PepsiCo, Inc. $PEP Shares Sold by Sanders Capital LLC

Key Points

• Sanders Capital cut its PepsiCo stake by 4.3% in the third quarter, selling 22,880 shares and ending the period with 507,521 shares valued at about $64.3 million.
• PepsiCo reported quarterly EPS of $2.34, beating estimates of $2.29, while revenue of $25.27 billion also topped forecasts and rose 5.6% year over year.
• Shares fell 1.0% to $141.34 in Friday trading; analysts’ average rating was Hold, with an average price target of $143.28.

Sanders Capital LLC decreased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 507,521 shares of the company's stock after selling 22,880 shares during the quarter. Sanders Capital LLC's holdings in PepsiCo were worth $64,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Alta Advisers Ltd increased its stake in shares of PepsiCo by 84.4% during the third quarter. Alta Advisers Ltd now owns 9,781 shares of the company's stock valued at $1,239,000 after buying an additional 4,478 shares during the period. Westside Investment Management Inc. raised its holdings in shares of PepsiCo by 6.7% during the third quarter. Westside Investment Management Inc. now owns 2,863 shares of the company's stock valued at $363,000 after acquiring an additional 179 shares in the last quarter. Principle Wealth Partners LLC lifted its stake in PepsiCo by 4.1% in the third quarter. Principle Wealth Partners LLC now owns 26,670 shares of the company's stock worth $3,380,000 after acquiring an additional 1,040 shares during the period. Horizon Wealth Management LLC purchased a new stake in PepsiCo in the third quarter worth $278,000. Finally, Kestra Advisory Services LLC lifted its stake in PepsiCo by 21.6% in the third quarter. Kestra Advisory Services LLC now owns 297,347 shares of the company's stock worth $37,680,000 after acquiring an additional 52,738 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.0%

Shares of NASDAQ PEP traded down $1.37 during mid-day trading on Friday, hitting $141.34. 8,708,176 shares of the stock traded hands, compared to its average volume of 10,537,633. The company has a market cap of $192.61 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.19 and a beta of 0.31. The stock has a fifty day moving average price of $133.33 and a 200-day moving average price of $145.75. PepsiCo, Inc. has a 52 week low of $123.47 and a 52 week high of $171.48. 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 (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.05. The business had revenue of $25.27 billion during the quarter, compared to the consensus estimate of $24.95 billion. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The firm's quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.29 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.42 EPS for the current year.

Trending Headlines about PepsiCo

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

Insider Activity

In other PepsiCo news, Director Robert C. Pohlad acquired 184,646 shares of the company's stock in a transaction that occurred on Wednesday, October 14th. The shares were acquired at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the purchase, the director directly owned 433,009 shares of the company's stock, valued at approximately $55,546,394.52. The trade was a 74.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the company's 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 in the company, valued at approximately $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 owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. Freedom Broker raised shares of PepsiCo from a "hold" rating to a "strong-buy" rating in a research report on Saturday, October 10th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $138.00 to $137.00 and set a "neutral" rating for the company in a research report on Friday, October 9th. 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 target price on shares of PepsiCo in a research note on Friday, October 9th. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, October 5th. One equities research 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 issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $143.28.

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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