PepsiCo, Inc. $PEP Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,953 shares of the company’s stock after selling 9,899 shares during the quarter. Carret Asset Management LLC’s holdings in PepsiCo were worth $6,584,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Core Capital Management & Research inc. bought a new stake in PepsiCo in the 2nd quarter valued at $932,000. State Street Corp lifted 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 position in shares of PepsiCo during the 1st quarter valued at about $10,782,000. The Manufacturers Life Insurance Company grew its position in shares of PepsiCo by 19.0% during the second quarter. The Manufacturers Life Insurance Company now owns 1,110,852 shares of the company’s stock valued at $150,409,000 after purchasing an additional 177,468 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of PepsiCo by 157.0% during the first quarter. Jennison Associates LLC now owns 529,129 shares of the company’s stock valued at $82,168,000 after purchasing an additional 323,278 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Insider Buying and Selling at PepsiCo

In related news, CEO Ramon Laguarta sold 30,000 shares of the company’s stock in a transaction dated Wednesday, October 21st. The shares were sold at an average price of $135.13, for a total transaction of $4,053,900.00. Following the transaction, the chief executive officer directly owned 491,645 shares in the company, valued at approximately $66,435,988.85. This represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert Pohlad acquired 184,646 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were acquired at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the acquisition, the director owned 433,009 shares in the company, valued at $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Evercore reduced their target price on PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. TD Cowen cut their price target on PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a report on Monday, September 28th. Piper Sandler cut their price target on PepsiCo from $176.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $132.00 price objective on shares of PepsiCo in a research note on Friday, October 9th. Finally, BNP Paribas Exane lowered their target price on PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.28.

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

PepsiCo Stock Performance

PepsiCo stock opened at $141.34 on Monday. The company’s 50-day moving average price is $133.33 and its 200-day moving average price is $145.75. 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 has a market cap of $192.61 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. PepsiCo, Inc. has a twelve month low of $123.47 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.05. The firm had revenue of $25.27 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.29 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.42 EPS for the current fiscal year.

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.