Ballast Advisors LLC Has $1.10 Million Holdings in PepsiCo, Inc. $PEP

Ballast Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 21.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,363 shares of the company’s stock after buying an additional 1,484 shares during the period. Ballast Advisors LLC’s holdings in PepsiCo were worth $1,104,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JSF Financial LLC lifted its position in shares of PepsiCo by 3.8% during the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares during the last quarter. Dogwood Wealth Management LLC lifted its position in shares of PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC lifted its position in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares during the last quarter. Bull Street Advisors LLC lifted its position in shares of PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after purchasing an additional 74 shares during the last quarter. Finally, Centurion Wealth Management LLC lifted its position in shares of PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company’s stock worth $273,000 after purchasing an additional 75 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.0%

Shares of PEP opened at $151.55 on Friday. The company has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. 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, Inc. has a one year low of $127.60 and a one year high of $174.00. The business’s 50 day simple moving average is $145.97 and its 200-day simple moving average is $139.62.

PepsiCo (NASDAQ:PEP) last announced 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 business had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.PepsiCo’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Bank of America boosted their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. HSBC boosted their price target on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Rothschild & Co Redburn boosted their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Barclays boosted their price target on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. lowered their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Company 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.