LMCG Investments 13F: Adds $1M to PepsiCo (PEP) Stake

LMCG Investments boosted its stake in PepsiCo, Inc. PEP by 9.8% during the quarter, according to a Form 13F filing submitted to the Securities and Exchange Commission on October 21, 2026. The fund purchased an additional 8,085 shares to bring its total holding to 90,849 shares. That stake carried a reported value of $11.5 million at the close of the period.

PEP PepsiCo, Inc.

$135.17 ▼ -2.07% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in LMCG Investments's PepsiCo Position

LMCG Investments increased its commitment to the beverage and snack giant by acquiring 8,085 shares. The 9.8% increase brought the fund's total share count from 82,764 up to 90,849 shares. PepsiCo closed at $134.70 on the filing date.

Other Institutional Activity in PepsiCo

Other institutional managers made sizeable adjustments to their PepsiCo portfolios around the same time. Assenagon Asset Management S.A. cut its holdings by 66.4%, reducing its stake by 2,467,218 shares to end with 1,248,594 shares worth $158.2 million. Mirae Asset Securities opened a new position with 95,705 shares valued at $12.1 million. Integrated Advisors Network lifted its stake by 53.2%, adding 11,368 shares to finish with 32,752 shares worth $4.2 million. Bell Bank grew its holdings by 23.3%, picking up 15,858 shares to hold 83,997 shares valued at $10.6 million.

PepsiCo, Inc. Stock Up 1.7%

PepsiCo shares recently traded around $136.34, sitting up about 1.2% from the $134.70 close on October 21, 2026. The stock trades roughly 20.5% below its 52-week high of $171.48 while holding 10.4% above its 52-week low of $123.47.

Analysts Set New Price Targets

Wall Street firms adjusted their views on PepsiCo ahead of the filing period. On October 9, 2026, Citigroup maintained a neutral rating while lowering its price target to $135.00 from $142.00. JP Morgan maintained a neutral rating on October 9, 2026, trimming its price target to $137.00 from $138.00. BNP Paribas maintained an outperform rating on October 9, 2026, adjusting its target to $157.00 from $161.00. Piper Sandler maintained an overweight rating on October 9, 2026, moving its price target to $140.00 from $176.00. Barclays maintained an equal-weight rating on October 12, 2026, lowering its target to $126.00 from $133.00. Across 22 analyst opinions, the stock carries a consensus hold rating with a mean price target of $141.59.

About PepsiCo

Headquartered in Purchase, New York, PepsiCo manufactures, markets, and sells a wide range of beverages and convenience foods across global markets. Well-known brands include its namesake cola along with Frito-Lay snacks, Quaker oats, Gatorade, and Tropicana products. Institutional interest remains active as the company navigates shifts in consumer demand.

Bottom Line

Investors tracking PepsiCo will monitor upcoming financial results and institutional filing updates. The company's next earnings report is scheduled for February 2, 2027.