Villere ST Denis J & Co. LLC Sells 13,763 Shares of PepsiCo, Inc. $PEP

Villere ST Denis J & Co. LLC trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 110,737 shares of the company’s stock after selling 13,763 shares during the quarter. Villere ST Denis J & Co. LLC’s holdings in PepsiCo were worth $14,033,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Kestra Investment Management LLC lifted its stake in shares of PepsiCo by 19.0% during the third quarter. Kestra Investment Management LLC now owns 6,100 shares of the company’s stock worth $773,000 after buying an additional 976 shares during the period. Fulcrum Asset Management LLP increased its position in shares of PepsiCo by 30.6% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,085 shares of the company’s stock valued at $140,000 after acquiring an additional 254 shares during the period. Allspring Global Investments Holdings LLC raised its stake in PepsiCo by 1.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 152,697 shares of the company’s stock worth $19,179,000 after acquiring an additional 1,457 shares during the last quarter. StoneRidge PMG Advisors LLC purchased a new position in PepsiCo in the 3rd quarter worth $469,000. Finally, Missouri Trust & Investment Co lifted its position in PepsiCo by 1.7% during the 3rd quarter. Missouri Trust & Investment Co now owns 13,487 shares of the company’s stock worth $1,709,000 after acquiring an additional 230 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $132.00 price target on shares of PepsiCo in a research note on Friday, October 9th. TD Cowen reduced their price objective on PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a research note on Monday, September 28th. Evercore decreased their target price on PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. Barclays dropped their target price on PepsiCo from $133.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Finally, Freedom Broker upgraded shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $143.28.

PepsiCo Price Performance

NASDAQ:PEP opened at $141.88 on Tuesday. The firm’s fifty day moving average is $133.35 and its two-hundred day moving average is $145.72. The firm has a market cap of $193.35 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 4.24 and a beta of 0.31. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.76 and a current ratio of 0.94. PepsiCo, Inc. has a one year low of $123.47 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business had revenue of $25.27 billion during the quarter, compared to analysts’ expectations of $24.95 billion. During the same quarter in the previous year, the firm posted $2.29 EPS. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.42 EPS for the current year.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Consumer stocks, including the consumer-staples sector, were higher late Monday, providing a supportive backdrop for PEP. Read More.
• Positive Sentiment: PepsiCo is emphasizing zero-sugar drinks, flavored sodas and functional hydration to respond to changing preferences and pursue beverage growth. The strategy is supported by reported traction in zero-sugar offerings, though broader demand remains a question. Read More.
• Positive Sentiment: PepsiCo renewed beverage-supply agreements with KFC in eight international markets, retaining an important customer channel outside the U.S. Read More.
• Neutral Sentiment: The company is expanding holiday retail and marketing efforts, including campaigns tied to football. This could support brand visibility, but the article gives no sales impact. Read More.
• Negative Sentiment: PepsiCo plans to cut about 1,000 North American jobs as part of a turnaround and effort to streamline operations. Potential cost savings may help, but the cuts also underscore struggles in a key business region. Read More.
• Negative Sentiment: Poppi’s founders launched Jetty, a hydration brand entering a category that includes PepsiCo’s Gatorade. The new competitor may add pressure in functional beverages, although its near-term effect on PepsiCo is uncertain. Read More.

Insider Activity at PepsiCo

In related news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo 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 completion of the transaction, the chief executive officer directly owned 491,645 shares in the company, valued at approximately $66,435,988.85. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Pohlad purchased 184,646 shares of the firm’s stock in a transaction on Wednesday, October 14th. The stock was bought 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 of the company’s stock, valued at $55,546,394.52. This trade represents a 74.35% increase in their position. The SEC filing for this purchase provides additional information. 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.