PepsiCo, Inc. $PEP Stock Bought by Hohimer Wealth Management LLC

Key Points

• Hohimer Wealth Management more than doubled its PepsiCo stake in the third quarter, increasing holdings 102% to 48,177 shares valued at about $6.1 million.
• PepsiCo beat quarterly earnings and revenue estimates, with revenue up 5.6% year over year; however, it lowered its 2026 EPS growth outlook amid persistent North American margin pressure.
• Analysts’ consensus rating is Hold, with an average price target of $143.28. CEO Ramon Laguarta also sold 30,000 shares, while a director made a substantial share purchase.

Hohimer Wealth Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 102.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,177 shares of the company's stock after purchasing an additional 24,323 shares during the period. Hohimer Wealth Management LLC's holdings in PepsiCo were worth $6,105,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Johnson & White Wealth Management LLC raised its stake in shares of PepsiCo by 18.3% in the 3rd quarter. Johnson & White Wealth Management LLC now owns 7,846 shares of the company's stock valued at $994,000 after acquiring an additional 1,215 shares during the period. M Holdings Securities Inc. acquired a new position in shares of PepsiCo in the 3rd quarter worth approximately $5,155,000. Avantax Planning Partners Inc. boosted its position in shares of PepsiCo by 6.9% during the 3rd quarter. Avantax Planning Partners Inc. now owns 50,139 shares of the company's stock worth $6,354,000 after purchasing an additional 3,229 shares during the period. Candriam S.C.A. boosted its position in shares of PepsiCo by 3.7% during the 3rd quarter. Candriam S.C.A. now owns 185,793 shares of the company's stock worth $23,630,000 after purchasing an additional 6,611 shares during the period. Finally, American State Bank Iowa increased its holdings in PepsiCo by 8.2% in the 3rd quarter. American State Bank Iowa now owns 8,340 shares of the company's stock valued at $1,057,000 after purchasing an additional 631 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Key Stories Impacting 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

PepsiCo Stock Performance

NASDAQ PEP opened at $141.34 on Monday. The firm has a 50 day simple moving average of $133.33 and a 200-day simple moving average of $145.75. 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. The firm has a market cap of $192.61 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 4.21 and a beta of 0.31.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its 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 firm's revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. JPMorgan Chase & Co. cut their target price on PepsiCo from $138.00 to $137.00 and set a "neutral" rating on the stock in a research report on Friday, October 9th. TD Cowen lowered their price target on PepsiCo from $145.00 to $133.00 and set a "hold" rating for the company in a research report on Monday, September 28th. Morgan Stanley set a $145.00 price objective on PepsiCo in a research note on Friday, October 9th. Royal Bank Of Canada dropped their price objective on PepsiCo from $161.00 to $150.00 and set a "sector perform" rating for the company in a research note on Tuesday, October 6th. Finally, BNP Paribas Exane cut their price objective on PepsiCo from $161.00 to $157.00 and set an "outperform" rating on the stock in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $143.28.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramon Laguarta sold 30,000 shares of the business's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Robert Pohlad acquired 184,646 shares of the business's stock in a transaction dated Wednesday, October 14th. The shares were bought at an average cost of $128.28 per share, for a total transaction of $23,686,388.88. Following the transaction, the director directly owned 433,009 shares of the company's stock, valued at approximately $55,546,394.52. This trade represents a 74.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.12% of the company's stock.

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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