Interchange Capital Partners LLC Lowers Holdings in PepsiCo, Inc. $PEP

Interchange Capital Partners LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 18.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,967 shares of the company’s stock after selling 2,257 shares during the period. Interchange Capital Partners LLC’s holdings in PepsiCo were worth $1,316,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in PepsiCo by 19.1% in the 2nd quarter. Brighton Jones LLC now owns 68,273 shares of the company’s stock worth $9,015,000 after acquiring an additional 10,955 shares during the last quarter. Stegent Equity Advisors Inc. bought a new stake in PepsiCo in the 2nd quarter worth approximately $412,000. Graybill Wealth Management LTD. increased its stake in PepsiCo by 0.9% in the 2nd quarter. Graybill Wealth Management LTD. now owns 24,451 shares of the company’s stock worth $3,229,000 after acquiring an additional 223 shares during the last quarter. Kornitzer Capital Management Inc. KS increased its stake in PepsiCo by 4.1% in the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 410,813 shares of the company’s stock worth $54,244,000 after acquiring an additional 16,166 shares during the last quarter. Finally, Ramsay Stattman Vela & Price Inc. increased its stake in PepsiCo by 4.7% in the 2nd quarter. Ramsay Stattman Vela & Price Inc. now owns 87,167 shares of the company’s stock worth $11,510,000 after acquiring an additional 3,908 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on PEP shares. Loop Capital set a $164.00 price objective on PepsiCo in a research note on Thursday. Rothschild & Co Redburn lifted their price objective on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. HSBC boosted their target price on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Morgan Stanley boosted their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research report on Tuesday, October 21st. 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $151.55 on Friday. The stock’s fifty day moving average is $145.97 and its two-hundred day moving average is $139.62. The company has a market capitalization of $207.22 billion, a PE ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. 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 52 week low of $127.60 and a 52 week high of $174.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. The company 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 quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

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.