Huntington National Bank Has $46.55 Million Stock Holdings in PepsiCo, Inc. $PEP

Huntington National Bank trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.7% in the third quarter, Holdings Channel reports. The firm owned 331,463 shares of the company’s stock after selling 27,504 shares during the quarter. Huntington National Bank’s holdings in PepsiCo were worth $46,551,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Pinnacle Associates Ltd. lifted its stake in PepsiCo by 9.7% in the 2nd quarter. Pinnacle Associates Ltd. now owns 152,193 shares of the company’s stock valued at $20,096,000 after purchasing an additional 13,517 shares during the last quarter. Clayton Financial Group LLC bought a new stake in PepsiCo in the third quarter valued at approximately $872,000. Avantax Advisory Services Inc. boosted its stake in shares of PepsiCo by 2.6% during the 2nd quarter. Avantax Advisory Services Inc. now owns 185,961 shares of the company’s stock worth $24,554,000 after acquiring an additional 4,627 shares during the period. Kathmere Capital Management LLC lifted its holdings in PepsiCo by 122.6% during the 3rd quarter. Kathmere Capital Management LLC now owns 20,365 shares of the company’s stock valued at $2,860,000 after purchasing an additional 11,217 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of PepsiCo by 11.7% during the 2nd quarter. Invesco Ltd. now owns 12,659,046 shares of the company’s stock worth $1,671,500,000 after buying an additional 1,330,888 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo is launching its Poppi soda brand in the UK — its first rollout outside the U.S. — which broadens international growth avenues for a fast‑growing beverage SKU and leverages local bottler Carlsberg Britvic for production and distribution. poppi lands in the UK
• Positive Sentiment: Dividend narrative remains supportive: coverage pieces continue to highlight PepsiCo’s long dividend track record and yield profile, attracting income‑focused investors and providing a defensive valuation underpin. Dividend King coverage
• Positive Sentiment: Management/marketing moves and digital push — PepsiCo elevated Mira Medhat to a regional beverages marketing role and is leaning into social media influencers (TikTok) to drive brand buzz, indicating active investment in demand creation for beverage SKUs. Marketing director promotion
• Neutral Sentiment: Investor attention metrics: tools and sites (Zacks/other screens) show elevated interest in PEP — higher searches can increase short‑term liquidity and volatility but are not directional on fundamentals. Zacks investor interest
• Neutral Sentiment: Nearby competitor/asset news — Celsius Holdings reported strong results after acquiring Rockstar (previously part of PepsiCo). Celsius strength is an industry datapoint but doesn’t directly change PepsiCo’s core beverage economics. Celsius earnings and Rockstar note
• Negative Sentiment: PepsiCo will close a Frito‑Lay warehouse in Rancho Cucamonga, CA, laying off ~248 workers — a cost/supply‑chain action that reduces capacity and creates short‑term disruption and local PR/ESG scrutiny. Frito‑Lay warehouse closure
• Negative Sentiment: Short interest rose sharply in February (≈25% increase month‑over‑month) — a higher short base can amplify downside risk and volatility if negative news or earnings miss occurs. (Data reported in market summaries.)
• Negative Sentiment: Proxy/ESG issue: a shareholder action over animal welfare was halted after PepsiCo relented on a demand — the resolution removes litigation uncertainty but signals concession on an ESG matter, which may concern some investors. Animal welfare proxy suit halted

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PEP shares. HSBC increased their target price on PepsiCo from $152.00 to $175.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Friday, January 9th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $164.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Argus upgraded PepsiCo to a “hold” rating in a research report on Tuesday, February 17th. Eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $168.00.

PepsiCo Stock Up 1.3%

Shares of NASDAQ PEP opened at $169.74 on Friday. The company has a market cap of $231.98 billion, a price-to-earnings ratio of 28.29, a PEG ratio of 3.21 and a beta of 0.40. The company has a current ratio of 0.85, a quick ratio of 0.67 and a debt-to-equity ratio of 2.06. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The stock has a 50-day moving average price of $153.15 and a two-hundred day moving average price of $148.82.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. The company had revenue of $29.34 billion for 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 firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.96 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo declared that its board has approved a stock repurchase plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the company to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

PepsiCo Announces Dividend

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

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.