PepsiCo, Inc. $PEP Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 641,056 shares of the company’s stock after selling 30,401 shares during the period. Commonwealth Equity Services LLC’s holdings in PepsiCo were worth $81,235,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Core Capital Management & Research inc. acquired a new position in PepsiCo during the second quarter worth approximately $932,000. State Street Corp raised its stake in PepsiCo by 1.7% in the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company’s stock worth $8,179,099,000 after purchasing an additional 987,582 shares in the last quarter. First Nebraska Trust Co bought a new stake in shares of PepsiCo in the first quarter valued at approximately $10,782,000. The Manufacturers Life Insurance Company increased its position in shares of PepsiCo by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,110,852 shares of the company’s stock worth $150,409,000 after purchasing an additional 177,468 shares during the period. Finally, Jennison Associates LLC lifted its position in PepsiCo by 157.0% during the first quarter. Jennison Associates LLC now owns 529,129 shares of the company’s stock worth $82,168,000 after purchasing an additional 323,278 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ramon Laguarta sold 30,000 shares of the firm’s stock in a transaction dated 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 approximately $66,435,988.85. This trade represents a 5.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Pohlad acquired 184,646 shares of the stock in a transaction on Wednesday, October 14th. The stock was bought at an average price 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 of the company’s stock, valued at $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.12% of the company’s stock.

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

PepsiCo Stock Performance

Shares of PEP traded down $1.37 during trading hours on Friday, hitting $141.34. The company’s stock had a trading volume of 8,708,176 shares, compared to its average volume of 10,537,633. PepsiCo, Inc. has a 52-week low of $123.47 and a 52-week high of $171.48. The company has a market cap of $192.61 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.19 and a beta of 0.31. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76. The business has a 50 day simple moving average of $133.33 and a two-hundred day simple moving average of $145.75.

PepsiCo (NASDAQ:PEP) last released 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 net margin of 11.09% and a return on equity of 53.08%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.29 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating on shares of PepsiCo in a report on Thursday, October 8th. TD Cowen lowered their target price on PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a research report on Monday, September 28th. UBS Group decreased their price objective on PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $132.00 price objective on shares of PepsiCo in a research note on Friday, October 9th. Finally, Barclays dropped their target price on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating on the stock in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $143.28.

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.