Freestone Capital Holdings LLC Increases Position in PepsiCo, Inc. $PEP

Freestone Capital Holdings LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 14.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,601 shares of the company’s stock after purchasing an additional 3,833 shares during the quarter. Freestone Capital Holdings LLC’s holdings in PepsiCo were worth $3,908,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. JSF Financial LLC increased its position in PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after buying an additional 69 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC grew its holdings in PepsiCo by 0.5% during the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after acquiring an additional 74 shares during the period. Bull Street Advisors LLC increased its holdings in shares of PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock valued at $2,628,000 after purchasing an additional 74 shares in the last quarter. Finally, Guardian Wealth Advisors LLC increased its stake in shares of PepsiCo by 1.6% in the 2nd quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after purchasing an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.0%

Shares of NASDAQ:PEP opened at $146.09 on Monday. The stock has a market cap of $199.75 billion, a P/E ratio of 27.77, a P/E/G ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $167.96. The firm has a fifty day moving average price of $145.80 and a 200 day moving average price of $139.70. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share 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 analysts’ expectations of $23.91 billion. During the same period last year, the firm earned $2.31 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on PEP. Evercore ISI lifted their price objective on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Loop Capital set a $164.00 price objective on PepsiCo in a research report on Thursday, October 23rd. Barclays upped their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Jefferies Financial Group lifted their target price on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada decreased their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $156.95.

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.