Sanders Capital LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 507,521 shares of the company’s stock after selling 22,880 shares during the quarter. Sanders Capital LLC’s holdings in PepsiCo were worth $64,313,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of the company. Core Capital Management & Research inc. purchased a new position in PepsiCo in the 2nd quarter worth about $932,000. State Street Corp boosted its holdings in shares of PepsiCo by 1.7% during the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company’s stock valued at $8,179,099,000 after acquiring an additional 987,582 shares during the last quarter. First Nebraska Trust Co purchased a new stake in shares of PepsiCo during the 1st quarter valued at about $10,782,000. The Manufacturers Life Insurance Company boosted its holdings in shares of PepsiCo by 19.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,110,852 shares of the company’s stock valued at $150,409,000 after acquiring an additional 177,468 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of PepsiCo by 157.0% in the first quarter. Jennison Associates LLC now owns 529,129 shares of the company’s stock worth $82,168,000 after acquiring an additional 323,278 shares during the period. Institutional investors own 73.07% of the company’s stock.
PepsiCo Stock Performance
PEP stock traded down $1.37 during trading on Friday, reaching $141.34. The stock had a trading volume of 8,708,176 shares, compared to its average volume of 10,537,633. The firm has a market cap of $192.61 billion, a PE ratio of 17.76, a PEG ratio of 4.19 and a beta of 0.31. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.90. The stock’s 50 day moving average is $133.33 and its two-hundred day moving average is $145.75. 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 results on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $24.95 billion. During the same period in the previous year, the company posted $2.29 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.42 earnings per share for the current year.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on PEP. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 price objective on shares of PepsiCo in a report on Thursday, October 8th. Wells Fargo & Company dropped their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, October 5th. Evercore dropped their target price on shares of PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. Morgan Stanley set a $145.00 target price on shares of PepsiCo in a research report on Friday, October 9th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, October 9th. One 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.28.
Get Our Latest Stock Report on PepsiCo
Insider Buying and Selling
In other PepsiCo news, Director Robert C. Pohlad bought 184,646 shares of PepsiCo stock in a transaction on Wednesday, October 14th. The stock was acquired at an average cost of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the acquisition, the director 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 document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.12% of the company’s stock.
Key Stories Impacting PepsiCo
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
PepsiCo 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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