PepsiCo, Inc. $PEP Stake Decreased by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 22.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,100 shares of the company’s stock after selling 16,741 shares during the period. Hennessy Advisors Inc.’s holdings in PepsiCo were worth $7,362,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE bought a new stake in PepsiCo during the 2nd quarter worth approximately $2,755,509,000. Legal & General Group Plc acquired a new stake in PepsiCo in the 2nd quarter valued at about $1,200,274,000. Corient Private Wealth LP bought a new position in shares of PepsiCo in the second quarter worth about $297,116,000. Canada Pension Plan Investment Board bought a new stake in shares of PepsiCo during the second quarter valued at approximately $487,558,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 952.6% in the second quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company’s stock valued at $503,121,000 after purchasing an additional 3,362,794 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of PEP stock opened at $137.34 on Monday. The business has a fifty day simple moving average of $133.49 and a 200 day simple moving average of $145.87. The company has a market cap of $187.16 billion, a P/E ratio of 17.25, a P/E/G ratio of 4.10 and a beta of 0.35. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. PepsiCo, Inc. has a twelve month low of $123.47 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $24.95 billion. During the same quarter last year, the business posted $2.29 EPS. PepsiCo’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. JPMorgan Chase & Co. reduced their target price on PepsiCo from $138.00 to $137.00 and set a “neutral” rating on the stock in a report on Friday, October 9th. Sanford C. Bernstein reissued a “market perform” rating on shares of PepsiCo in a report on Friday, October 9th. Citigroup restated a “buy” rating on shares of PepsiCo in a report on Friday, October 9th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, October 5th. Finally, Weiss Ratings cut PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $143.28.

Insider Buying and Selling

In other news, Director Robert C. Pohlad acquired 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 transaction, the director owned 433,009 shares of the company’s stock, valued at approximately $55,546,394.52. This trade represents a 74.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the company’s 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 transaction, the chief executive officer owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This trade represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by corporate insiders.

Trending Headlines about PepsiCo

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.

About PepsiCo

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.