PepsiCo, Inc. $PEP Shares Sold by First National Trust Co

First National Trust Co cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,749 shares of the company’s stock after selling 3,429 shares during the quarter. First National Trust Co’s holdings in PepsiCo were worth $7,229,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Purkiss Capital Advisors LLC acquired a new position in shares of PepsiCo during the 2nd quarter worth approximately $323,000. William Allan Corp boosted its stake in PepsiCo by 27.4% during the second quarter. William Allan Corp now owns 27,612 shares of the company’s stock worth $3,646,000 after buying an additional 5,940 shares during the last quarter. Signet Investment Advisory Group Inc. boosted its stake in PepsiCo by 3.4% during the second quarter. Signet Investment Advisory Group Inc. now owns 21,857 shares of the company’s stock worth $2,886,000 after buying an additional 713 shares during the last quarter. Tevis Investment Management boosted its stake in PepsiCo by 14.9% during the second quarter. Tevis Investment Management now owns 8,815 shares of the company’s stock worth $1,164,000 after buying an additional 1,146 shares during the last quarter. Finally, Conscious Wealth Investments LLC boosted its position in shares of PepsiCo by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 26,286 shares of the company’s stock valued at $3,782,000 after acquiring an additional 107 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Loop Capital set a $164.00 target price on shares of PepsiCo in a report on Thursday. Barclays upped their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. HSBC upped their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Finally, Citigroup decreased their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Up 0.7%

NASDAQ:PEP opened at $152.63 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock’s fifty day moving average is $146.03 and its two-hundred day moving average is $139.62. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $172.98. The stock has a market capitalization of $208.70 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the firm earned $2.31 earnings per share. The firm’s revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.