PepsiCoPEP
About: PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.
Employees: 318,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
54% more first-time investments, than exits
New positions opened: 189 | Existing positions closed: 123
4% more call options, than puts
Call options by funds: $2.1B | Put options by funds: $2.02B
1% more funds holding
Funds holding: 3,262 [Q2] → 3,280 (+18) [Q3]
1% less capital invested
Capital invested by funds: $176B [Q2] → $174B (-$1.79B) [Q3]
6% less repeat investments, than reductions
Existing positions increased: 1,316 | Existing positions reduced: 1,407
2.83% less ownership
Funds ownership: 77.13% [Q2] → 74.3% (-2.83%) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 87 [Q2] → 72 (-15) [Q3]
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
6 analyst ratings
Barclays Lauren Lieberman 36% 1-year accuracy 32 / 88 met price target | 7%upside $158 | Overweight Maintained | 17 Jan 2025 |
UBS Peter Grom 41% 1-year accuracy 9 / 22 met price target | 18%upside $175 | Buy Maintained | 16 Jan 2025 |
TD Cowen Robert Moskow 50% 1-year accuracy 30 / 60 met price target | 8%upside $160 | Hold Maintained | 8 Jan 2025 |
Wells Fargo Chris Carey 40% 1-year accuracy 17 / 43 met price target | 5%upside $155 | Equal-Weight Maintained | 7 Jan 2025 |
Piper Sandler Mike Lavery 50% 1-year accuracy 1 / 2 met price target | 15%upside $171 | Overweight Initiated | 7 Jan 2025 |
Financial journalist opinion
Based on 46 articles about PEP published over the past 30 days
