Leavell Investment Management Inc. Trims Stock Position in PepsiCo, Inc. $PEP

Leavell Investment Management Inc. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 10.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,057 shares of the company’s stock after selling 2,728 shares during the quarter. Leavell Investment Management Inc.’s holdings in PepsiCo were worth $3,176,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PEP. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. GAMMA Investing LLC grew its position in PepsiCo by 28.1% during the first quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after buying an additional 6,712 shares during the period. Board of the Pension Protection Fund increased its holdings in PepsiCo by 133.3% in the first quarter. Board of the Pension Protection Fund now owns 1,400 shares of the company’s stock valued at $210,000 after buying an additional 800 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PepsiCo by 13.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,037,786 shares of the company’s stock worth $154,099,000 after acquiring an additional 124,386 shares during the period. Finally, 3Chopt Investment Partners LLC boosted its stake in shares of PepsiCo by 18.7% during the 1st quarter. 3Chopt Investment Partners LLC now owns 14,169 shares of the company’s stock worth $2,124,000 after acquiring an additional 2,235 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. BNP Paribas Exane cut their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Bank of America increased their target price on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Finally, Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $156.95.

PepsiCo Stock Up 0.0%

NASDAQ PEP opened at $151.55 on Friday. The business has a fifty day moving average price of $145.97 and a 200 day moving average price of $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. The company has a market cap of $207.22 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $174.00.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. 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.