PepsiCo, Inc. $PEP Stock Holdings Lifted by Kornitzer Capital Management Inc. KS

Key Points

• Kornitzer Capital Management increased its PepsiCo stake by 1.9% in the third quarter, adding 7,722 shares to hold 419,911 shares valued at about $53.2 million. Institutional investors collectively own 73.07% of the company.
• PepsiCo reported quarterly earnings of $2.34 per share and revenue of $25.27 billion, both above analyst expectations; revenue grew 5.6% year over year.
• Analysts’ consensus rating is Hold, with an average price target of $143.28. The article also notes pressure on North American margins and a lowered 2026 EPS growth outlook.

Kornitzer Capital Management Inc. KS boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419,911 shares of the company's stock after purchasing an additional 7,722 shares during the quarter. PepsiCo comprises 1.0% of Kornitzer Capital Management Inc. KS's investment portfolio, making the stock its 24th biggest position. Kornitzer Capital Management Inc. KS's holdings in PepsiCo were worth $53,211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. BlackRock Inc. grew its stake in PepsiCo by 2.1% during the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company's stock worth $16,015,363,000 after buying an additional 2,440,377 shares in the last quarter. State Street Corp increased its holdings in PepsiCo by 1.7% in the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company's stock valued at $8,179,099,000 after buying an additional 987,582 shares during the period. Bank of America Corp DE raised its position in shares of PepsiCo by 0.6% in the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company's stock valued at $3,305,146,000 after buying an additional 133,325 shares in the last quarter. Amundi raised its position in shares of PepsiCo by 16.8% in the 1st quarter. Amundi now owns 11,444,671 shares of the company's stock valued at $1,777,243,000 after buying an additional 1,647,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of PepsiCo by 4.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company's stock worth $1,600,114,000 after acquiring an additional 549,336 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

Insider Buying and Selling

In related news, Director Robert Pohlad acquired 184,646 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was acquired 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 in the company, valued at $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $4,053,900.00. Following the completion of the transaction, the chief executive officer directly owned 491,645 shares of the company's stock, valued at approximately $66,435,988.85. The trade was a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEP. Sanford C. Bernstein reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, October 9th. BNP Paribas Exane lowered 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. UBS Group lowered their price objective on shares of PepsiCo from $159.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, October 2nd. Weiss Ratings cut PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. Finally, Evercore reduced their target price on PepsiCo from $150.00 to $135.00 in a report on Wednesday, September 30th. 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 issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $143.28.

PepsiCo Stock Performance

PepsiCo stock opened at $141.34 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.94 and a debt-to-equity ratio of 1.90. The stock has a market cap of $192.61 billion, a PE ratio of 17.76, a P/E/G ratio of 4.21 and a beta of 0.31. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48. The business's 50-day moving average price is $133.33 and its two-hundred day moving average price is $145.75.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.05. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The firm had revenue of $25.27 billion during the quarter, compared to analysts' expectations of $24.95 billion. During the same quarter in the prior year, the business earned $2.29 earnings per share. The business's revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 8.42 earnings per share for the current fiscal year.

Key Headlines 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 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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