61,500 PepsiCo, Inc. $PEP Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.4% in the third quarter, HoldingsChannel reports. The firm owned 480,316 shares of the company’s stock after selling 61,500 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in PepsiCo were worth $60,866,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wilkerson Advisory Group LLC lifted its position in shares of PepsiCo by 3.3% in the first quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company’s stock worth $317,000 after buying an additional 66 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of PepsiCo by 0.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company’s stock worth $3,866,000 after acquiring an additional 69 shares in the last quarter. Burford Brothers Inc. increased its holdings in shares of PepsiCo by 2.1% during the 1st quarter. Burford Brothers Inc. now owns 3,416 shares of the company’s stock valued at $531,000 after acquiring an additional 70 shares during the last quarter. Cohen Investment Advisors LLC increased its holdings in shares of PepsiCo by 1.9% during the 1st quarter. Cohen Investment Advisors LLC now owns 3,770 shares of the company’s stock valued at $585,000 after acquiring an additional 71 shares during the last quarter. Finally, Bogart Wealth LLC raised its stake in shares of PepsiCo by 2.1% in the 1st quarter. Bogart Wealth LLC now owns 3,526 shares of the company’s stock valued at $548,000 after acquiring an additional 72 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $137.34 on Friday. 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 stock’s 50 day moving average price is $133.49 and its two-hundred day moving average price is $145.87. The firm has a market capitalization of $187.16 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 4.00 and a beta of 0.35. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48.

PepsiCo (NASDAQ:PEP) 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. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. During the same period in the previous year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.39 earnings per share for the current year.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Quarterly results exceeded expectations. Third-quarter revenue rose 5.6% year over year to $25.27 billion, topping consensus, while core earnings per share of $2.34 also beat estimates. Organic revenue growth accelerated to 3.1%. Why PepsiCo (PEP) Stock Is Up Today
• Positive Sentiment: Operating trends showed improvement. PepsiCo reported organic volume growth across global beverages and convenient foods, broad strength in international markets, and sequential improvement in North American foods. Its updated outlook calls for approximately 6% net revenue growth and about 3% organic revenue growth in 2026. Why PepsiCo (PEP) Stock Is Up Today
• Positive Sentiment: Income appeal remains a supporting factor. Analysts and investment commentary continue to highlight PepsiCo’s dividend, which offers a yield above 4%, as well as the defensive nature of its combined beverage-and-snacks portfolio. Why Is PepsiCo Stock Falling, and Is It a Buying Opportunity?
• Neutral Sentiment: Valuation and positioning could attract buyers. PEP trades well below its 52-week high, and the median analyst price target cited is $168 versus a recent share price near $137. However, institutional ownership data showed both significant additions and reductions, indicating mixed conviction.
• Negative Sentiment: Profit guidance was reduced. PepsiCo cut its 2026 core constant-currency EPS growth forecast to 1%–2%, down from the low end of its prior 4%–6% range. The downgrade reflects continuing pressure on margins and profitability despite firmer revenue expectations. PepsiCo stock outlook cut as North American reset deepens
• Negative Sentiment: North America remains the key risk. PepsiCo has cut prices by as much as 15% to win back price-sensitive consumers, raising questions about pricing power and future margins. The stock also remains below its 200-day moving average, reflecting investors’ caution about the recovery.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramon Laguarta sold 30,000 shares of the stock in a transaction on 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 sale, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Pohlad purchased 184,646 shares of PepsiCo stock in a transaction on Wednesday, October 14th. The stock was bought 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 trade represents a 74.35% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PEP. Freedom Broker upgraded PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 10th. Piper Sandler decreased their target price on PepsiCo from $176.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, October 9th. Royal Bank Of Canada lowered their price target on PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 6th. UBS Group dropped their target price on shares of PepsiCo from $159.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Finally, Jefferies Financial Group reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $143.28.

PepsiCo Company Profile

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.