7,667 PepsiCo, Inc. $PEP Shares Sold by Everett Harris & Co. CA

Key Points

• Everett Harris & Co. CA reduced its PepsiCo stake by 2.1%, selling 7,667 shares and retaining 349,124 shares valued at approximately $44.2 million. Institutional investors collectively own 73.07% of PepsiCo.
• Insider activity was mixed: CEO Ramon Laguarta sold 30,000 shares, while director Robert C. Pohlad bought 184,646 shares. Company insiders currently own 0.12% of the stock.
• Analysts maintain a broadly cautious outlook, with PepsiCo carrying a consensus “Hold” rating and a $143.28 target price. The company exceeded quarterly earnings and revenue expectations, but its stagnant North American business, pricing pressure and debt remain key concerns.

Everett Harris & Co. CA lessened its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 349,124 shares of the company's stock after selling 7,667 shares during the period. PepsiCo accounts for approximately 0.5% of Everett Harris & Co. CA's investment portfolio, making the stock its 25th largest holding. Everett Harris & Co. CA's holdings in PepsiCo were worth $44,241,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of PepsiCo by 2.1% in the 2nd quarter. BlackRock Inc. now owns 118,281,854 shares of the company's stock valued at $16,015,363,000 after buying an additional 2,440,377 shares in the last quarter. State Street Corp grew its position in shares of 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 buying an additional 987,582 shares during the last quarter. Bank of America Corp DE grew its position in shares of PepsiCo by 0.6% in the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company's stock worth $3,305,146,000 after buying an additional 133,325 shares during the last quarter. Amundi raised its stake in shares of PepsiCo by 16.8% during the 1st quarter. Amundi now owns 11,444,671 shares of the company's stock worth $1,777,243,000 after acquiring an additional 1,647,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 acquiring an additional 549,336 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Insider Activity at PepsiCo

In other news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction dated 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 sale, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. This trade represents a 5.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robert C. Pohlad acquired 184,646 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was purchased at an average price of $128.28 per share, for a total transaction of $23,686,388.88. Following the completion of the acquisition, the director owned 433,009 shares in the company, valued at $55,546,394.52. The trade was a 74.35% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on PEP. Weiss Ratings cut shares of PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, September 24th. Morgan Stanley set a $145.00 price target on shares of PepsiCo in a report on Friday, October 9th. Barclays reduced their price target 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. Sanford C. Bernstein reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, October 9th. Finally, Freedom Broker upgraded shares of PepsiCo from a "hold" rating to a "strong-buy" rating in a research note on Saturday, October 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $143.28.

PepsiCo Stock Up 0.9%

Shares of PEP opened at $133.79 on Friday. 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, Inc. has a 52 week low of $123.47 and a 52 week high of $171.48. The stock's 50-day moving average price is $133.59 and its 200-day moving average price is $145.89. The company has a market capitalization of $182.32 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 3.96 and a beta of 0.35.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.05. The business had revenue of $25.27 billion for the quarter, compared to analysts' expectations of $24.95 billion. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The business's revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $2.29 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.39 EPS for the current year.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s shares trade at roughly 17 times earnings, near a six-year low relative to profits. Investors view the depressed valuation, a dividend yield above 4%, and the company’s Dividend King status as potential support for a recovery. PepsiCo Hasn't Been This Cheap Relative to Earnings in 6 Years
• Positive Sentiment: Analysts highlight PepsiCo’s broad beverage-and-snacks portfolio, international growth opportunities and defensive characteristics. Morningstar favors its recovery potential over Coca-Cola’s because of PEP’s cheaper valuation, while its dividend remains attractive to income-focused investors. Coca-Cola Vs. PepsiCo
• Positive Sentiment: PepsiCo is pursuing cost reductions, brand investment and product innovation through its North America reset, while international operations could provide an additional source of growth. PepsiCo's North America Reset
• Positive Sentiment: Taco Bell’s decision to retain Mountain Dew Baja Blast supports the durability of PepsiCo’s restaurant partnerships and beverage brands, although the impact on overall earnings is likely limited. Taco Bell Mountain Dew Decision
• Neutral Sentiment: Investor commentary is focused on whether PepsiCo’s cash generation, dividend and defensive brand portfolio can offset slower growth, making the stock more appealing to income investors than to investors seeking rapid earnings expansion. Should You Buy PepsiCo Stock For Its Cash?
• Negative Sentiment: The primary pressure remains PepsiCo’s stagnant North American business. The company has reportedly cut prices by as much as 15% to win back cost-conscious consumers, potentially supporting volume but weighing on margins and signaling weaker pricing power. Why Is PepsiCo Stock Falling?
• Negative Sentiment: PepsiCo has lost roughly one-third of its value from its 2023 peak, and an activist investor is now involved. Investors remain cautious about how quickly management can restore growth, while the company’s substantial debt adds to the risk profile. PepsiCo Stock Decline and Activist Investor

PepsiCo Company Profile

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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