PepsiCo, Inc. $PEP Stock Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 73.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,095 shares of the company’s stock after selling 5,935 shares during the period. Westover Capital Advisors LLC’s holdings in PepsiCo were worth $265,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Evergreen Advisors LLC acquired a new position in PepsiCo during the first quarter valued at approximately $25,000. Montgomery Financial Services LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $25,000. Atlatl Advisers LLC bought a new stake in shares of PepsiCo during the 2nd quarter worth approximately $31,000. Osterweis Capital Management Inc. bought a new stake in shares of PepsiCo during the 2nd quarter worth approximately $31,000. Finally, Kilter Group LLC acquired a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $33,000. Institutional investors 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 roughly 4.3% dividend yield is nearly twice Coca-Cola’s 2.2%, reinforcing PEP’s appeal to income-focused investors. Both companies are Dividend Kings with more than five decades of consecutive dividend increases. Coca-Cola Yields Just 2.2% Compared to 4.3% for PepsiCo
• Positive Sentiment: PepsiCo and Grimme are developing a virtual potato harvester designed to help growers protect crop quality and reduce waste. The technology could support supply-chain efficiency and the Frito-Lay business over time. Inside the Virtual Potato Harvester
• Positive Sentiment: One valuation analysis described PEP as potentially below fair value after a roughly 7.4% 12-month decline, which may attract investors seeking a discounted consumer-staples stock. PepsiCo Stock Looks Below Fair Value
• Neutral Sentiment: PepsiCo’s latest reported quarter exceeded analyst expectations, with $2.34 in EPS and $25.27 billion in revenue, although investors remain focused on whether growth can reaccelerate.
• Neutral Sentiment: A reported short-interest update showed zero shares sold short and a zero-day days-to-cover ratio, an unusual figure that may reflect incomplete or unreliable data rather than a meaningful trading signal.
• Negative Sentiment: A fire and explosion at a PepsiCo Quaker Oats plant could create temporary production, supply-chain and cost disruptions. Fire, Explosion Strike PepsiCo Quaker Oats Plant
• Negative Sentiment: CEO Ramon Laguarta reportedly sold approximately $4.05 million of PEP stock, which can weigh on sentiment even though insider sales may be routine. PepsiCo CEO Sells Stock
• Negative Sentiment: PepsiCo faces an ₹8,000 consumer payout over an alleged Lay’s packet-weight dispute, adding a minor legal and reputational concern. PepsiCo Faces Payout Over Lay’s Packet Weight Dispute
• Negative Sentiment: Commentary argues PepsiCo has lost focus in the cola business and notes Coca-Cola’s stronger recent share-price performance, raising concerns about execution and competitive positioning. PepsiCo Started Losing the Cola Wars

PepsiCo Stock Down 1.4%

PEP opened at $133.50 on Wednesday. PepsiCo, Inc. has a 12-month low of $123.47 and a 12-month high of $171.48. The business has a 50 day moving average of $133.91 and a 200-day moving average of $145.96.

PepsiCo (NASDAQ:PEP) last posted its 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. The business had revenue of $25.27 billion for the quarter, compared to analyst estimates of $24.95 billion. During the same period in the previous year, the firm posted $2.29 earnings per share. The firm’s revenue was up 5.6% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.39 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PEP shares. Freedom Broker raised shares of PepsiCo from a “hold” rating to a “strong-buy” rating in a research note on Saturday, October 10th. Barclays dropped their price target on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating on the stock in a research report on Monday, October 12th. Piper Sandler cut their price target on shares of PepsiCo from $176.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $132.00 price objective on shares of PepsiCo in a research report on Friday, October 9th. Finally, Jefferies Financial Group restated a “hold” rating on shares of PepsiCo in a research note on Thursday, October 8th. One 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $143.28.

Insiders Place Their Bets

In related news, Director Robert C. Pohlad bought 184,646 shares of PepsiCo stock in a transaction that occurred on Wednesday, October 14th. The stock was acquired at an average price of $128.28 per share, with a total value of $23,686,388.88. Following the acquisition, the director owned 433,009 shares of the company’s stock, valued at approximately $55,546,394.52. This represents a 74.35% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ramon Laguarta sold 30,000 shares of PepsiCo 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 sale, the chief executive officer directly owned 491,645 shares of the company’s stock, valued at $66,435,988.85. The trade was a 5.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

PepsiCo 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.