Schmidt P J Investment Management Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 42.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,833 shares of the company’s stock after selling 21,680 shares during the period. Schmidt P J Investment Management Inc.’s holdings in PepsiCo were worth $3,780,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of PEP. Collaborative Fund Advisors LLC acquired a new stake in shares of PepsiCo in the third quarter valued at about $288,000. Pathway Financial Advisers LLC boosted its holdings in PepsiCo by 1.7% during the third quarter. Pathway Financial Advisers LLC now owns 40,530 shares of the company’s stock worth $5,136,000 after buying an additional 659 shares in the last quarter. Bfsg LLC grew its position in PepsiCo by 3.7% during the third quarter. Bfsg LLC now owns 11,126 shares of the company’s stock worth $1,410,000 after buying an additional 393 shares during the period. Cowa LLC grew its position in PepsiCo by 32.0% during the third quarter. Cowa LLC now owns 9,353 shares of the company’s stock worth $1,185,000 after buying an additional 2,269 shares during the period. Finally, Guardian Wealth Management Inc. grew its position in PepsiCo by 3.2% during the third quarter. Guardian Wealth Management Inc. now owns 17,738 shares of the company’s stock worth $2,248,000 after buying an additional 546 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo News Summary
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo’s snack pricing and affordability measures are reportedly helping drive volume gains and stronger consumer demand. That could support sales, although higher costs and margin pressure remain challenges. Can PepsiCo’s Snack Pricing Strategy Drive Volume Growth?
- Positive Sentiment: An expanded Taco Bell beverage partnership preserves PepsiCo’s exclusive supplier role and adds distribution opportunities for products including Mountain Dew Baja Blast, with plans for new functional and energy drinks. What Is PepsiCo Gaining From Its Expanded Beverage Partnership?
- Neutral Sentiment: Investor commentary highlights PepsiCo’s dividend record and appeal to income-focused investors. Another comparison notes improving organic sales growth, but says the earnings recovery remains sluggish; these are opinions rather than new company guidance. Clorox vs. PepsiCo: Which Dividend Stock Could Make You Richer Over the Next 10 Years?
- Negative Sentiment: India’s food regulator accused PepsiCo and Monster of marketing products with an “energy drink” label to mislead consumers. The allegations could create reputational or regulatory risk, though the reports do not detail any financial impact. India says PepsiCo, Monster marketed with ‘energy drink’ label to dupe consumers
Wall Street Analysts Forecast Growth
PEP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $132.00 price target on shares of PepsiCo in a research report on Friday, October 9th. TD Cowen decreased their price target on PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. 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. BNP Paribas Exane dropped their price objective on PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $143.28.
Insider Activity
In related news, Director Robert Pohlad acquired 184,646 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average cost of $128.28 per share, for a total transaction of $23,686,388.88. Following the acquisition, the director directly owned 433,009 shares in the company, 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 the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the company’s 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 directly owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This trade represents a 5.75% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.12% of the stock is owned by insiders.
PepsiCo Stock Up 3.8%
Shares of NASDAQ:PEP opened at $142.42 on Thursday. PepsiCo, Inc. has a 52-week low of $123.47 and a 52-week high of $171.48. The company has a market capitalization of $194.08 billion, a P/E ratio of 17.89, a P/E/G ratio of 4.09 and a beta of 0.31. The stock’s fifty day simple moving average is $133.29 and its 200-day simple moving average is $145.80. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data 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 business had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. During the same quarter in the previous year, the business posted $2.29 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal 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.
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