Guinness Asset Management LTD Raises Stake in PepsiCo, Inc. $PEP

Guinness Asset Management LTD boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the second quarter, Holdings Channel.com reports. The firm owned 1,222,356 shares of the company’s stock after acquiring an additional 17,828 shares during the quarter. PepsiCo comprises about 2.9% of Guinness Asset Management LTD’s portfolio, making the stock its 18th largest holding. Guinness Asset Management LTD’s holdings in PepsiCo were worth $161,362,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Claris Advisors LLC MO grew its stake in shares of PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. boosted its holdings in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after acquiring an additional 229 shares in the last quarter. Ignite Planners LLC grew its stake in shares of PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after acquiring an additional 151 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of PepsiCo by 46.4% during the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after acquiring an additional 36,239 shares in the last quarter. Finally, Fulton Bank N.A. raised its position in shares of PepsiCo by 2.5% in the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after purchasing an additional 620 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PEP. HSBC increased their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. 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 report on Friday, October 10th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Finally, Morgan Stanley lifted 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. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Trading Up 0.0%

Shares of PEP stock opened at $151.55 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The stock has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The firm’s 50 day moving average is $145.97 and its 200 day moving average is $139.57.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm 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 EPS. The company’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 expect that PepsiCo, Inc. will post 8.3 earnings per share for the current 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.