PepsiCo, Inc. $PEP Stock: Carnegie Lake Advisors LLC Reduces Stake

Carnegie Lake Advisors LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 81.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,159 shares of the company’s stock after selling 9,515 shares during the quarter. Carnegie Lake Advisors LLC’s holdings in PepsiCo were worth $274,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. boosted 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 acquiring an additional 2,440,377 shares in the last quarter. State Street Corp raised its position in shares of 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 acquiring an additional 987,582 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of PepsiCo by 0.6% during the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock worth $3,305,146,000 after purchasing an additional 133,325 shares during the last quarter. Amundi boosted its position in PepsiCo by 16.8% during the first quarter. Amundi now owns 11,444,671 shares of the company’s stock valued at $1,777,243,000 after purchasing an additional 1,647,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 valued at $1,600,114,000 after purchasing an additional 549,336 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Key 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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore reduced their target price on shares of PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price target on shares of PepsiCo in a report on Thursday, October 8th. Wells Fargo & Company lowered their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, October 5th. JPMorgan Chase & Co. reduced 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. Finally, Royal Bank Of Canada decreased their price objective on PepsiCo from $161.00 to $150.00 and set a “sector perform” rating for the company in a report on Tuesday, October 6th. 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 MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $143.28.

PepsiCo Stock Performance

NASDAQ:PEP opened at $141.34 on Monday. The company has a market capitalization of $192.61 billion, a P/E ratio of 17.76, a PEG ratio of 4.21 and a beta of 0.31. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.90. PepsiCo, Inc. has a 12 month low of $123.47 and a 12 month high of $171.48. The firm has a fifty day simple moving average of $133.33 and a 200-day simple moving average of $145.75.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) 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%. PepsiCo’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $2.29 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.42 earnings per share for the current year.

Insider Activity

In other PepsiCo news, CEO Ramon Laguarta sold 30,000 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total transaction of $4,053,900.00. Following the transaction, the chief executive officer owned 491,645 shares in the company, valued at approximately $66,435,988.85. This represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert C. Pohlad purchased 184,646 shares of the company’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 purchase, 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 disclosure for this purchase is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

PepsiCo 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.