Clifford Swan Investment Counsel LLC Has $20.55 Million Position in PepsiCo, Inc. $PEP

Clifford Swan Investment Counsel LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,612 shares of the company’s stock after buying an additional 15,172 shares during the quarter. Clifford Swan Investment Counsel LLC’s holdings in PepsiCo were worth $20,547,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in PEP. Vanguard Group Inc. grew its position in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in PepsiCo by 5.0% in 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. Bank of New York Mellon Corp boosted its stake in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after acquiring an additional 49,699 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after acquiring an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after purchasing an additional 491,894 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on PEP. Evercore ISI lifted their price objective on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a report on Friday, July 18th. Jefferies Financial Group increased their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company increased their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Finally, HSBC raised their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $156.58.

PepsiCo Trading Down 0.1%

NASDAQ PEP opened at $153.03 on Thursday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $174.00. 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’s 50 day moving average price is $145.89 and its two-hundred day moving average price is $139.49. The stock has a market capitalization of $209.24 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.73 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (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 company had revenue of $23.94 billion for 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. 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. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Company 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.