PepsiCo, Inc. $PEP Stock Sold by Summit Global Investments

Key Points

• Summit Global Investments reduced its PepsiCo stake by 22.7% in the third quarter, selling 8,824 shares and retaining 30,108 shares valued at approximately $3.8 million. Institutional investors collectively own 73.07% of PepsiCo.
• PepsiCo exceeded third-quarter expectations, reporting revenue of $25.27 billion and adjusted EPS of $2.34, while revenue increased 5.6% year over year. However, the company lowered its 2026 core EPS growth forecast to 1%–2% amid margin pressure and ongoing weakness in North America.
• Analyst sentiment remains cautious, with PepsiCo carrying a consensus “Hold” rating and a $143.28 average price target versus a recent price near $137. Insider activity was mixed: a director made a significant purchase, while CEO Ramon Laguarta sold 30,000 shares.

Summit Global Investments lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 22.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,108 shares of the company's stock after selling 8,824 shares during the quarter. Summit Global Investments' holdings in PepsiCo were worth $3,815,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Greatmark Investment Partners Inc. grew its holdings in shares of PepsiCo by 2.7% in the third quarter. Greatmark Investment Partners Inc. now owns 7,229 shares of the company's stock valued at $916,000 after purchasing an additional 192 shares in the last quarter. Americana Partners LLC increased its stake in PepsiCo by 4.0% during the third quarter. Americana Partners LLC now owns 122,629 shares of the company's stock worth $15,540,000 after acquiring an additional 4,696 shares during the last quarter. Aprio Wealth Management LLC raised its position in PepsiCo by 5.0% during the third quarter. Aprio Wealth Management LLC now owns 14,564 shares of the company's stock valued at $1,846,000 after purchasing an additional 690 shares during the period. Raleigh Capital Management Inc. raised its holdings in PepsiCo by 18.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 18,789 shares of the company's stock valued at $2,381,000 after buying an additional 2,959 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of PepsiCo by 1,128.7% in the 3rd quarter. International Assets Investment Management LLC now owns 176,000 shares of the company's stock worth $22,303,000 after acquiring an additional 161,676 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Quarterly results exceeded expectations. Third-quarter revenue rose 5.6% year over year to $25.27 billion, topping consensus, while core earnings per share of $2.34 also beat estimates. Organic revenue growth accelerated to 3.1%. Why PepsiCo (PEP) Stock Is Up Today
• Positive Sentiment: Operating trends showed improvement. PepsiCo reported organic volume growth across global beverages and convenient foods, broad strength in international markets, and sequential improvement in North American foods. Its updated outlook calls for approximately 6% net revenue growth and about 3% organic revenue growth in 2026. Why PepsiCo (PEP) Stock Is Up Today
• Positive Sentiment: Income appeal remains a supporting factor. Analysts and investment commentary continue to highlight PepsiCo’s dividend, which offers a yield above 4%, as well as the defensive nature of its combined beverage-and-snacks portfolio. Why Is PepsiCo Stock Falling, and Is It a Buying Opportunity?
• Neutral Sentiment: Valuation and positioning could attract buyers. PEP trades well below its 52-week high, and the median analyst price target cited is $168 versus a recent share price near $137. However, institutional ownership data showed both significant additions and reductions, indicating mixed conviction.
• Negative Sentiment: Profit guidance was reduced. PepsiCo cut its 2026 core constant-currency EPS growth forecast to 1%–2%, down from the low end of its prior 4%–6% range. The downgrade reflects continuing pressure on margins and profitability despite firmer revenue expectations. PepsiCo stock outlook cut as North American reset deepens
• Negative Sentiment: North America remains the key risk. PepsiCo has cut prices by as much as 15% to win back price-sensitive consumers, raising questions about pricing power and future margins. The stock also remains below its 200-day moving average, reflecting investors’ caution about the recovery.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays decreased their price target on PepsiCo from $133.00 to $126.00 and set an "equal weight" rating for the company in a research note on Monday, October 12th. Piper Sandler cut their price target on PepsiCo from $176.00 to $140.00 and set an "overweight" rating on the stock in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $132.00 target price on shares of PepsiCo in a research note on Friday, October 9th. Sanford C. Bernstein reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, October 9th. Finally, Evercore cut their price target on PepsiCo from $150.00 to $135.00 in a research report on Wednesday, September 30th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $143.28.

Insider Activity at PepsiCo

In related news, Director Robert Pohlad bought 184,646 shares of the 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 acquisition, the director directly owned 433,009 shares in the company, valued at approximately $55,546,394.52. This trade represents a 74.35% increase in their position. The acquisition 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 company'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 sale, the chief executive officer 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.12% of the company's stock.

PepsiCo Trading Up 2.7%

PEP stock opened at $137.34 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.76 and a debt-to-equity ratio of 1.90. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48. The stock has a market cap of $187.16 billion, a price-to-earnings ratio of 17.25, a PEG ratio of 4.10 and a beta of 0.35. The business's 50-day moving average is $133.49 and its 200 day moving average is $145.87.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 EPS for the quarter, beating the consensus estimate of $2.29 by $0.05. The firm had revenue of $25.27 billion during 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

PepsiCo 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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