Truist Financial Corp Sells 73,543 Shares of PepsiCo, Inc. $PEP

04 May 2026, 08:39 by Doug Wharley · The Cerbat Gem

Truist Financial Corp trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,032,141 shares of the company’s stock after selling 73,543 shares during the quarter. Truist Financial Corp owned 0.08% of PepsiCo worth $148,133,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PEP. JCIC Asset Management Inc. purchased a new position in shares of PepsiCo during the third quarter valued at $27,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo during the fourth quarter valued at $29,000. Imprint Wealth LLC purchased a new position in PepsiCo in the third quarter valued at about $31,000. Strategic Advocates LLC purchased a new position in PepsiCo in the third quarter valued at about $33,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on PEP shares. Morgan Stanley lifted their target price on PepsiCo from $165.00 to $180.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 4th. Argus upgraded PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. HSBC lifted their target price on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Deutsche Bank Aktiengesellschaft lifted their target price on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada cut their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 9th. Eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $170.26.

View Our Latest Analysis on PEP

PepsiCo Price Performance

Shares of PEP stock opened at $157.39 on Monday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48. The firm has a market capitalization of $215.11 billion, a price-to-earnings ratio of 24.71, a PEG ratio of 2.88 and a beta of 0.38. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock’s 50-day simple moving average is $157.96 and its 200-day simple moving average is $152.43.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Thursday, April 16th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. PepsiCo has set its FY 2026 guidance at 8.465-8.628 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo announced that its Board of Directors has authorized 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 stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.6%. PepsiCo’s payout ratio is presently 89.32%.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: PepsiCo signed a 10‑year virtual power purchase agreement with Statkraft to cut ~32,000 metric tons of CO2 annually across Europe — supports sustainability targets and may lower long‑term energy costs. PepsiCo inks 10-year renewable energy deal to cut emissions across Europe
Positive Sentiment: Zacks Research raised multiple near‑ and medium‑term EPS estimates (including FY2027 and FY2028), signaling improved analyst expectations for profitability. PepsiCo (PEP) analyst note (MarketBeat summary)
Positive Sentiment: PepsiCo is expanding electrification of distribution with a 50 electric delivery truck rollout in Fresno — incremental cost and emissions benefits and supports supply‑chain decarbonization narrative. Fresno PepsiCo rolls out 50 electric delivery trucks, aims to reduce emissions
Positive Sentiment: Company announced a 2026 growth plan focused on cost cuts and product innovation — potential margin improvement and revenue growth tailwinds if execution holds. PepsiCo sets 2026 growth plan with cost cuts, innovation push
Neutral Sentiment: Analyst and media pieces comparing Coca‑Cola vs. PepsiCo provide context for relative valuation and may drive short‑term trading but contain no new company‑specific catalysts. Coca-Cola vs. PepsiCo: Which Stock Is the Better Buy?
Neutral Sentiment: PepsiCo plans to end its bottling/distribution partnership with Royal Unibrew in parts of Northern Europe by 2028 — strategic operational change that will require new local arrangements (potential short‑term costs, long‑term control). PepsiCo Bottling Shift In Northern Europe And What It Means For Valuation
Negative Sentiment: PepsiCo apologised to South African consumers and pulled its ProNutro formula from shelves after a backlash — immediate reputational damage, potential regulatory scrutiny and lost sales in the market; this appears to be the most direct near‑term negative catalyst. PepsiCo apologises to South Africans and pulls ProNutro from shelves over formula backlash
Negative Sentiment: PepsiCo is named in a consumer lawsuit alleging ultraprocessed foods can be addictive — legal risk and reputational headlines that could pressure longer‑term consumer perception and marketing costs. Food giants hit with consumer lawsuit calling ultraprocessed ingredients addictive
Negative Sentiment: Erste Group trimmed FY2026/27 EPS estimates slightly — a small downward analyst revision that marginally reduces near‑term analyst sentiment. Erste Group Bank analyst note (MarketBeat summary)

PepsiCo Profile

(Free Report)

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.