PepsiCo, Inc. $PEP Holdings Decreased by Boston Trust Walden Corp

Key Points

• Boston Trust Walden cut its PepsiCo stake by 9.8% in the third quarter, selling 50,400 shares and retaining 463,732 shares valued at about $58.8 million.
• Insider trades were mixed: Director Robert C. Pohlad bought 184,646 shares for about $23.7 million, while CEO Ramon Laguarta sold 30,000 shares.
• Analysts have a consensus “Hold” rating and an average price target of $143.28. PepsiCo’s latest quarterly results beat estimates, with EPS of $2.34 and revenue up 5.6% year over year.

Boston Trust Walden Corp decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 463,732 shares of the company's stock after selling 50,400 shares during the period. Boston Trust Walden Corp's holdings in PepsiCo were worth $58,764,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Jmac Enterprises LLC grew its holdings in shares of PepsiCo by 17.2% during the third quarter. Jmac Enterprises LLC now owns 7,518 shares of the company's stock worth $953,000 after buying an additional 1,105 shares in the last quarter. Optimist Retirement Group LLC raised its position in PepsiCo by 2.9% in the 3rd quarter. Optimist Retirement Group LLC now owns 17,424 shares of the company's stock valued at $2,208,000 after buying an additional 490 shares during the last quarter. Richardson Financial Services Inc. lifted its stake in PepsiCo by 14.3% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,771 shares of the company's stock valued at $224,000 after acquiring an additional 222 shares in the last quarter. Cordgrass Capital Advisors LLC boosted its position in PepsiCo by 5.6% during the 3rd quarter. Cordgrass Capital Advisors LLC now owns 7,298 shares of the company's stock worth $925,000 after acquiring an additional 390 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. boosted its position in PepsiCo by 6.8% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 30,080 shares of the company's stock worth $3,812,000 after acquiring an additional 1,913 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other PepsiCo news, Director Robert C. Pohlad purchased 184,646 shares of the stock in a transaction that occurred on Wednesday, October 14th. The shares were acquired at an average cost of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the transaction, the director owned 433,009 shares in the company, valued at $55,546,394.52. The trade was a 74.35% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction dated 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 sale, 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 position. The SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by company insiders.

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PEP shares. Royal Bank Of Canada decreased their price target on shares of PepsiCo from $161.00 to $150.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 6th. Sanford C. Bernstein reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, October 9th. UBS Group reduced their target price on shares of PepsiCo from $159.00 to $145.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $132.00 target price on shares of PepsiCo in a research report on Friday, October 9th. Finally, Barclays lowered their price target on shares of PepsiCo from $133.00 to $126.00 and set an "equal weight" rating on the stock in a research note on Monday, October 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $143.28.

PepsiCo Stock Performance

Shares of PEP stock opened at $142.42 on Thursday. The company has a fifty day moving average price of $133.29 and a two-hundred day moving average price of $145.80. PepsiCo, Inc. has a one year low of $123.47 and a one year high of $171.48. The stock has a market cap 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 company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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. The company had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. PepsiCo's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.29 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.42 EPS for the current year.

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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