PepsiCo, Inc. $PEP Stock: Soltis Investment Advisors LLC Raises Stake

Posted by George Bondi on Oct 30th, 2026

Soltis Investment Advisors LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 53.5% during the third quarter, Holdings Channel reports. The fund owned 108,715 shares of the company’s stock after acquiring an additional 37,909 shares during the quarter. PepsiCo comprises about 0.6% of Soltis Investment Advisors LLC’s holdings, making the stock its 26th biggest holding. Soltis Investment Advisors LLC’s holdings in PepsiCo were worth $13,776,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PEP. BlackRock Inc. lifted its holdings in PepsiCo by 2.1% during the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock valued at $16,015,363,000 after purchasing an additional 2,440,377 shares during the last quarter. State Street Corp increased 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 during the last quarter. Bank of America Corp DE increased its holdings in shares of PepsiCo by 0.6% in the first quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock valued at $3,305,146,000 after purchasing an additional 133,325 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of PepsiCo by 4.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company’s stock valued at $1,600,114,000 after purchasing an additional 549,336 shares during the period. Finally, Amundi raised its position in shares of PepsiCo by 16.8% in the first quarter. Amundi now owns 11,444,671 shares of the company’s stock valued at $1,777,243,000 after purchasing an additional 1,647,506 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PEP. Evercore cut their target price on shares of PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. Citigroup reiterated a “buy” rating on shares of PepsiCo in a research note on Friday, October 9th. Jefferies Financial Group reissued a “hold” rating on shares of PepsiCo in a report on Thursday, October 8th. Freedom Broker raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 10th. Finally, Barclays cut their price objective on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. One 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $143.28.

Get Our Latest Report on PEP

Key Headlines 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

Insider Buying and Selling

In related news, 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 sale, the chief executive officer 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Pohlad acquired 184,646 shares of the stock in a transaction on Wednesday, October 14th. The shares were bought at an average price of $128.28 per share, for a total transaction 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 trade represents a 74.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

PepsiCo Stock Performance

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

PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, topping the consensus estimate of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The company had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $24.95 billion. During the same period last year, the firm earned $2.29 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.39 earnings per share for the current year.

About PepsiCo

(Free Report)

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.