16,741 PepsiCo, Inc. $PEP Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 22.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,100 shares of the company’s stock after selling 16,741 shares during the period. Hennessy Advisors Inc.’s holdings in PepsiCo were worth $7,362,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PEP. Evergreen Advisors LLC purchased a new stake in PepsiCo in the first quarter worth approximately $25,000. Montgomery Financial Services LLC purchased a new position in PepsiCo in the 2nd quarter worth $25,000. Atlatl Advisers LLC bought a new stake in PepsiCo in the second quarter worth $31,000. Osterweis Capital Management Inc. purchased a new stake in PepsiCo during the second quarter valued at about $31,000. Finally, Kilter Group LLC purchased a new stake in PepsiCo during the second quarter valued at about $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $137.34 on Monday. The company has a market cap of $187.16 billion, a PE ratio of 17.25, a price-to-earnings-growth ratio of 4.10 and a beta of 0.35. 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 company’s 50-day moving average price is $133.49 and its 200-day moving average price is $145.87. PepsiCo, Inc. has a twelve month low of $123.47 and a twelve month high of $171.48.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.05. The company had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. PepsiCo had a net margin of 11.09% and a return on equity of 53.08%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $2.29 EPS. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ramon Laguarta sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 491,645 shares in the company, valued at approximately $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Pohlad acquired 184,646 shares of the stock in a transaction dated Wednesday, October 14th. The shares were bought at an average price of $128.28 per share, with a total value 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. The SEC filing for this purchase provides additional information. Corporate insiders own 0.12% of the company’s stock.

Key Stories Impacting 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.

Analysts Set New Price Targets

PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a “hold” rating on shares of PepsiCo in a report on Thursday, October 8th. Morgan Stanley set a $145.00 price target on shares of PepsiCo in a research report on Friday, October 9th. UBS Group dropped their target price on PepsiCo from $159.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Freedom Broker raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 10th. Finally, Evercore dropped their target price on shares of PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. 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 stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $143.28.

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.