Banque Pictet & Cie SA boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 14.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,844 shares of the company’s stock after buying an additional 21,663 shares during the quarter. Banque Pictet & Cie SA’s holdings in PepsiCo were worth $22,156,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in PEP. Rise Advisors LLC grew its holdings in PepsiCo by 17.1% during the 3rd quarter. Rise Advisors LLC now owns 1,852 shares of the company’s stock valued at $235,000 after buying an additional 271 shares in the last quarter. James T. Borello RIA purchased a new stake in shares of PepsiCo in the third quarter worth about $131,000. V Square Quantitative Management LLC lifted its holdings in shares of PepsiCo by 4.1% in the third quarter. V Square Quantitative Management LLC now owns 31,761 shares of the company’s stock worth $4,025,000 after buying an additional 1,265 shares in the last quarter. YANKCOM Partnership boosted its position in shares of PepsiCo by 9.2% in the third quarter. YANKCOM Partnership now owns 11,260 shares of the company’s stock valued at $1,427,000 after acquiring an additional 945 shares during the period. Finally, Financial & Tax Architects LLC grew its stake in PepsiCo by 7.4% during the third quarter. Financial & Tax Architects LLC now owns 52,098 shares of the company’s stock valued at $6,602,000 after acquiring an additional 3,589 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
Insider Buying and Selling at PepsiCo
In other news, Director Robert Pohlad acquired 184,646 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 14th. The shares were bought at an average cost of $128.28 per share, with a total value of $23,686,388.88. Following the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at this link. Also, EVP David Flavell sold 2,900 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $139.54, for a total transaction of $404,666.00. Following the completion of the sale, the executive vice president directly owned 74,825 shares of the company’s stock, valued at approximately $10,441,080.50. The trade was a 3.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.12% of the company’s stock.
Wall Street Analysts Forecast Growth
PEP has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $138.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $132.00 target price on shares of PepsiCo in a report on Friday, October 9th. Weiss Ratings lowered PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. UBS Group decreased their price target on PepsiCo from $159.00 to $145.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Finally, Piper Sandler lowered their price objective on PepsiCo from $176.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.50.
Read Our Latest Stock Report on PEP
PepsiCo Stock Performance
Shares of NASDAQ PEP opened at $131.49 on Friday. The firm’s 50-day moving average price is $134.44 and its 200-day moving average price is $142.25. 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 company has a market cap of $179.19 billion, a PE ratio of 15.27, a PEG ratio of 3.82 and a beta of 0.35. 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 issued its quarterly 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. The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $24.95 billion. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.29 earnings per share. As a group, analysts anticipate that PepsiCo, Inc. will post 8.41 EPS for the current year.
Key Headlines Impacting PepsiCo
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: Director Robert Pohlad bought 184,646 shares for approximately $23.7 million, increasing his direct ownership by 74.35%. The purchase may signal confidence that PepsiCo’s depressed valuation does not reflect its long-term prospects. SEC insider transaction filing
- Positive Sentiment: Bank of America maintained a Hold rating but raised its price target to $145, suggesting balanced risk-reward and potential upside from current levels. The firm cited strength at Taco Bell as partially offsetting the KFC loss. Bank of America rating update
- Neutral Sentiment: PepsiCo announced a €500 million offering of 3.750% senior notes. The proceeds strengthen funding flexibility, although the transaction adds to the company’s already elevated debt burden. PepsiCo euro-denominated senior notes announcement
- Neutral Sentiment: PepsiCo, its foundation and Feed the Children reported distributing 2 million meals through a school-based hunger-relief program. The announcement supports corporate reputation but is unlikely to materially affect earnings. PepsiCo hunger-relief program announcement
- Negative Sentiment: KFC will replace Pepsi beverages with Coca-Cola products at U.S. restaurants beginning in January 2027, with a full rollout expected by spring. Although KFC represents a limited portion of PepsiCo’s sales, investors view the loss as a setback for its U.S. food-service business and brand presence. Reuters report on KFC switching beverage suppliers
- Negative Sentiment: In India, PepsiCo warned that its Sting and Adrenaline Rush energy drinks could run out within two months after a court declined to suspend restrictions on “energy drink” labeling. The dispute could cause supply disruptions and allow competitors such as Red Bull to gain share. PepsiCo India energy-drink supply report
About PepsiCo
PepsiCo, Inc NASDAQ: PEP is a global food and beverage company that develops, manufactures, markets and distributes a broad portfolio of snacks, drinks and convenient foods. Its beverage brands include Pepsi, Mountain Dew, Gatorade, 7UP in select markets, and bubly, while its food and snack brands include Lay’s, Doritos, Cheetos, Tostitos, Fritos, Quaker and Ruffles.
The company’s operations include beverage production and distribution, snack foods, convenient meals and nutrition-oriented products.
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Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP – Free Report).
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