Topsail Wealth Management LLC Sells 877 Shares of PepsiCo, Inc. $PEP

Topsail Wealth Management LLC reduced its stake in PepsiCo, Inc. (NASDAQ:PEP) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,777 shares of the company’s stock after selling 877 shares during the quarter. Topsail Wealth Management LLC’s holdings in PepsiCo were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Guardian Wealth Advisors LLC raised its holdings in PepsiCo by 1.6% in the 2nd quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock worth $602,000 after purchasing an additional 74 shares during the period. Ballast Advisors LLC raised its holdings in PepsiCo by 21.6% during the second quarter. Ballast Advisors LLC now owns 8,363 shares of the company’s stock valued at $1,104,000 after acquiring an additional 1,484 shares during the period. Saybrook Capital NC raised its holdings in PepsiCo by 39.0% during the second quarter. Saybrook Capital NC now owns 24,350 shares of the company’s stock valued at $3,215,000 after acquiring an additional 6,828 shares during the period. Brighton Jones LLC raised its holdings in PepsiCo by 19.1% during the second quarter. Brighton Jones LLC now owns 68,273 shares of the company’s stock valued at $9,015,000 after acquiring an additional 10,955 shares during the period. Finally, Stegent Equity Advisors Inc. bought a new stake in PepsiCo during the second quarter valued at about $412,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BNP Paribas Exane decreased their price target on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Wells Fargo & Company raised their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday. Finally, Cowen reissued a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Seven 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 0.0%

Shares of PepsiCo stock opened at $151.55 on Friday. The firm has a market cap of $207.22 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The business has a 50-day moving average price of $145.97 and a 200-day moving average price of $139.62. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $174.00.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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.