PepsiCo, Inc. $PEP Shares Bought by Saybrook Capital NC

Saybrook Capital NC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 39.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 24,350 shares of the company’s stock after acquiring an additional 6,828 shares during the period. PepsiCo comprises approximately 0.9% of Saybrook Capital NC’s investment portfolio, making the stock its 19th biggest position. Saybrook Capital NC’s holdings in PepsiCo were worth $3,215,000 at the end of the most recent quarter.

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

PepsiCo Stock Up 0.0%

Shares of NASDAQ PEP opened at $151.55 on Friday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The stock has a market cap of $207.22 billion, a PE ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a 50-day moving average of $145.97 and a 200 day moving average of $139.62.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the prior year, the company earned $2.31 EPS. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. 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 Ratings Changes

A number of research firms have weighed in on PEP. Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Morgan Stanley upped their price target on shares of PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Loop Capital set a $164.00 price target on shares of PepsiCo in a research report on Thursday. Seven research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently 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.