Global Wealth Management Investment Advisory Inc. Buys 5,041 Shares of PepsiCo, Inc. $PEP

Global Wealth Management Investment Advisory Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,335 shares of the company’s stock after acquiring an additional 5,041 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in PepsiCo were worth $4,604,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Evergreen Advisors LLC bought a new stake in shares of PepsiCo during the first quarter valued at approximately $25,000. Montgomery Financial Services LLC bought a new position in PepsiCo in the second quarter worth $25,000. Next Level Wealth Planning LLC bought a new position in PepsiCo in the third quarter worth $26,000. Atlatl Advisers LLC purchased a new position in PepsiCo during the second quarter valued at $31,000. Finally, Osterweis Capital Management Inc. purchased a new position in PepsiCo during the second quarter valued at $31,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PEP shares. Piper Sandler dropped their target price on shares of PepsiCo from $176.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 9th. Sanford C. Bernstein reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, October 9th. TD Cowen lowered their price target on shares of PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a research report on Monday, September 28th. Morgan Stanley set a $145.00 price objective on shares of PepsiCo in a research note on Friday, October 9th. Finally, Royal Bank Of Canada dropped their price objective 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, October 6th. 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 issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.28.

Insider Transactions at PepsiCo

In other PepsiCo news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $135.13, for a total value of $4,053,900.00. Following the completion of the transaction, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at approximately $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert C. Pohlad bought 184,646 shares of the company’s stock in a transaction dated Wednesday, October 14th. The stock was purchased 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 of the company’s stock, valued at approximately $55,546,394.52. This represents a 74.35% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.12% of the company’s stock.

PepsiCo Stock Up 0.4%

Shares of NASDAQ:PEP opened at $141.88 on Tuesday. 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 has a fifty day simple moving average of $133.35 and a two-hundred day simple moving average of $145.72. 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 $193.35 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 4.24 and a beta of 0.31.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 7th. The company reported $2.34 EPS 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 firm had revenue of $25.27 billion for the quarter, compared to analysts’ expectations of $24.95 billion. During the same period in the prior year, the firm posted $2.29 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Consumer stocks, including the consumer-staples sector, were higher late Monday, providing a supportive backdrop for PEP. Read More.
• Positive Sentiment: PepsiCo is emphasizing zero-sugar drinks, flavored sodas and functional hydration to respond to changing preferences and pursue beverage growth. The strategy is supported by reported traction in zero-sugar offerings, though broader demand remains a question. Read More.
• Positive Sentiment: PepsiCo renewed beverage-supply agreements with KFC in eight international markets, retaining an important customer channel outside the U.S. Read More.
• Neutral Sentiment: The company is expanding holiday retail and marketing efforts, including campaigns tied to football. This could support brand visibility, but the article gives no sales impact. Read More.
• Negative Sentiment: PepsiCo plans to cut about 1,000 North American jobs as part of a turnaround and effort to streamline operations. Potential cost savings may help, but the cuts also underscore struggles in a key business region. Read More.
• Negative Sentiment: Poppi’s founders launched Jetty, a hydration brand entering a category that includes PepsiCo’s Gatorade. The new competitor may add pressure in functional beverages, although its near-term effect on PepsiCo is uncertain. Read More.

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.