm had revenue of $29.34 billion during the quarter, compared to analyst estimates 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 in the prior year, the business posted $1.96 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 annualized dividend and a yield of 3.4%. PepsiCo’s payout ratio is currently 94.83%.

PepsiCo announced that its Board of Directors has initiated a share repurchase program 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 stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo raised its dividend again (4%), extending a multi-decade payout streak — supports income investors and signals confidence in cash flow. PepsiCo raises dividend
• Positive Sentiment: PepsiCo tied regenerative farming research with the National Geographic Society to boost sustainable sourcing for snacks — can lower long-term input risk and support branded-snack growth. PepsiCo ties regenerative farming
• Positive Sentiment: New product collaboration (Jack Link’s x DORITOS® Nacho Cheese beef jerky/meat sticks) expands snack formats and co-branding opportunities in higher-margin snack categories. Jack Link’s and PepsiCo launch
• Positive Sentiment: Multiple reports highlight PepsiCo’s digital/AI scaling (enterprise tech report, Forbes feature) — technology and e‑commerce initiatives could drive efficiency and revenue expansion over time. PepsiCo’s digital/AI blueprint Enterprise Technology Analysis Report
• Positive Sentiment: Proxy suit over animal welfare was halted after PepsiCo relented on the shareholder proposal — removes a near-term governance/legal overhang and reduces activist uncertainty. Animal welfare proxy suit halted
• Neutral Sentiment: PepsiCo is pushing social engagement (TikTok creators) to boost brand relevance with younger consumers — marketing lift matters but is a medium-term play. PepsiCo turns to TikTok stars
• Neutral Sentiment: Industry comparisons: pieces comparing PepsiCo (diversified snacks + beverages) to Coca‑Cola and noting Keurig Dr Pepper’s strategic moves provide valuation and competitive context but aren’t immediate catalysts for PEP. PepsiCo vs. Coca‑Cola Keurig Dr Pepper split plan
• Negative Sentiment: Short interest jumped ~25.5% in February to ~29.7M shares (≈2.2% of float; 2.6 days to cover) — indicates some traders are positioning for downside or disappointed expectations, which can amplify near-term volatility.
• Negative Sentiment: Analyses note PepsiCo has underperformed the Nasdaq over the past year — relative weakness may attract more defensive positioning and weighs on sentiment until growth beats peers. Is PepsiCo underperforming?

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.