Calamos Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,188 shares of the company’s stock after buying an additional 3,806 shares during the period. Calamos Advisors LLC’s holdings in PepsiCo were worth $24,354,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of PEP. Evergreen Advisors LLC bought a new stake in shares of PepsiCo during the 1st quarter worth $25,000. Montgomery Financial Services LLC purchased a new position in PepsiCo in the second quarter valued at about $25,000. Next Level Wealth Planning LLC purchased a new position in PepsiCo in the third quarter valued at about $26,000. Atlatl Advisers LLC purchased a new stake in shares of PepsiCo during the 2nd quarter worth approximately $31,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of PepsiCo during the 2nd quarter worth approximately $31,000. 73.07% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently commented on PEP. Wells Fargo & Company dropped their price objective on PepsiCo from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, October 5th. TD Cowen decreased their target price on PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $132.00 target price on shares of PepsiCo in a research note on Friday, October 9th. BNP Paribas Exane dropped their price target on PepsiCo from $161.00 to $157.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Finally, Evercore cut their price target on PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.28.
Read Our Latest Stock Report on PepsiCo
Insider Buying and Selling
In other news, Director Robert Pohlad bought 184,646 shares of the stock in a transaction on Wednesday, October 14th. The shares were acquired at an average cost of $128.28 per share, for a total transaction of $23,686,388.88. Following the purchase, the director directly owned 433,009 shares of the company’s stock, valued at $55,546,394.52. This trade represents a 74.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was 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 in the company, valued at $66,435,988.85. This represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.12% of the company’s stock.
Key Stories Impacting PepsiCo
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo renewed its beverage partnership with KFC across eight international markets. The deal extends a longstanding relationship and could support sales and distribution as KFC expands internationally. PepsiCo Secures Renewal Across Select KFC International Markets
- Neutral Sentiment: A valuation analysis argues PEP could be undervalued, citing the KFC renewal and recent share performance. That is an analyst view, not a change to the company’s financial results. PepsiCo (PEP) Could Be 29% Undervalued Following Its KFC Deal Renewal
- Negative Sentiment: PepsiCo lowered its 2026 EPS growth outlook as North American margin pressures persist. Strong international growth and productivity savings may help offset the weakness, but the guidance cut is a potential drag on investor expectations. PepsiCo Lowers 2026 EPS Outlook as North America Pressures Margins
- Negative Sentiment: PepsiCo’s CEO reportedly sold shares after the guidance reduction, which could add to investor concerns about the weaker outlook. These 3 Underperforming Stocks Are Seeing Notable CEO Insider Trades
- Negative Sentiment: India’s food regulator has challenged PepsiCo’s energy-drink labeling, alleging the branding could mislead consumers. The dispute introduces potential regulatory and reputational risk, though the articles do not specify any financial penalty. PepsiCo, Monster face FSSAI pushback over energy drink labelling
PepsiCo Price Performance
PEP traded down $1.37 during trading on Friday, reaching $141.34. 8,708,176 shares of the company were exchanged, compared to its average volume of 10,537,633. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48. The company’s 50-day moving average is $133.33 and its two-hundred day moving average is $145.75. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. The company has a market cap of $192.61 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 4.19 and a beta of 0.31.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The firm had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $24.95 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Research analysts forecast that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.
PepsiCo Profile
PepsiCo, Inc is a global food and beverage company that develops, manufactures, markets and distributes a broad range of products. Its portfolio includes snacks such as Lay’s, Doritos and Cheetos, as well as beverages including Pepsi, Gatorade and Mountain Dew.
The company was formed in 1965 through the merger of Pepsi-Cola and Frito-Lay. Its products are sold in more than 200 countries and territories through retail, food-service and other distribution channels.
PepsiCo is headquartered in Purchase, New York.
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