PepsiCo, Inc. $PEP Holdings Increased by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9,926.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,279,847 shares of the company’s stock after acquiring an additional 2,257,108 shares during the period. PepsiCo makes up approximately 2.3% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 13th biggest position. Beutel Goodman & Co Ltd.’s holdings in PepsiCo were worth $288,902,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in PepsiCo by 2.1% during the second quarter. BlackRock Inc. now owns 118,281,854 shares of the company’s stock valued at $16,015,363,000 after purchasing an additional 2,440,377 shares during the period. State Street Corp boosted its holdings in shares of PepsiCo by 1.7% in the 2nd quarter. State Street Corp now owns 60,406,932 shares of the company’s stock worth $8,179,099,000 after purchasing an additional 987,582 shares during the period. Bank of America Corp DE increased its position in shares of PepsiCo by 0.6% during the 1st quarter. Bank of America Corp DE now owns 21,283,701 shares of the company’s stock valued at $3,305,146,000 after purchasing an additional 133,325 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of PepsiCo by 4.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,817,684 shares of the company’s stock valued at $1,600,114,000 after purchasing an additional 549,336 shares during the last quarter. Finally, Amundi raised its holdings in PepsiCo by 16.8% during the 1st quarter. Amundi now owns 11,444,671 shares of the company’s stock valued at $1,777,243,000 after buying an additional 1,647,506 shares during the period. 73.07% of the stock is owned by institutional investors.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramon Laguarta sold 30,000 shares of the company’s 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 owned 491,645 shares of the company’s stock, valued at $66,435,988.85. This represents a 5.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert Pohlad bought 184,646 shares of PepsiCo stock in a transaction on Wednesday, October 14th. The stock was acquired at an average price of $128.28 per share, for a total transaction of $23,686,388.88. Following the purchase, the director 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.12% of the company’s stock.

Trending Headlines about PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Consumer stocks, including the consumer-staples sector, were higher late Monday, providing a supportive backdrop for PEP. Read More.
• Positive Sentiment: PepsiCo is emphasizing zero-sugar drinks, flavored sodas and functional hydration to respond to changing preferences and pursue beverage growth. The strategy is supported by reported traction in zero-sugar offerings, though broader demand remains a question. Read More.
• Positive Sentiment: PepsiCo renewed beverage-supply agreements with KFC in eight international markets, retaining an important customer channel outside the U.S. Read More.
• Neutral Sentiment: The company is expanding holiday retail and marketing efforts, including campaigns tied to football. This could support brand visibility, but the article gives no sales impact. Read More.
• Negative Sentiment: PepsiCo plans to cut about 1,000 North American jobs as part of a turnaround and effort to streamline operations. Potential cost savings may help, but the cuts also underscore struggles in a key business region. Read More.
• Negative Sentiment: Poppi’s founders launched Jetty, a hydration brand entering a category that includes PepsiCo’s Gatorade. The new competitor may add pressure in functional beverages, although its near-term effect on PepsiCo is uncertain. Read More.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Morgan Stanley set a $145.00 price target on PepsiCo in a research report on Friday, October 9th. Citigroup reaffirmed a “buy” rating on shares of PepsiCo in a research note on Friday, October 9th. BNP Paribas Exane cut their price objective on shares of PepsiCo from $161.00 to $157.00 and set an “outperform” rating on the stock in a research report on Friday, October 9th. Jefferies Financial Group reissued a “hold” rating on shares of PepsiCo in a research note on Thursday, October 8th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $140.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus price target of $143.28.

PepsiCo Stock Up 0.4%

Shares of NASDAQ:PEP opened at $141.88 on Tuesday. The firm has a market capitalization of $193.35 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 4.24 and a beta of 0.31. The business has a 50 day simple moving average of $133.35 and a two-hundred day simple moving average of $145.72. PepsiCo, Inc. has a 1 year low of $123.47 and a 1 year high of $171.48. 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 (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 7th. The company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.05. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The firm had revenue of $25.27 billion for the quarter, compared to the consensus estimate of $24.95 billion. During the same period in the prior year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.42 EPS for the current year.

PepsiCo Company Profile

PepsiCo, Inc is a global food and beverage company that develops, manufactures, markets and distributes a broad range of products. Its portfolio includes snacks such as Lay’s, Doritos and Cheetos, as well as beverages including Pepsi, Gatorade and Mountain Dew.

The company was formed in 1965 through the merger of Pepsi-Cola and Frito-Lay. Its products are sold in more than 200 countries and territories through retail, food-service and other distribution channels.

PepsiCo is headquartered in Purchase, New York.