Oarsman Capital Inc. Purchases 1,560 Shares of PepsiCo, Inc. $PEP

Oarsman Capital Inc. lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 14.5% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 12,354 shares of the company’s stock after buying an additional 1,560 shares during the quarter. Oarsman Capital Inc.’s holdings in PepsiCo were worth $1,631,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bank of Jackson Hole Trust boosted its position in PepsiCo by 14.5% during the second quarter. Bank of Jackson Hole Trust now owns 10,092 shares of the company’s stock worth $1,333,000 after purchasing an additional 1,281 shares during the period. Jennison Associates LLC boosted its position in PepsiCo by 2.2% during the second quarter. Jennison Associates LLC now owns 318,553 shares of the company’s stock worth $42,062,000 after purchasing an additional 6,757 shares during the period. Strategic Financial Services Inc. boosted its position in PepsiCo by 2.4% during the second quarter. Strategic Financial Services Inc. now owns 11,364 shares of the company’s stock worth $1,501,000 after purchasing an additional 262 shares during the period. Mizuho Markets Americas LLC boosted its position in PepsiCo by 11,843.1% during the second quarter. Mizuho Markets Americas LLC now owns 1,061,860 shares of the company’s stock worth $140,208,000 after purchasing an additional 1,052,969 shares during the period. Finally, Capital Investment Counsel LLC boosted its position in PepsiCo by 3.3% during the second quarter. Capital Investment Counsel LLC now owns 36,609 shares of the company’s stock worth $4,834,000 after purchasing an additional 1,165 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 1.6%

Shares of PEP stock opened at $150.12 on Wednesday. The stock has a market cap of $205.27 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $169.20. The stock has a fifty day moving average price of $145.99 and a 200 day moving average price of $139.66. 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 issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Morgan Stanley upped their target price on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. 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 research report on Monday, September 15th. Rothschild & Co Redburn upped their target price on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. Loop Capital set a $164.00 price objective on PepsiCo in a research report on Thursday, October 23rd. Finally, Piper Sandler increased their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Seven equities 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $156.95.

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.