GoalVest Advisory LLC Reduces Stock Holdings in PepsiCo, Inc. $PEP

GoalVest Advisory LLC lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,624 shares of the company’s stock after selling 2,268 shares during the quarter. GoalVest Advisory LLC’s holdings in PepsiCo were worth $1,271,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new stake in PepsiCo during the 1st quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in PepsiCo during the 2nd quarter worth about $460,110,000. Vanguard Group Inc. increased its position in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG increased its position in PepsiCo by 14.3% during the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler lifted their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. HSBC raised their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Evercore ISI raised their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Performance

NASDAQ PEP opened at $151.55 on Monday. The firm has a market capitalization 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 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. The business’s 50-day simple moving average is $145.97 and its 200-day simple moving average is $139.57.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS 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.