PepsiCo, Inc. $PEP Shares Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 363,598 shares of the company’s stock after purchasing an additional 34,092 shares during the quarter. Rakuten Investment Management Inc.’s holdings in PepsiCo were worth $46,791,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Parr Mcknight Wealth Management Group LLC increased its holdings in PepsiCo by 0.9% in the third quarter. Parr Mcknight Wealth Management Group LLC now owns 20,497 shares of the company’s stock valued at $2,597,000 after purchasing an additional 188 shares during the period. MFG Investments LLC acquired a new position in PepsiCo during the 3rd quarter worth about $201,000. Provenance Wealth Advisors LLC grew its position in shares of PepsiCo by 1,108.0% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 5,315 shares of the company’s stock valued at $674,000 after buying an additional 4,875 shares during the last quarter. Associated Banc Corp bought a new position in shares of PepsiCo during the third quarter worth about $14,483,000. Finally, Putney Financial Group LLC acquired a new position in shares of PepsiCo in the third quarter worth approximately $52,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PEP shares. The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of PepsiCo in a research report on Thursday, October 8th. TD Cowen reduced their price objective on shares of PepsiCo from $145.00 to $133.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. Citigroup reaffirmed a “buy” rating on shares of PepsiCo in a research note on Friday, October 9th. Barclays decreased their price objective on shares of PepsiCo from $133.00 to $126.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. Finally, Morgan Stanley set a $145.00 target price on shares of PepsiCo in a research note on Friday, October 9th. One investment 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. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $143.28.

PepsiCo Price Performance

PEP stock opened at $137.27 on Wednesday. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.94 and a quick ratio of 0.76. The company’s 50-day moving average is $133.28 and its 200-day moving average is $145.82. The stock has a market capitalization of $187.06 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 4.19 and a beta of 0.31. PepsiCo, Inc. has a 1 year low of $123.47 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEP) last issued 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 business had revenue of $25.27 billion during the quarter, compared to analyst estimates of $24.95 billion. PepsiCo had a return on equity of 53.08% and a net margin of 11.09%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ramon Laguarta sold 30,000 shares of the 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 directly 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 at this link. Also, Director Robert Pohlad acquired 184,646 shares of the stock in a transaction on Wednesday, October 14th. The shares were acquired at an average price of $128.28 per share, for a total transaction 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. The trade was a 74.35% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.12% of the stock is owned by corporate insiders.

Key Stories Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo renewed and expanded its long-term beverage partnership with Taco Bell, retaining exclusive beverage rights and broadening distribution of products including Mountain Dew Baja Blast. Plans for new functional and energy drinks could create additional opportunities across the partnership. What Is PepsiCo (PEP) Gaining From Its Expanded Beverage Partnership?
• Positive Sentiment: PepsiCo ranked 10th on a hedge-fund-based list of undervalued dividend-growth stocks, with 68 tracked funds holding bullish positions. This supports the view that some investors see value and income potential, though it is not a near-term business catalyst. PepsiCo Remains a Popular Choice for Dividend Investors
• Neutral Sentiment: Coverage of PepsiCo’s functional-food strategy signals a focus on growth beyond traditional snacks and beverages, but the article information provided does not specify initiatives or expected financial impact. Inside PepsiCo’s functional food strategy
• Neutral Sentiment: Costco has brought back a rare PepsiCo seasonal soda that fans reportedly stockpile. The return may support interest in the product, but the article details provided do not indicate a material sales impact. Costco just brought back the rare PepsiCo seasonal soda fans stockpile for emergencies
• Negative Sentiment: A comparison article focuses on Coca-Cola’s stock having outpaced PepsiCo, highlighting relative performance weakness that could weigh on investor sentiment toward PEP. How Did Coca-Cola Stock Leave PepsiCo Behind?

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.