American Institute for Advanced Investment Management LLP Reduces Position in PepsiCo, Inc. $PEP

American Institute for Advanced Investment Management LLP cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 27.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,612 shares of the company’s stock after selling 622 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in PepsiCo were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Nuveen LLC bought a new stake in shares of PepsiCo during the first quarter valued at about $946,978,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of PepsiCo during the second quarter valued at about $460,110,000. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG increased its position in shares of PepsiCo by 14.3% during the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock valued at $1,393,846,000 after buying an additional 1,165,745 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research report on Tuesday, October 21st. Evercore ISI upped their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Piper Sandler upped their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada decreased their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Down 1.0%

Shares of NASDAQ PEP opened at $146.09 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $167.96. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm’s 50 day simple moving average is $145.80 and its two-hundred day simple moving average is $139.71. The stock has a market capitalization of $199.75 billion, a P/E ratio of 27.77, a PEG ratio of 3.56 and a beta of 0.46.

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