International Assets Investment Management LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 28.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,356 shares of the company’s stock after acquiring an additional 4,032 shares during the period. International Assets Investment Management LLC’s holdings in PepsiCo were worth $2,306,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of PepsiCo during the second quarter worth $2,755,509,000. Legal & General Group Plc bought a new stake in shares of PepsiCo in the second quarter valued at about $1,200,274,000. Corient Private Wealth LP bought a new stake in shares of PepsiCo in the second quarter valued at about $297,116,000. Canada Pension Plan Investment Board acquired a new position in shares of PepsiCo during the second quarter worth about $487,558,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of PepsiCo by 952.6% during the second quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company’s stock worth $503,121,000 after buying an additional 3,362,794 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on PEP shares. Weiss Ratings lowered PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. Citigroup reaffirmed a “buy” rating on shares of PepsiCo in a research report on Friday, October 9th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $138.00 to $137.00 and set a “neutral” rating for the company in a research report on Friday, October 9th. BNP Paribas Exane decreased their price target on shares of PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Morgan Stanley set a $145.00 price objective on shares of PepsiCo 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 issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $143.28.
Check Out Our Latest Research Report on PepsiCo
Key PepsiCo News
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
Insider Activity at PepsiCo
In other PepsiCo news, Director Robert C. Pohlad purchased 184,646 shares of the business’s stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the acquisition, 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 SEC, which is accessible through this link. Also, CEO Ramon Laguarta sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 21st. The shares were sold at an average price of $135.13, for a total value of $4,053,900.00. Following the sale, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company’s stock.
PepsiCo Stock Performance
PepsiCo stock opened at $141.34 on Monday. The stock has a 50-day simple moving average of $133.33 and a 200 day simple moving average of $145.75. The stock has a market capitalization of $192.61 billion, a P/E ratio of 17.76, a PEG ratio of 4.21 and a beta of 0.31. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.76 and a current ratio of 0.94. PepsiCo, Inc. has a 52 week low of $123.47 and a 52 week high of $171.48.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.05. The firm had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.42 earnings per share for the current year.
PepsiCo Company 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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