131,498 PepsiCo, Inc. $PEP Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the third quarter, HoldingsChannel reports. The firm owned 3,418,671 shares of the company’s stock after selling 131,498 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in PepsiCo were worth $433,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Core Capital Management & Research inc. bought a new stake in PepsiCo during the 2nd quarter valued at $932,000. State Street Corp boosted its holdings in shares of PepsiCo by 1.7% in the second quarter. State Street Corp now owns 60,406,932 shares of the company’s stock worth $8,179,099,000 after acquiring an additional 987,582 shares during the period. First Nebraska Trust Co bought a new position in shares of PepsiCo in the first quarter worth $10,782,000. The Manufacturers Life Insurance Company grew its position in shares of PepsiCo by 19.0% in the second quarter. The Manufacturers Life Insurance Company now owns 1,110,852 shares of the company’s stock valued at $150,409,000 after purchasing an additional 177,468 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of PepsiCo by 157.0% in the first quarter. Jennison Associates LLC now owns 529,129 shares of the company’s stock valued at $82,168,000 after purchasing an additional 323,278 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at PepsiCo

In related news, CEO Ramon Laguarta sold 30,000 shares of PepsiCo 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 transaction, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. This trade represents a 5.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Pohlad purchased 184,646 shares of the stock in a transaction on Wednesday, October 14th. The stock was acquired at an average cost 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 $55,546,394.52. The trade was a 74.35% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.12% of the stock is currently owned by company insiders.

PepsiCo Stock Performance

NASDAQ:PEP opened at $137.34 on Friday. The company has a market capitalization 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 has a 50 day moving average of $133.49 and a 200 day moving average of $145.87. 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, Inc. has a 1-year low of $123.47 and a 1-year 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, topping analysts’ consensus estimates of $2.29 by $0.05. The firm 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 business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.29 EPS. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.39 earnings per share for the current fiscal year.

PepsiCo News Summary

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

PEP has been the topic of several analyst reports. UBS Group decreased their price target on PepsiCo from $159.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, October 2nd. TD Cowen cut their price objective on shares of PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a research report on Monday, September 28th. BNP Paribas Exane reduced their price objective on shares of PepsiCo from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Friday, October 9th. Weiss Ratings lowered shares of PepsiCo from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 24th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average 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.