Orion Capital Management LLC Has $183,000 Stock Position in PepsiCo, Inc. $PEP

Orion Capital Management LLC cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 42.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,386 shares of the company’s stock after selling 1,023 shares during the quarter. Orion Capital Management LLC’s holdings in PepsiCo were worth $183,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Nova Wealth Management Inc. bought a new position in PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in PepsiCo during the 2nd quarter worth about $29,000. Frazier Financial Advisors LLC grew its holdings in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of PepsiCo during the second quarter valued at approximately $45,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $151.55 on Friday. The company has a market capitalization of $207.22 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The business’s 50-day moving average price is $145.97 and its two-hundred day moving average price is $139.62. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00. 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 (NASDAQ:PEP) last posted its quarterly earnings data 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 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 period last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Jefferies Financial Group boosted their target price on PepsiCo from $161.00 to $163.00 and gave the stock 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 stock an “equal weight” rating in a research report on Friday, July 18th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Piper Sandler increased their price target on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Finally, Wells Fargo & Company lifted their price objective on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $156.95.

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.