PepsiCo, Inc. $PEP Stock Holdings Lifted by Keybank National Association OH

Keybank National Association OH lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,124,734 shares of the company’s stock after buying an additional 99,195 shares during the period. Keybank National Association OH owned approximately 0.08% of PepsiCo worth $142,526,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Evergreen Advisors LLC purchased a new position in PepsiCo in the 1st quarter worth approximately $25,000. Montgomery Financial Services LLC acquired a new stake in PepsiCo in the second quarter valued at approximately $25,000. Next Level Wealth Planning LLC acquired a new stake in PepsiCo in the third quarter valued at approximately $26,000. Atlatl Advisers LLC purchased a new stake in shares of PepsiCo during the second quarter valued at approximately $31,000. Finally, Osterweis Capital Management Inc. purchased a new stake in shares of PepsiCo during the second quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo plans to eliminate about 1,000 North American roles as part of a broader effort to simplify operations and improve execution. If the restructuring reduces costs, it could support margins over time. PepsiCo to cut about 1,000 jobs as North American business struggles
• Positive Sentiment: PepsiCo is emphasizing zero-sugar drinks, flavored sodas and functional hydration to address changing preferences and strengthen beverage demand. Can PepsiCo’s Zero-Sugar Strategy Strengthen Beverage Demand?
• Neutral Sentiment: The company renewed overseas beverage-supply agreements with KFC in several markets, maintaining an established distribution relationship. PepsiCo renews overseas KFC contracts
• Negative Sentiment: The layoffs come amid sluggish North American sales, volume declines and margin pressure. That points to ongoing operating challenges and could temper optimism about the potential savings, particularly as the turnaround has yet to gain traction. PepsiCo to cut over 1,000 jobs amid sluggish sales in North American market

PepsiCo Stock Up 1.2%

NASDAQ:PEP opened at $143.61 on Wednesday. The company has a market capitalization of $195.70 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 4.22 and a beta of 0.31. PepsiCo, Inc. has a one year low of $123.47 and a one year high of $171.48. The stock has a 50-day simple moving average of $133.41 and a 200 day simple moving average of $145.72. 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 (NASDAQ:PEP) last announced 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. 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 quarter in the prior year, the firm posted $2.29 earnings per share. PepsiCo’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.42 EPS for the current fiscal year.

Insider Activity at PepsiCo

In other news, Director Robert C. Pohlad acquired 184,646 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 14th. The shares were purchased at an average cost of $128.28 per share, for a total transaction of $23,686,388.88. Following the completion of 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 legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the firm’s stock in a transaction on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total value of $4,053,900.00. Following the transaction, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. This trade represents a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. BNP Paribas Exane dropped their price target on shares of PepsiCo from $161.00 to $157.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Weiss Ratings lowered shares of PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. Freedom Broker raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research report on Saturday, October 10th. Finally, Citigroup reissued a “buy” rating on shares of PepsiCo in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $143.28.

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.