PepsiCo, Inc. $PEP Stock: Lindsell Train Ltd Reduces Stake

Key Points

• Lindsell Train cut its PepsiCo stake by 7.1% in the third quarter, selling 72,718 shares. It retained 950,988 shares worth about $120.5 million, its eighth-largest portfolio holding.
• Institutional investors’ activity was mixed: BlackRock, State Street and others added shares, while hedge funds and institutions collectively own about 73.1% of PepsiCo.
• PepsiCo beat quarterly earnings and revenue estimates, but North American margin pressure and a lower 2026 EPS growth outlook weigh on the outlook; analysts’ consensus rating is Hold.

Lindsell Train Ltd trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 950,988 shares of the company's stock after selling 72,718 shares during the period. PepsiCo makes up approximately 5.2% of Lindsell Train Ltd's portfolio, making the stock its 8th biggest holding. Lindsell Train Ltd owned approximately 0.07% of PepsiCo worth $120,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its holdings in shares of PepsiCo by 2.1% in the 2nd 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 during the last quarter. State Street Corp raised its position in shares of PepsiCo by 1.7% during 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 in the last quarter. Bank of America Corp DE grew its position in PepsiCo by 0.6% in the first quarter. Bank of America Corp DE now owns 21,283,701 shares of the company's stock worth $3,305,146,000 after acquiring an additional 133,325 shares in the last quarter. Amundi grew its position in PepsiCo by 16.8% in the first quarter. Amundi now owns 11,444,671 shares of the company's stock worth $1,777,243,000 after acquiring an additional 1,647,506 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in PepsiCo by 4.9% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company's stock valued at $1,600,114,000 after acquiring an additional 549,336 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo News Summary

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

Insider Activity at PepsiCo

In other news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 21st. The stock was sold at an average price of $135.13, for a total value of $4,053,900.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Pohlad bought 184,646 shares of PepsiCo stock in a transaction dated Wednesday, October 14th. The shares were acquired at an average cost of $128.28 per share, for a total transaction 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. 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 Trading Up 0.2%

NASDAQ PEP opened at $142.71 on Friday. PepsiCo, Inc. has a 1-year low of $123.47 and a 1-year high of $171.48. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.90. The stock has a 50-day moving average of $133.30 and a 200-day moving average of $145.78. The firm has a market cap of $194.48 billion, a PE ratio of 17.93, a price-to-earnings-growth ratio of 4.24 and a beta of 0.31.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $24.95 billion. During the same quarter last year, the business earned $2.29 earnings per share. The business's revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Evercore lowered their price target on PepsiCo from $150.00 to $135.00 in a research report on Wednesday, September 30th. Sanford C. Bernstein reiterated a "market perform" rating on shares of PepsiCo in a report on Friday, October 9th. Wells Fargo & Company reduced their price objective on PepsiCo from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, October 5th. The Goldman Sachs Group reissued a "buy" rating and set a $165.00 price objective on shares of PepsiCo in a report on Thursday, October 8th. Finally, Jefferies Financial Group restated a "hold" rating on shares of PepsiCo in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $143.28.

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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