PepsiCo, Inc. $PEP Stock: Carret Asset Management LLC Trims Stake

Key Points

• Carret Asset Management cut its PepsiCo stake by 16% in the third quarter, selling 9,899 shares and retaining 51,953 shares valued at about $6.6 million.
• PepsiCo beat quarterly earnings and revenue estimates, reporting EPS of $2.34 and revenue of $25.27 billion; revenue rose 5.6% year over year.
• The article reports that PepsiCo lowered its 2026 EPS-growth outlook amid persistent North American margin pressure, while international growth and productivity savings may provide some offset.

Carret Asset Management LLC cut its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 51,953 shares of the company's stock after selling 9,899 shares during the period. Carret Asset Management LLC's holdings in PepsiCo were worth $6,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in PepsiCo in the 2nd quarter worth approximately $2,755,509,000. Legal & General Group Plc purchased a new stake in PepsiCo during the 2nd quarter valued at $1,200,274,000. Corient Private Wealth LP purchased a new stake in PepsiCo during the 2nd quarter valued at $297,116,000. Canada Pension Plan Investment Board bought a new stake in shares of PepsiCo in the 2nd quarter worth $487,558,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of PepsiCo by 952.6% in the second quarter. Assenagon Asset Management S.A. now owns 3,715,812 shares of the company's stock worth $503,121,000 after purchasing an additional 3,362,794 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP stock opened at $141.34 on Monday. The company has a market cap of $192.61 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 4.21 and a beta of 0.31. PepsiCo, Inc. has a 1 year low of $123.47 and a 1 year high of $171.48. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76. The stock's fifty day moving average price is $133.33 and its 200-day moving average price is $145.75.

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 the consensus estimate of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. During the same quarter in the previous year, the company posted $2.29 earnings per share. PepsiCo's revenue was up 5.6% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.42 earnings per share for the current year.

Insider Activity at PepsiCo

In related news, CEO Ramon Laguarta sold 30,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 491,645 shares of the company's stock, valued at approximately $66,435,988.85. This represents a 5.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Robert C. Pohlad purchased 184,646 shares of the company's stock in a transaction on Wednesday, October 14th. The stock was purchased 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 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.12% of the company's stock.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, September 24th. UBS Group reduced their price objective on PepsiCo from $159.00 to $145.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Barclays decreased their target price on PepsiCo from $133.00 to $126.00 and set an "equal weight" rating for the company in a research report on Monday, October 12th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $165.00 price target on shares of PepsiCo in a report on Thursday, October 8th. Finally, BNP Paribas Exane reduced their price target on shares of PepsiCo from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $143.28.

About PepsiCo

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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