Wealth Enhancement Trust Services Inc. Decreases Stock Position in PepsiCo, Inc. $PEP

Posted by Francis Steltz on Oct 7th, 2026

Wealth Enhancement Trust Services Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 24.7% in the third quarter, HoldingsChannel.com reports. The firm owned 21,198 shares of the company’s stock after selling 6,948 shares during the period. Wealth Enhancement Trust Services Inc.’s holdings in PepsiCo were worth $2,686,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PEP. Evergreen Advisors LLC bought a new position in shares of PepsiCo in the first quarter worth about $25,000. Montgomery Financial Services LLC bought a new position in PepsiCo in the 2nd quarter worth approximately $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in PepsiCo in the 4th quarter worth approximately $26,000. Atlatl Advisers LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $31,000. Finally, Osterweis Capital Management Inc. purchased a new position in shares of PepsiCo in the second quarter worth $31,000. Institutional investors own 73.07% of the company’s stock.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

Positive Sentiment: Options-market positioning indicates traders may be expecting a post-earnings rally, creating potential for a favorable surprise if PepsiCo exceeds expectations or offers stronger guidance. Analysts are generally looking for approximately $2.29–$2.30 in adjusted EPS and nearly $25 billion in revenue. Ahead of PepsiCo Earnings, Here’s What Barchart Data Says Comes Next for PEP Stock
Positive Sentiment: PepsiCo’s long-term dividend record and roughly 4.7% yield are supporting the stock’s appeal to income investors, particularly after the recent decline. The company is also being credited with improving volumes, international growth and efforts to use lower-priced packages to restore affordability. My Only Dividend Buy This October Has Raised Its Payout Every Year for Decades
Positive Sentiment: A Carlsberg expansion into Georgia and Armenia will extend PepsiCo’s bottling partnership to 17 markets across Eastern Europe and Central Asia, modestly strengthening its international distribution reach. PepsiCo Expanded Its Bottling Reach To 17 Markets
Neutral Sentiment: Delhi’s High Court temporarily allowed PepsiCo and other beverage companies to sell existing products labeled “energy drinks,” providing a short-term reprieve in India, although restrictions on producing new inventory remain. Delhi High Court Energy Drink Ruling
Negative Sentiment: The dominant concern is weak North American snack demand. PepsiCo faces pressure to revive growth after a reported decline in North American food sales, while higher freight and logistics costs could weigh on margins in the December quarter and into 2027.
Negative Sentiment: Investors are increasingly worried that GLP-1 weight-loss drugs could reduce consumption of salty snacks and sugary beverages, making it harder for PepsiCo to meet the growth and margin targets established after Elliott Investment Management took a roughly $4 billion stake. PepsiCo GLP-1 Threat
Negative Sentiment: Several market previews warn that a weak earnings report could trigger further losses; derivatives pricing suggests limited relief, while RBC lowered its price target to $150 and maintained a “sector perform” rating. PepsiCo also recalled approximately 122,000 cases of Gatorade over undeclared dyes, adding a limited product-risk headline ahead of earnings. PepsiCo Q3 Preview

Analyst Ratings Changes

Several research firms recently weighed in on PEP. BNP Paribas Exane cut their target price on shares of PepsiCo from $183.00 to $161.00 and set an “outperform” rating for the company in a research note on Wednesday, September 23rd. Jefferies Financial Group set a $138.00 target price on PepsiCo in a research report on Tuesday, September 29th. Piper Sandler set a $176.00 price objective on PepsiCo in a research note on Thursday, July 9th. UBS Group lowered their target price on PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada decreased their price target on shares of PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $150.20.

Check Out Our Latest Analysis on PEP

PepsiCo Trading Down 1.6%

Shares of NASDAQ PEP traded down $1.98 during trading hours on Wednesday, hitting $123.73. 13,286,507 shares of the company traded hands, compared to its average volume of 7,997,938. The company’s 50 day moving average price is $135.99 and its 200 day moving average price is $143.32. PepsiCo, Inc. has a 12 month low of $123.47 and a 12 month high of $171.48. The stock has a market capitalization of $168.88 billion, a price-to-earnings ratio of 16.22, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35. The company has a current ratio of 0.93, a quick ratio of 0.74 and a debt-to-equity ratio of 1.91.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Thursday, July 9th. The company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.19 by $0.01. PepsiCo had a net margin of 10.78% and a return on equity of 54.63%. The company had revenue of $24.18 billion during the quarter, compared to analyst estimates of $23.95 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. PepsiCo’s quarterly revenue was up 6.4% compared to the same quarter last year. PepsiCo has set its FY 2026 guidance at 8.550-8.710 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.56 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 4th were issued a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, September 4th. PepsiCo’s dividend payout ratio is presently 77.59%.

Insiders Place Their Bets

In other PepsiCo news, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of $139.54, for a total value of $404,666.00. Following the completion of the sale, the executive vice president owned 74,825 shares of the company’s stock, valued at $10,441,080.50. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by company insiders.

About PepsiCo

(Free Report)

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company that develops, manufactures, markets and distributes a broad portfolio of snacks, drinks and convenient foods. Its beverage brands include Pepsi, Mountain Dew, Gatorade, 7UP in select markets, and bubly, while its food and snack brands include Lay’s, Doritos, Cheetos, Tostitos, Fritos, Quaker and Ruffles.

The company’s operations include beverage production and distribution, snack foods, convenient meals and nutrition-oriented products.