US Bancorp DE Has $233.33 Million Holdings in PepsiCo, Inc. $PEP

US Bancorp DE trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% in the third quarter, HoldingsChannel reports. The firm owned 1,661,446 shares of the company’s stock after selling 56,977 shares during the period. US Bancorp DE’s holdings in PepsiCo were worth $233,334,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in PepsiCo by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 136,936,037 shares of the company’s stock worth $18,081,034,000 after acquiring an additional 1,761,785 shares during the last quarter. State Street Corp lifted its position in shares of PepsiCo by 1.6% during the second quarter. State Street Corp now owns 58,419,849 shares of the company’s stock worth $7,713,757,000 after purchasing an additional 920,045 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after purchasing an additional 86,695 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of PepsiCo by 9.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 29,031,404 shares of the company’s stock valued at $3,833,406,000 after purchasing an additional 2,556,163 shares in the last quarter. Finally, Norges Bank bought a new position in PepsiCo in the 2nd quarter worth approximately $2,330,594,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $169.17 on Thursday. The stock has a market cap of $231.20 billion, a PE ratio of 28.20, a price-to-earnings-growth ratio of 3.25 and a beta of 0.40. The stock has a 50-day moving average of $152.36 and a 200-day moving average of $148.52. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48.

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

PepsiCo announced that its board has approved a share buyback program on Tuesday, February 3rd that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 4.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

PepsiCo Dividend Announcement

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

Analyst Ratings Changes

Several research firms have recently commented on PEP. Barclays lifted their target price on PepsiCo from $148.00 to $160.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Jefferies Financial Group boosted their price objective on PepsiCo from $163.00 to $164.00 and gave the stock a “hold” rating in a report on Tuesday, December 9th. Argus raised shares of PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. BNP Paribas Exane set a $191.00 price target on shares of PepsiCo in a research note on Wednesday, February 4th. Finally, Wells Fargo & Company increased their price objective on shares of PepsiCo from $154.00 to $165.00 and gave the company an “equal weight” rating in a report on Wednesday, February 4th. Eight investment 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.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $168.00.

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?

About PepsiCo

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.