PepsiCo, Inc. $PEP Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,385 shares of the company’s stock after selling 3,518 shares during the quarter. OLD National Bancorp IN’s holdings in PepsiCo were worth $8,523,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State Street Corp increased its holdings in shares of PepsiCo by 1.8% in the third quarter. State Street Corp now owns 59,499,819 shares of the company’s stock valued at $8,356,155,000 after purchasing an additional 1,079,970 shares during the last quarter. Invesco Ltd. increased its holdings in shares of PepsiCo by 7.6% in the third quarter. Invesco Ltd. now owns 13,617,747 shares of the company’s stock valued at $1,912,476,000 after purchasing an additional 958,701 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of PepsiCo by 1.3% in the third quarter. Legal & General Group Plc now owns 8,902,664 shares of the company’s stock valued at $1,250,290,000 after purchasing an additional 118,286 shares during the last quarter. Amundi increased its holdings in shares of PepsiCo by 30.0% in the third quarter. Amundi now owns 8,641,588 shares of the company’s stock valued at $1,207,230,000 after purchasing an additional 1,995,362 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of PepsiCo by 2.0% in the third quarter. Fisher Asset Management LLC now owns 8,112,038 shares of the company’s stock valued at $1,139,255,000 after purchasing an additional 155,636 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Strategic AI partnership with Google Cloud announced to accelerate AI across PepsiCo’s supply chain and operations—investors view this as a productivity and margin catalyst that supports faster insight-to-action at scale. PepsiCo Deepens AI Capabilities with Google Cloud
• Positive Sentiment: Coverage by Benzinga highlighted the Google Cloud deal as a near-term reason for share gains, linking the partnership directly to investors’ improved view on PepsiCo’s supply-chain and AI-driven efficiency plans. PepsiCo Gains As Google Cloud Partnership Boosts AI, Supply Chain Plans
• Positive Sentiment: Jim Cramer mentioned an upcoming Pepsi product as “potentially hot,” bringing retail attention and short‑term sentiment lift; media mentions from high-profile commentators can amplify buying interest. Jim Cramer Reveals Potentially Hot Upcoming Pepsi (PEP) Product
• Positive Sentiment: Gatorade launched a global “Is It In You?” football campaign ahead of major competitions—an aggressive marketing push for a core brand that can support volume and international momentum. GATORADE ASSERTS THERE ARE NO SHORTCUTS TO GREATNESS IN NEW ‘IS IT IN YOU?’ GLOBAL FOOTBALL CAMPAIGN
• Positive Sentiment: Quaker expanded its portfolio with a new protein rice crisps product—aligns with consumer trends for higher-protein, better-for-you snacks and supports PepsiCo’s foods portfolio evolution. QUAKER® EXPANDS PORTFOLIO WITH NEW PROTEIN RICE CRISPS OFFERING GOOD SOURCE OF PROTEIN (6G PROTEIN) AND 9G WHOLE GRAINS PER SERVING
• Neutral Sentiment: PepsiCo announced a virtual annual shareholder meeting webcast for May 6—standard disclosure and a governance touchpoint but unlikely to move fundamentals. PepsiCo Announces Webcast of Annual Meeting of Shareholders
• Neutral Sentiment: PepsiCo selected Carlsberg as its bottling/distribution partner in Northern Europe (effective 2029); this restructures regional execution and may improve scale, but benefits are multi-year and gradual. PepsiCo Hands Northern Europe Bottling To Carlsberg What It Means For Investors
• Neutral Sentiment: A comparative piece on Coca‑Cola vs. PepsiCo reviews decade-long performance; useful context for investors but not an immediate catalyst for PEP stock movement. Got 5,000? Coca-Cola vs. PepsiCo – One Has Quietly Outperformed for a Decade
• Negative Sentiment: Reporting on PepsiCo India highlights a farm-to-shelf overhaul amid rising costs and changing consumer demand—signals regional cost pressure and execution risk that could weigh on margins if not offset by pricing or efficiency. Inside PepsiCo India’s farm-to-shelf overhaul amid rising costs, shifting consumer demand

PepsiCo Stock Performance

NASDAQ:PEP opened at $155.70 on Friday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The stock has a market cap of $212.81 billion, a PE ratio of 24.44, a price-to-earnings-growth ratio of 2.82 and a beta of 0.40. The firm’s fifty day simple moving average is $158.82 and its 200-day simple moving average is $151.95. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 16th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.PepsiCo’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period last year, the business posted $1.48 EPS. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. Analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo announced that its board has initiated a stock repurchase program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 4.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th were issued 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 is 89.32%.

Analysts Set New Price Targets

Several research analysts recently weighed in on PEP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. BNP Paribas Exane upped 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. Citigroup upped their price target on PepsiCo from $170.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. UBS Group decreased their price target on PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. 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 stock. According to MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target 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.