PepsiCo, Inc. $PEP Shares Sold by B&D White Capital Company LLC

Key Points

• B&D White Capital cut its PepsiCo stake by 41.4% in the third quarter, selling 35,210 shares and ending the period with 49,740 shares valued at about $6.3 million.
• PepsiCo beat quarterly estimates, reporting adjusted earnings of $2.34 per share and revenue of $25.27 billion; revenue rose 5.6% year over year.
• Analysts’ consensus rating was Hold, with an average price target of $143.28. North American margin pressure and a lowered 2026 EPS growth outlook remain concerns.

B&D White Capital Company LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 41.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 49,740 shares of the company's stock after selling 35,210 shares during the quarter. B&D White Capital Company LLC's holdings in PepsiCo were worth $6,303,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wilkerson Advisory Group LLC boosted its position in shares of PepsiCo by 3.3% in the 1st quarter. Wilkerson Advisory Group LLC now owns 2,040 shares of the company's stock worth $317,000 after purchasing an additional 66 shares in the last quarter. Pittenger & Anderson Inc. raised its position in PepsiCo by 0.3% during the 1st quarter. Pittenger & Anderson Inc. now owns 24,895 shares of the company's stock worth $3,866,000 after buying an additional 69 shares during the last quarter. Centerpoint Advisors LLC lifted its position in PepsiCo by 4.1% during the second quarter. Centerpoint Advisors LLC now owns 1,918 shares of the company's stock valued at $260,000 after purchasing an additional 75 shares during the period. JNBA Financial Advisors boosted its stake in shares of PepsiCo by 2.0% in the second quarter. JNBA Financial Advisors now owns 3,848 shares of the company's stock worth $521,000 after buying an additional 77 shares during the last quarter. Finally, 55 North Private Wealth LLC grew its stake in shares of PepsiCo by 4.2% during the 2nd quarter. 55 North Private Wealth LLC now owns 1,918 shares of the company's stock worth $260,000 after purchasing an additional 78 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.2%

Shares of PEP opened at $142.71 on Friday. The stock has a 50 day moving average price of $133.30 and a 200 day moving average price of $145.78. The stock has a market capitalization of $194.48 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 4.24 and a beta of 0.31. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.76 and a current ratio of 0.94. PepsiCo, Inc. has a one year low of $123.47 and a one year high of $171.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $24.95 billion. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The company's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $2.29 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s shares had gained 15.1% over the past month. Strong international growth, a discounted valuation and productivity savings are supporting the investment case. Article: PepsiCo Jumps 15.1% in a Month as Investors Weigh What Comes Next
• Positive Sentiment: Snack affordability and pricing initiatives are reportedly helping lift volumes and consumer demand, offering a potential counterweight to cost and margin pressures. Article: Can PepsiCo's Snack Pricing Strategy Drive Volume Growth?
• Positive Sentiment: PepsiCo India is partnering with GIZ and Bayer on climate-resilient maize farming. The initiative may support supply-chain resilience over time, though near-term financial impact is unclear. Article: GIZ, PepsiCo India, Bayer partner to advance climate-resilient maize farming
• Neutral Sentiment: Investors are debating whether PEP’s valuation discount and international growth compensate for slower earnings growth and debt. This tug-of-war may limit the impact of the recent rally. Article: Is PepsiCo a Buy or a Wait as Value Clashes With Slower EPS Growth?
• Negative Sentiment: PepsiCo lowered its 2026 EPS growth outlook as North American margin pressures persist. This is the clearest near-term headwind, despite international growth and productivity savings. Article: PepsiCo Lowers 2026 EPS Outlook as North America Pressures Margins
• Negative Sentiment: India’s food regulator alleges PepsiCo and Monster’s “energy drink” labeling misled consumers; a court hearing could bring regulatory or reputational risk. Article: India says PepsiCo, Monster marketed with 'energy drink' label to dupe consumers

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PEP. BNP Paribas Exane decreased their price objective on shares of PepsiCo from $161.00 to $157.00 and set an "outperform" rating for the company in a research report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $132.00 target price on shares of PepsiCo in a research report on Friday, October 9th. Weiss Ratings lowered PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $138.00 to $137.00 and set a "neutral" rating for the company in a report on Friday, October 9th. Finally, TD Cowen lowered their price target on PepsiCo from $145.00 to $133.00 and set a "hold" rating on the stock in a research report on Monday, September 28th. 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. Based on data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $143.28.

Insider Transactions at PepsiCo

In other news, CEO Ramon Laguarta sold 30,000 shares of the business'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 in the company, valued at $66,435,988.85. The trade was a 5.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert C. Pohlad purchased 184,646 shares of the company's stock in a transaction dated Wednesday, October 14th. The stock was bought at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the transaction, 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 ownership of the stock. The SEC filing for this purchase provides additional information. 0.12% of the stock is currently owned by corporate insiders.

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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