TFB Advisors LLC trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 5.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,460 shares of the company’s stock after selling 141 shares during the quarter. TFB Advisors LLC’s holdings in PepsiCo were worth $325,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nova Wealth Management Inc. acquired a new position in PepsiCo during the 1st quarter worth $25,000. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC lifted its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its holdings in PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on PEP shares. Bank of America lifted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Piper Sandler lifted their price target on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group lifted their price target on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $156.58.
PepsiCo Stock Down 0.1%
PepsiCo stock opened at $153.03 on Thursday. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two 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 company has a market capitalization of $209.24 billion, a P/E ratio of 29.09, a PEG ratio of 3.73 and a beta of 0.46. The stock has a 50-day simple moving average of $145.89 and a 200-day simple moving average of $139.49.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its 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 business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the business earned $2.31 EPS. 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. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current 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.
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