4,176 PepsiCo, Inc. $PEP Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 71.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,693 shares of the company’s stock after selling 4,176 shares during the period. Parcion Private Wealth LLC’s holdings in PepsiCo were worth $215,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Partners Wealth Management LLC boosted its stake in PepsiCo by 83.0% during the 3rd quarter. Partners Wealth Management LLC now owns 3,660 shares of the company’s stock valued at $464,000 after purchasing an additional 1,660 shares in the last quarter. Soltis Investment Advisors LLC raised its stake in shares of PepsiCo by 53.5% in the 3rd quarter. Soltis Investment Advisors LLC now owns 108,715 shares of the company’s stock worth $13,776,000 after buying an additional 37,909 shares in the last quarter. United Asset Strategies Inc. raised its stake in shares of PepsiCo by 2.2% in the 3rd quarter. United Asset Strategies Inc. now owns 48,968 shares of the company’s stock worth $6,205,000 after buying an additional 1,052 shares in the last quarter. Choreo LLC raised its stake in shares of PepsiCo by 2.2% in the 3rd quarter. Choreo LLC now owns 92,620 shares of the company’s stock worth $11,737,000 after buying an additional 2,034 shares in the last quarter. Finally, Values Added Financial LLC lifted its holdings in shares of PepsiCo by 4.6% in the third quarter. Values Added Financial LLC now owns 2,980 shares of the company’s stock valued at $378,000 after buying an additional 130 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 2.2%

PepsiCo stock opened at $137.27 on Wednesday. The firm has a market cap of $187.06 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 4.19 and a beta of 0.31. PepsiCo, Inc. has a 1 year low of $123.47 and a 1 year high of $171.48. The firm’s 50 day moving average price is $133.28 and its two-hundred day moving average price is $145.82. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.76 and a current ratio of 0.94.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 7th. The company reported $2.34 EPS 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 the consensus estimate of $24.95 billion. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.29 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo stock in a transaction 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 transaction, the chief executive officer directly owned 491,645 shares in the company, valued at $66,435,988.85. The trade was a 5.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert Pohlad bought 184,646 shares of the business’s stock in a transaction dated Wednesday, October 14th. The shares were bought at an average cost of $128.28 per share, for a total transaction 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 $55,546,394.52. This trade represents a 74.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of several research reports. Weiss Ratings cut PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 24th. TD Cowen lowered their target price on PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a report on Monday, September 28th. Piper Sandler dropped their price target on shares of PepsiCo from $176.00 to $140.00 and set an “overweight” rating on the stock in a research report on Friday, October 9th. UBS Group cut their price target on shares of PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $143.28.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo renewed and expanded its long-term beverage partnership with Taco Bell, retaining exclusive beverage rights and broadening distribution of products including Mountain Dew Baja Blast. Plans for new functional and energy drinks could create additional opportunities across the partnership. What Is PepsiCo (PEP) Gaining From Its Expanded Beverage Partnership?
• Positive Sentiment: PepsiCo ranked 10th on a hedge-fund-based list of undervalued dividend-growth stocks, with 68 tracked funds holding bullish positions. This supports the view that some investors see value and income potential, though it is not a near-term business catalyst. PepsiCo Remains a Popular Choice for Dividend Investors
• Neutral Sentiment: Coverage of PepsiCo’s functional-food strategy signals a focus on growth beyond traditional snacks and beverages, but the article information provided does not specify initiatives or expected financial impact. Inside PepsiCo’s functional food strategy
• Neutral Sentiment: Costco has brought back a rare PepsiCo seasonal soda that fans reportedly stockpile. The return may support interest in the product, but the article details provided do not indicate a material sales impact. Costco just brought back the rare PepsiCo seasonal soda fans stockpile for emergencies
• Negative Sentiment: A comparison article focuses on Coca-Cola’s stock having outpaced PepsiCo, highlighting relative performance weakness that could weigh on investor sentiment toward PEP. How Did Coca-Cola Stock Leave PepsiCo Behind?

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.