PepsiCo, Inc. $PEP Stake Cut by Everett Harris & Co. CA

Everett Harris & Co. CA lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the third quarter, HoldingsChannel reports. The firm owned 349,124 shares of the company’s stock after selling 7,667 shares during the period. PepsiCo makes up about 0.5% of Everett Harris & Co. CA’s portfolio, making the stock its 25th biggest holding. Everett Harris & Co. CA’s holdings in PepsiCo were worth $44,241,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. BlackRock Inc. increased its position in shares of PepsiCo by 2.1% during the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock worth $16,015,363,000 after purchasing an additional 2,440,377 shares during the last quarter. State Street Corp grew its holdings in shares of PepsiCo by 1.7% in the second quarter. State Street Corp now owns 60,406,932 shares of the company’s stock valued at $8,179,099,000 after purchasing an additional 987,582 shares in the last quarter. Bank of America Corp DE increased its position in shares of PepsiCo by 0.6% during the first quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock worth $3,305,146,000 after acquiring an additional 133,325 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PepsiCo by 4.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company’s stock worth $1,600,114,000 after purchasing an additional 549,336 shares during the period. Finally, Amundi increased its stake in shares of PepsiCo by 16.8% during the first quarter. Amundi now owns 11,444,671 shares of the company’s stock worth $1,777,243,000 after buying an additional 1,647,506 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.9%

Shares of NASDAQ PEP opened at $133.79 on Friday. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76. The firm’s 50-day moving average is $133.59 and its two-hundred day moving average is $145.89. The company has a market capitalization of $182.32 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 3.96 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.05. The firm had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $24.95 billion. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. PepsiCo’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Insider Buying and Selling

In other PepsiCo news, Director Robert C. Pohlad purchased 184,646 shares of the firm’s stock in a transaction on Wednesday, October 14th. The shares were purchased at an average cost of $128.28 per share, with a total value of $23,686,388.88. Following the purchase, the director owned 433,009 shares in the company, valued at approximately $55,546,394.52. This represents a 74.35% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ramon Laguarta sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 21st. The shares were sold at an average price of $135.13, for a total transaction of $4,053,900.00. Following the completion of the sale, the chief executive officer owned 491,645 shares of the company’s stock, valued at approximately $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of PepsiCo in a research note on Thursday, October 8th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 6th. Barclays reduced their price objective on PepsiCo from $133.00 to $126.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $132.00 price objective on shares of PepsiCo in a research report on Friday, October 9th. Finally, BNP Paribas Exane reduced their price target on PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.28.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s shares trade at roughly 17 times earnings, near a six-year low relative to profits. Investors view the depressed valuation, a dividend yield above 4%, and the company’s Dividend King status as potential support for a recovery. PepsiCo Hasn’t Been This Cheap Relative to Earnings in 6 Years
• Positive Sentiment: Analysts highlight PepsiCo’s broad beverage-and-snacks portfolio, international growth opportunities and defensive characteristics. Morningstar favors its recovery potential over Coca-Cola’s because of PEP’s cheaper valuation, while its dividend remains attractive to income-focused investors. Coca-Cola Vs. PepsiCo
• Positive Sentiment: PepsiCo is pursuing cost reductions, brand investment and product innovation through its North America reset, while international operations could provide an additional source of growth. PepsiCo’s North America Reset
• Positive Sentiment: Taco Bell’s decision to retain Mountain Dew Baja Blast supports the durability of PepsiCo’s restaurant partnerships and beverage brands, although the impact on overall earnings is likely limited. Taco Bell Mountain Dew Decision
• Neutral Sentiment: Investor commentary is focused on whether PepsiCo’s cash generation, dividend and defensive brand portfolio can offset slower growth, making the stock more appealing to income investors than to investors seeking rapid earnings expansion. Should You Buy PepsiCo Stock For Its Cash?
• Negative Sentiment: The primary pressure remains PepsiCo’s stagnant North American business. The company has reportedly cut prices by as much as 15% to win back cost-conscious consumers, potentially supporting volume but weighing on margins and signaling weaker pricing power. Why Is PepsiCo Stock Falling?
• Negative Sentiment: PepsiCo has lost roughly one-third of its value from its 2023 peak, and an activist investor is now involved. Investors remain cautious about how quickly management can restore growth, while the company’s substantial debt adds to the risk profile. PepsiCo Stock Decline and Activist Investor

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.

The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.