Pictet Asset Management Holding SA lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 832,457 shares of the company’s stock after selling 19,127 shares during the period. Pictet Asset Management Holding SA’s holdings in PepsiCo were worth $105,489,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of PepsiCo by 2.1% in the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock worth $16,015,363,000 after buying an additional 2,440,377 shares during the period. State Street Corp lifted its position 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 acquiring an additional 987,582 shares during the period. Bank of America Corp DE boosted its stake in PepsiCo by 0.6% during the first quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock worth $3,305,146,000 after acquiring an additional 133,325 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PepsiCo by 4.9% during 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 acquiring an additional 549,336 shares in the last quarter. Finally, Amundi grew 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 purchasing an additional 1,647,506 shares during the period. Institutional investors own 73.07% of the company’s stock.
PepsiCo Stock Performance
NASDAQ:PEP opened at $141.34 on Monday. The stock 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. 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’s 50 day moving average price is $133.33 and its 200-day moving average price is $145.75. 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 announced its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.05. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.29 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PEP. Evercore decreased their target price on shares of PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $138.00 to $137.00 and set a “neutral” rating on the stock in a research report on Friday, October 9th. Jefferies Financial Group restated a “hold” rating on shares of PepsiCo in a research note on Thursday, October 8th. Weiss Ratings lowered PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. 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 note 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $143.28.
View Our Latest Stock Report on PEP
More PepsiCo News
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
Insiders Place Their Bets
In other PepsiCo news, Director Robert C. Pohlad purchased 184,646 shares of the stock in a transaction dated Wednesday, October 14th. The shares were purchased 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 directly owned 433,009 shares in the company, valued at $55,546,394.52. This trade represents a 74.35% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the chief executive officer directly owned 491,645 shares in the company, valued at $66,435,988.85. This trade represents a 5.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.
About PepsiCo
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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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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