First Western Trust Bank Trims Position in PepsiCo, Inc. $PEP

First Western Trust Bank decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,753 shares of the company’s stock after selling 530 shares during the quarter. First Western Trust Bank’s holdings in PepsiCo were worth $2,080,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo during the first quarter worth about $25,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC grew its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Investment Research & Advisory Group Inc. raised its position in shares of PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after buying an additional 232 shares during the last quarter. Finally, RMG Wealth Management LLC purchased a new position in shares of PepsiCo in the second quarter worth $45,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. Loop Capital set a $164.00 target price on shares of PepsiCo in a research note on Thursday, October 23rd. UBS Group cut their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Piper Sandler boosted their target price on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, BNP Paribas Exane decreased their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $156.95.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $144.39 on Thursday. The stock has a market cap of $197.43 billion, a price-to-earnings ratio of 27.45, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a 50 day moving average price of $145.00 and a 200-day moving average price of $139.87. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $166.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (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 during the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the company earned $2.31 earnings per share. PepsiCo’s revenue was up 2.7% on a year-over-year basis. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

About PepsiCo

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.