PepsiCo, Inc. $PEP Holdings Lifted by Hohimer Wealth Management LLC

Hohimer Wealth Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 102.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,177 shares of the company’s stock after purchasing an additional 24,323 shares during the period. Hohimer Wealth Management LLC’s holdings in PepsiCo were worth $6,105,000 as of its most recent filing with the Securities and Exchange Commission.

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

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $141.34 on Monday. The company’s fifty day moving average price is $133.33 and its 200 day moving average price is $145.75. PepsiCo, Inc. has a 12 month low of $123.47 and a 12 month high of $171.48. 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 firm has a market capitalization of $192.61 billion, a P/E ratio of 17.76, a P/E/G ratio of 4.21 and a beta of 0.31.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share 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 firm had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $24.95 billion. During the same period in the previous year, the company earned $2.29 earnings per share. PepsiCo’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of PepsiCo in a research report on Thursday, October 8th. TD Cowen dropped their price objective on PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a report on Monday, September 28th. BNP Paribas Exane cut their target price on PepsiCo from $161.00 to $157.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Barclays decreased their target price on PepsiCo from $133.00 to $126.00 and set an “equal weight” rating for the company in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. lowered their price target on PepsiCo from $138.00 to $137.00 and set a “neutral” rating for the company in a report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $143.28.

PepsiCo News Roundup

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

Insider Transactions at PepsiCo

In other news, Director Robert Pohlad bought 184,646 shares of PepsiCo stock in a transaction dated 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 acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ramon Laguarta sold 30,000 shares of the business’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 $66,435,988.85. The trade was 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 insiders.

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.