10,887 PepsiCo, Inc. $PEP Shares Sold by Parallel Advisors LLC

Key Points

• Parallel Advisors reduced its PepsiCo stake by 17.9% in the third quarter, selling 10,887 shares and retaining 49,967 shares valued at about $6.33 million.
• Insider trades were mixed: Director Robert C. Pohlad bought 184,646 shares, while CEO Ramon Laguarta sold 30,000 shares.
• PepsiCo beat quarterly earnings and revenue estimates, but its 2026 EPS growth outlook was lowered amid North American margin pressure; analysts’ consensus rating remains “Hold.”

Parallel Advisors LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,967 shares of the company's stock after selling 10,887 shares during the period. Parallel Advisors LLC's holdings in PepsiCo were worth $6,332,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of PepsiCo by 2.1% during the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company's stock worth $16,015,363,000 after purchasing an additional 2,440,377 shares during the last quarter. State Street Corp increased its stake in shares of PepsiCo by 1.7% in the second quarter. State Street Corp now owns 60,406,932 shares of the company's stock valued at $8,179,099,000 after buying an additional 987,582 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of PepsiCo by 0.6% in the first quarter. Bank of America Corp DE now owns 21,283,701 shares of the company's stock valued at $3,305,146,000 after buying an additional 133,325 shares during the last quarter. Amundi raised its holdings in shares of PepsiCo by 16.8% in the first quarter. Amundi now owns 11,444,671 shares of the company's stock valued at $1,777,243,000 after buying an additional 1,647,506 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in PepsiCo by 4.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company's stock worth $1,600,114,000 after buying an additional 549,336 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Insider Activity at PepsiCo

In other PepsiCo news, Director Robert C. Pohlad acquired 184,646 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the director directly owned 433,009 shares of the company's stock, valued at approximately $55,546,394.52. This represents a 74.35% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 491,645 shares in the company, valued at approximately $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.12% of the stock is owned by insiders.

PepsiCo Price Performance

PepsiCo stock opened at $141.34 on Friday. The business's 50-day simple moving average is $133.33 and its 200 day simple moving average is $145.75. The stock has a market cap of $192.61 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 4.21 and a beta of 0.31. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48. 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 announced its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, topping 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 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 business posted $2.29 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings cut shares of PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, September 24th. TD Cowen reduced their target price on shares of PepsiCo from $145.00 to $133.00 and set a "hold" rating on the stock in a research report on Monday, September 28th. UBS Group reduced their target price on shares of PepsiCo from $159.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, October 2nd. BNP Paribas Exane lowered their price target on shares of PepsiCo from $161.00 to $157.00 and set an "outperform" rating for the company in a report on Friday, October 9th. Finally, Sanford C. Bernstein restated a "market perform" rating on shares of PepsiCo in a research report on Friday, October 9th. One 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 given a Sell rating to the company's stock. According to MarketBeat, PepsiCo presently 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 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.

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