PepsiCo, Inc. $PEP Shares Bought by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 105,944 shares of the company’s stock after purchasing an additional 4,860 shares during the period. PepsiCo makes up 1.4% of Stockman Wealth Management Inc.’s holdings, making the stock its 28th biggest position. Stockman Wealth Management Inc.’s holdings in PepsiCo were worth $13,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evergreen Advisors LLC purchased a new stake in shares of PepsiCo in the first quarter valued at about $25,000. Montgomery Financial Services LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $25,000. Atlatl Advisers LLC purchased a new position in shares of PepsiCo during the 2nd quarter worth approximately $31,000. Osterweis Capital Management Inc. acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo News Summary

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s discounted valuation and dividend yield of approximately 4.3% could support a recovery. Analysts at Morningstar reportedly see greater upside in PepsiCo than Coca-Cola because of the lower valuation and potential for an operational rebound. Coca-Cola Vs. PepsiCo: Which Beverage Giant Offers Stronger Upside After Q3 Earnings?
• Positive Sentiment: The company is pursuing a North American reset centered on cost reductions, renewed brand investment and portfolio innovation. Successful execution could improve margins and revive growth. Its long-running dividend increases also reinforce PepsiCo’s appeal to defensive-income investors. PepsiCo’s North America Reset: Can Cost Cuts Restore Growth?
• Positive Sentiment: Taco Bell is maintaining its relationship with PepsiCo and Mountain Dew, including Baja Blast, preserving an important restaurant-channel partnership. PepsiCo is also working with Grimme on virtual potato-harvesting technology designed to protect quality and reduce waste.
• Neutral Sentiment: Commentary emphasizes that PepsiCo’s brands and staple products tend to remain resilient during economic slowdowns, but dividend reliability and long-term growth prospects vary across beverage companies. Coca-Cola has delivered stronger recent share-price performance despite PepsiCo’s higher yield. 3 Beverage Stocks With Dependable Brands
• Negative Sentiment: North America remains the central problem: stagnant demand, consumer pressure and elevated costs have prompted the reset. An activist investor’s involvement adds pressure for faster operational improvement and could increase uncertainty around strategy. PepsiCo Hasn’t Been This Cheap Relative to Earnings
• Negative Sentiment: Reports of an ₹8,000 payout related to a Lay’s packet-weight dispute create a minor legal and reputational overhang, while KFC’s decision to drop Pepsi signals some restaurant-channel weakness.

Insider Activity at PepsiCo

In other PepsiCo news, Director Robert Pohlad purchased 184,646 shares of the business’s stock in a transaction 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 acquisition, the director owned 433,009 shares of the company’s stock, valued at approximately $55,546,394.52. The trade was a 74.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ramon Laguarta sold 30,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This trade represents 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.

Analyst Ratings Changes

A number of research firms recently issued reports on PEP. BNP Paribas Exane reduced their target price on PepsiCo from $161.00 to $157.00 and set an “outperform” rating on the stock in a research note on Friday, October 9th. Citigroup reissued a “buy” rating on shares of PepsiCo in a research report on Friday, October 9th. Evercore cut their price target on PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. Jefferies Financial Group restated a “hold” rating on shares of PepsiCo in a research report on Thursday, October 8th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of PepsiCo in a research report on Thursday, October 8th. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $143.28.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $132.63 on Thursday. The company has a 50-day simple moving average of $133.76 and a 200-day simple moving average of $145.93. 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 company has a market cap of $180.74 billion, a PE ratio of 16.66, a price-to-earnings-growth ratio of 4.06 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $123.47 and a 12 month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced 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 net margin of 11.09% and a return on equity of 53.08%. The business had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $24.95 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.39 earnings per share for the current year.

About PepsiCo

PepsiCo, Inc (NASDAQ:PEP) is a global food and beverage company whose portfolio includes Pepsi-Cola, Mountain Dew, Gatorade, Lay’s, Doritos, Cheetos, Quaker, Tostitos, Fritos, and SodaStream. Its products span carbonated soft drinks, sports and energy beverages, bottled water, juices, convenient foods, snacks, and other packaged food offerings.

The company sells products through retail stores, restaurants, food-service providers, e-commerce platforms, and other distribution channels. PepsiCo serves consumers in North America and international markets across Latin America, Europe, Africa, the Middle East, and Asia-Pacific.