Private Wealth Partners LLC Trims Stake in PepsiCo, Inc. $PEP

Private Wealth Partners LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,461 shares of the company’s stock after selling 4,853 shares during the period. Private Wealth Partners LLC’s holdings in PepsiCo were worth $3,758,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at $25,000. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter valued at $28,000. Legend Financial Advisors Inc. purchased a new position in shares of PepsiCo during the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC grew its position in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. lifted its holdings in shares of 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 acquiring an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. BNP Paribas Exane dropped their price objective on shares of 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 objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price objective 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, Barclays lifted 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. Seven 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. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

PepsiCo stock opened at $152.63 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The company has a market capitalization of $208.70 billion, a PE ratio of 29.02, a P/E/G ratio of 3.69 and a beta of 0.46. The firm has a fifty day simple moving average of $146.03 and a two-hundred day simple moving average of $139.62. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $172.98.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the firm posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS 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.