PepsiCo, Inc. (NASDAQ:PEP – Get Free Report) was up 3.8% during mid-day trading on Wednesday. The company traded as high as $143.96 and last traded at $142.42. 12,075,294 shares changed hands during trading, an increase of 47% from the average daily volume of 8,204,689 shares. The stock had previously closed at $137.27.
More PepsiCo News
Here are the key news stories impacting PepsiCo this week:
- Positive Sentiment: PepsiCo’s snack pricing and affordability initiatives are reportedly helping lift volumes and consumer demand, suggesting its strategy may be supporting sales growth. Rising costs could limit the benefit to earnings. Can PepsiCo’s Snack Pricing Strategy Drive Volume Growth?
- Positive Sentiment: PepsiCo renewed and expanded its exclusive beverage partnership with Taco Bell, including broader distribution and plans for new functional and energy-drink offerings. The deal could support brand visibility and sales, though the financial impact is not quantified. What Is PepsiCo Gaining From Its Expanded Beverage Partnership?
- Neutral Sentiment: A comparison of PepsiCo and Clorox notes improving organic sales growth at PepsiCo but a sluggish earnings recovery. That points to better sales momentum, while signaling that stronger earnings growth remains an investor concern. Clorox vs. PepsiCo: Which Dividend Stock Could Make You Richer Over the Next 10 Years?
- Negative Sentiment: India’s food safety regulator accused PepsiCo and Monster of using an “energy drink” label in a way it says misled consumers. The allegations raise potential regulatory and reputational concerns; the articles provided do not specify any penalties or final findings. India says PepsiCo, Monster marketed with ‘energy drink’ label to dupe consumers
- Negative Sentiment: Reports highlighting rising costs and margin pressure reinforce the risk that volume gains may not translate into stronger profits. Separate coverage questioning the growth outlook for prebiotic soda following a Poppi reassessment adds uncertainty around that category’s prospects. PepsiCo’s Poppi devaluation raises questions about prebiotic soda’s next chapter
Analyst Upgrades and Downgrades
Several brokerages have issued reports on PEP. Weiss Ratings cut PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, September 24th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $138.00 to $137.00 and set a “neutral” rating for the company in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $132.00 price objective on shares of PepsiCo in a research report on Friday, October 9th. The Goldman Sachs Group reiterated a “buy” rating and issued a $165.00 target price on shares of PepsiCo in a report on Thursday, October 8th. Finally, Citigroup reissued a “buy” rating on shares of PepsiCo in a research report on Friday, October 9th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $143.28.
View Our Latest Research Report on PepsiCo
PepsiCo Stock Performance
The business has a 50 day simple moving average of $133.28 and a 200 day simple moving average of $145.82. 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 has a market capitalization of $194.19 billion, a PE ratio of 17.90, a PEG ratio of 4.19 and a beta of 0.31.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.
Insider Transactions at PepsiCo
In other news, Director Robert C. Pohlad bought 184,646 shares of the company’s stock in a transaction that occurred on Wednesday, October 14th. The shares were purchased at an average price 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 in the company, valued at approximately $55,546,394.52. This represents a 74.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ramon Laguarta sold 30,000 shares of the stock in a transaction that occurred 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 completion of 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 SEC filing for this sale provides additional information. 0.12% of the stock is currently owned by corporate insiders.
Institutional Trading of PepsiCo
Several large investors have recently made changes to their positions in PEP. Texas Bank & Trust Co boosted its position in PepsiCo by 4.1% during the third quarter. Texas Bank & Trust Co now owns 7,074 shares of the company’s stock worth $896,000 after acquiring an additional 280 shares during the last quarter. Vestor Capital LLC boosted its holdings in shares of PepsiCo by 185.8% during the third quarter. Vestor Capital LLC now owns 2,787 shares of the company’s stock worth $353,000 after purchasing an additional 1,812 shares during the last quarter. Kestra Investment Management LLC boosted its holdings in shares of PepsiCo by 19.0% during the third quarter. Kestra Investment Management LLC now owns 6,100 shares of the company’s stock worth $773,000 after purchasing an additional 976 shares during the last quarter. Fulcrum Asset Management LLP grew its position in shares of PepsiCo by 30.6% in the third quarter. Fulcrum Asset Management LLP now owns 1,085 shares of the company’s stock valued at $140,000 after purchasing an additional 254 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of PepsiCo by 1.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 152,697 shares of the company’s stock valued at $19,179,000 after purchasing an additional 1,457 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.
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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