CNB Bank Trims Position in PepsiCo, Inc. $PEP

CNB Bank lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,456 shares of the company’s stock after selling 205 shares during the period. CNB Bank’s holdings in PepsiCo were worth $1,381,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PEP. Nuveen LLC purchased a new position in PepsiCo during the first quarter worth approximately $946,978,000. Kingstone Capital Partners Texas LLC purchased a new position in PepsiCo during the second quarter worth approximately $460,110,000. Vanguard Group Inc. raised its stake in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. raised its stake in PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG raised its stake in PepsiCo by 14.3% during the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PEP shares. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. HSBC increased their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. 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 research report on Monday, October 6th. Finally, Wells Fargo & Company raised their price target on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 0.0%

PepsiCo stock opened at $151.55 on Friday. The firm’s 50-day moving average is $145.97 and its 200-day moving average is $139.62. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00. The company has a market cap of $207.22 billion, a P/E ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46.

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 the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for 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%. PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

About PepsiCo

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.