Brighton Jones LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 16.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 60,305 shares of the company’s stock after selling 11,878 shares during the period. Brighton Jones LLC’s holdings in PepsiCo were worth $7,642,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. BlackRock Inc. grew its position in PepsiCo by 2.1% during the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock valued at $16,015,363,000 after purchasing an additional 2,440,377 shares during the last quarter. State Street Corp increased its stake in 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 purchasing an additional 987,582 shares in the last quarter. Bank of America Corp DE increased its stake in PepsiCo by 0.6% during the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock valued at $3,305,146,000 after purchasing an additional 133,325 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in PepsiCo by 4.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company’s stock worth $1,600,114,000 after buying an additional 549,336 shares during the last quarter. Finally, Amundi raised its holdings in PepsiCo by 16.8% in the first quarter. Amundi now owns 11,444,671 shares of the company’s stock worth $1,777,243,000 after buying an additional 1,647,506 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Ramon Laguarta sold 30,000 shares of the company’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 completion of the sale, the chief executive officer directly owned 491,645 shares in the company, valued at $66,435,988.85. This represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Pohlad bought 184,646 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The stock was bought at an average cost of $128.28 per share, for a total transaction of $23,686,388.88. Following the completion of the acquisition, the director owned 433,009 shares in the company, valued at $55,546,394.52. This trade represents a 74.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.
PepsiCo Stock Performance
PEP opened at $141.34 on Friday. The company’s 50 day moving average is $133.33 and its 200 day moving average is $145.75. 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 company has a market cap of $192.61 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.21 and a beta of 0.31. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48.
PepsiCo (NASDAQ:PEP – Get Free Report) last announced its earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $24.95 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.42 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently commented on the stock. UBS Group cut their price target 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. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of PepsiCo in a report on Thursday, October 8th. Barclays decreased their price objective on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating for the company in a report on Monday, October 12th. Royal Bank Of Canada cut their target price on PepsiCo from $161.00 to $150.00 and set a “sector perform” rating on the stock in a research note on Tuesday, October 6th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of PepsiCo in a 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 issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $143.28.
Check Out Our Latest Report on PEP
Trending Headlines about 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 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.
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