Essential Investment Partners LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 92.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401 shares of the company’s stock after selling 4,993 shares during the quarter. Essential Investment Partners LLC’s holdings in PepsiCo were worth $51,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Wilkerson Advisory Group LLC boosted its holdings in PepsiCo by 3.3% during the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after purchasing an additional 66 shares during the last quarter. Partners Wealth Management LLC increased its stake in PepsiCo by 3.5% in the 1st quarter. Partners Wealth Management LLC now owns 1,998 shares of the company’s stock valued at $310,000 after buying an additional 68 shares during the last quarter. Pittenger & Anderson Inc. increased its stake in PepsiCo by 0.3% in the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock valued at $3,866,000 after buying an additional 69 shares during the last quarter. Burford Brothers Inc. lifted its position in shares of PepsiCo by 2.1% during the 1st quarter. Burford Brothers Inc. now owns 3,416 shares of the company’s stock worth $531,000 after buying an additional 70 shares in the last quarter. Finally, Johnson Wealth Management LLC lifted its position in shares of PepsiCo by 2.9% during the 1st quarter. Johnson Wealth Management LLC now owns 2,526 shares of the company’s stock worth $392,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.
Analyst Ratings Changes
PEP has been the topic of a number of research analyst reports. UBS Group cut their target price on PepsiCo from $159.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. BNP Paribas Exane reduced their price target on shares of PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. Freedom Broker upgraded PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Citigroup reissued a “buy” rating on shares of PepsiCo in a research report on Friday, October 9th. Finally, TD Cowen dropped their price objective on PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a report on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $143.28.
Check Out Our Latest Research Report on PepsiCo
Insider Activity
In related news, Director Robert 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 purchase, the director directly 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction 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 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 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 insiders.
Key Headlines Impacting PepsiCo
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo’s discounted valuation and dividend yield of approximately 4.3% could support a recovery. Analysts at Morningstar reportedly see greater upside in PepsiCo than Coca-Cola because of the lower valuation and potential for an operational rebound. Coca-Cola Vs. PepsiCo: Which Beverage Giant Offers Stronger Upside After Q3 Earnings?
- Positive Sentiment: The company is pursuing a North American reset centered on cost reductions, renewed brand investment and portfolio innovation. Successful execution could improve margins and revive growth. Its long-running dividend increases also reinforce PepsiCo’s appeal to defensive-income investors. PepsiCo’s North America Reset: Can Cost Cuts Restore Growth?
- Positive Sentiment: Taco Bell is maintaining its relationship with PepsiCo and Mountain Dew, including Baja Blast, preserving an important restaurant-channel partnership. PepsiCo is also working with Grimme on virtual potato-harvesting technology designed to protect quality and reduce waste.
- Neutral Sentiment: Commentary emphasizes that PepsiCo’s brands and staple products tend to remain resilient during economic slowdowns, but dividend reliability and long-term growth prospects vary across beverage companies. Coca-Cola has delivered stronger recent share-price performance despite PepsiCo’s higher yield. 3 Beverage Stocks With Dependable Brands
- Negative Sentiment: North America remains the central problem: stagnant demand, consumer pressure and elevated costs have prompted the reset. An activist investor’s involvement adds pressure for faster operational improvement and could increase uncertainty around strategy. PepsiCo Hasn’t Been This Cheap Relative to Earnings
- Negative Sentiment: Reports of an ₹8,000 payout related to a Lay’s packet-weight dispute create a minor legal and reputational overhang, while KFC’s decision to drop Pepsi signals some restaurant-channel weakness.
PepsiCo Price Performance
PepsiCo stock opened at $132.63 on Thursday. PepsiCo, Inc. has a 52 week low of $123.47 and a 52 week high of $171.48. The business has a 50-day simple moving average of $133.76 and a 200 day simple moving average of $145.93. 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 stock has a market cap of $180.74 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 4.06 and a beta of 0.35.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. During the same period in the prior year, the company earned $2.29 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.39 earnings per share for the current fiscal year.
About PepsiCo
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.
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