PepsiCo, Inc. $PEP Stock Sold by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. reduced its PepsiCo holdings by 7.2% in the third quarter, selling 9,728 shares and retaining a position valued at approximately $15.8 million. Institutional investors overall own 73.07% of PepsiCo.
• PepsiCo reported quarterly EPS of $2.34 and revenue of $25.27 billion, exceeding analyst expectations, with revenue up 5.6% year over year. However, the stock faces concerns about weaker beverage momentum, lowered earnings expectations, and operational risks following a Quaker Oats facility incident.
• Shares opened at $135.46, while analysts maintain a consensus “Hold” rating and an average price target of $143.28. Director Robert Pohlad made a sizable purchase, but CEO Ramon Laguarta sold approximately $4.05 million in stock.

Oppenheimer & Co. Inc. lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 124,540 shares of the company's stock after selling 9,728 shares during the period. Oppenheimer & Co. Inc.'s holdings in PepsiCo were worth $15,782,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Verdence Capital Advisors LLC lifted its stake in PepsiCo by 16.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 39,285 shares of the company's stock worth $4,978,000 after acquiring an additional 5,456 shares in the last quarter. Flagship Harbor Advisors LLC grew its stake in PepsiCo by 15.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 15,093 shares of the company's stock valued at $1,913,000 after acquiring an additional 2,075 shares in the last quarter. apricus wealth LLC grew its stake in PepsiCo by 11.8% during the 3rd quarter. apricus wealth LLC now owns 5,684 shares of the company's stock valued at $720,000 after acquiring an additional 600 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of PepsiCo by 1.3% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 178,693 shares of the company's stock valued at $22,644,000 after purchasing an additional 2,249 shares during the period. Finally, Leo Wealth LLC acquired a new position in shares of PepsiCo in the 3rd quarter valued at about $1,169,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Insider Activity at PepsiCo

In other PepsiCo news, Director Robert Pohlad bought 184,646 shares of the firm's stock in a transaction on Wednesday, October 14th. The stock was bought at an average cost of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ramon Laguarta sold 30,000 shares of the stock in a transaction on 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 transaction, 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 disclosure for this sale is available in the SEC filing. Insiders own 0.12% of the company's stock.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo appears potentially undervalued after a choppy year, with investors assessing whether its current valuation is supported by the company’s earnings power. Its sizeable dividend remains a potential attraction for long-term income investors. PepsiCo Stock Looks Below Fair Value After a Choppy Year
• Positive Sentiment: Heavy call-option buying indicates that some traders are positioning for a rebound, though options activity is not a guarantee of future performance. PepsiCo Stock Sees Heavy Call Option Buying
• Neutral Sentiment: A report listed short interest at zero shares and a zero-day days-to-cover ratio. Because the figures conflict with the description of a large increase in short interest, investors should treat the data as potentially anomalous rather than as a meaningful trading signal.
• Neutral Sentiment: Discontinuation of a Mountain Dew flavor is unlikely to materially affect PepsiCo’s financial results, but it illustrates the company’s ongoing need to manage its product portfolio. Mountain Dew Flavor Discontinued
• Negative Sentiment: PepsiCo reportedly cut its earnings outlook while Coca-Cola raised guidance, widening the perceived execution gap between the beverage rivals and weighing on confidence in PepsiCo’s near-term growth. PepsiCo Pays More, Coca-Cola Looks Stronger
• Negative Sentiment: A fire and explosion at a PepsiCo Quaker Oats facility could disrupt production and create repair, safety or supply-chain costs, although the financial impact is not yet clear. Fire and Explosion Strike Quaker Oats Plant
• Negative Sentiment: CEO insider selling worth approximately $4.05 million can pressure sentiment because investors may interpret it as reduced management exposure, even though insider sales can reflect personal financial planning. PepsiCo CEO Sells Stock
• Negative Sentiment: Commentary that PepsiCo is losing ground in the cola wars—including KFC’s reported switch to Coca-Cola—raises concerns about brand momentum and management focus in beverages. Analysts also lowered fiscal 2026 EPS estimates. PepsiCo’s Cola Wars and KFC Challenges Lowered PepsiCo EPS Estimates

PepsiCo Stock Down 0.2%

Shares of PepsiCo stock opened at $135.46 on Tuesday. The firm has a market cap of $184.60 billion, a price-to-earnings ratio of 17.02, a P/E/G ratio of 4.06 and a beta of 0.35. The stock has a 50-day simple moving average of $134.12 and a 200-day simple moving average of $145.99. 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 current ratio of 0.94 and a quick ratio of 0.76.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 53.08% and a net margin of 11.09%. The firm's revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 earnings per share. On average, equities research analysts expect that PepsiCo, Inc. will post 8.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Wells Fargo & Company decreased their price target on shares of PepsiCo from $140.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, October 5th. Sanford C. Bernstein reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, October 9th. JPMorgan Chase & Co. cut 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. Citigroup reiterated a "buy" rating on shares of PepsiCo in a research report on Friday, October 9th. Finally, Weiss Ratings lowered shares of PepsiCo from a "hold (c)" rating to a "hold (c-)" rating in a research note on Thursday, September 24th. One research 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus 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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