PepsiCo, Inc. $PEP Shares Purchased by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 105,944 shares of the company’s stock after buying an additional 4,860 shares during the quarter. PepsiCo comprises about 1.4% of Stockman Wealth Management Inc.’s holdings, making the stock its 28th largest position. Stockman Wealth Management Inc.’s holdings in PepsiCo were worth $13,425,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC lifted its holdings in shares of PepsiCo by 1.1% during the third quarter. Laurel Wealth Advisors LLC now owns 30,595 shares of the company’s stock worth $3,877,000 after purchasing an additional 341 shares during the period. Conning Inc. grew its position in PepsiCo by 8.3% in the 3rd quarter. Conning Inc. now owns 285,639 shares of the company’s stock valued at $36,196,000 after buying an additional 21,775 shares during the last quarter. AMI Investment Management Inc. increased its stake in PepsiCo by 8.3% in the 3rd quarter. AMI Investment Management Inc. now owns 4,739 shares of the company’s stock valued at $601,000 after buying an additional 363 shares during the period. William Mack & Associates Inc. purchased a new position in PepsiCo during the 3rd quarter worth $98,000. Finally, Victory Financial Group LLC raised its position in PepsiCo by 71.2% during the 3rd quarter. Victory Financial Group LLC now owns 3,214 shares of the company’s stock worth $407,000 after buying an additional 1,337 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo’s discounted valuation and dividend yield of approximately 4.3% could support a recovery. Analysts at Morningstar reportedly see greater upside in PepsiCo than Coca-Cola because of the lower valuation and potential for an operational rebound. Coca-Cola Vs. PepsiCo: Which Beverage Giant Offers Stronger Upside After Q3 Earnings?
• Positive Sentiment: The company is pursuing a North American reset centered on cost reductions, renewed brand investment and portfolio innovation. Successful execution could improve margins and revive growth. Its long-running dividend increases also reinforce PepsiCo’s appeal to defensive-income investors. PepsiCo’s North America Reset: Can Cost Cuts Restore Growth?
• Positive Sentiment: Taco Bell is maintaining its relationship with PepsiCo and Mountain Dew, including Baja Blast, preserving an important restaurant-channel partnership. PepsiCo is also working with Grimme on virtual potato-harvesting technology designed to protect quality and reduce waste.
• Neutral Sentiment: Commentary emphasizes that PepsiCo’s brands and staple products tend to remain resilient during economic slowdowns, but dividend reliability and long-term growth prospects vary across beverage companies. Coca-Cola has delivered stronger recent share-price performance despite PepsiCo’s higher yield. 3 Beverage Stocks With Dependable Brands
• Negative Sentiment: North America remains the central problem: stagnant demand, consumer pressure and elevated costs have prompted the reset. An activist investor’s involvement adds pressure for faster operational improvement and could increase uncertainty around strategy. PepsiCo Hasn’t Been This Cheap Relative to Earnings
• Negative Sentiment: Reports of an ?8,000 payout related to a Lay’s packet-weight dispute create a minor legal and reputational overhang, while KFC’s decision to drop Pepsi signals some restaurant-channel weakness.

Insider Transactions at PepsiCo

In related news, Director Robert C. Pohlad acquired 184,646 shares of the firm’s stock in a transaction that occurred on Wednesday, October 14th. The shares were purchased at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the completion of the acquisition, the director 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Ramon Laguarta sold 30,000 shares of the company’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 transaction, the chief executive officer owned 491,645 shares in the company, valued at $66,435,988.85. The trade was a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.12% of the company’s stock.

PepsiCo Trading Down 0.7%

Shares of PEP stock opened at $132.63 on Thursday. The business’s fifty day moving average price is $133.76 and its 200 day moving average price is $145.93. The firm has a market capitalization of $180.74 billion, a PE ratio of 16.66, a P/E/G ratio of 4.06 and a beta of 0.35. 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 released its earnings results 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%. PepsiCo’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.29 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. TD Cowen reduced their target price on shares of PepsiCo from $145.00 to $133.00 and set a “hold” rating for the company in a research note on Monday, September 28th. Evercore dropped their price target on shares of PepsiCo from $150.00 to $135.00 in a research note on Wednesday, September 30th. Freedom Broker raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a report on Saturday, October 10th. Wells Fargo & Company cut their price target 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. Finally, UBS Group reduced their price objective on shares of PepsiCo from $159.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price 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.