Schmidt P J Investment Management Inc. Sells 2,097 Shares of PepsiCo, Inc. $PEP

Schmidt P J Investment Management Inc. reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 53,768 shares of the company’s stock after selling 2,097 shares during the quarter. PepsiCo accounts for about 1.2% of Schmidt P J Investment Management Inc.’s holdings, making the stock its 24th biggest holding. Schmidt P J Investment Management Inc.’s holdings in PepsiCo were worth $7,100,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. bought a new position in PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. bought a new position in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. bought a new position in PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC raised its position in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. raised its position in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on PEP shares. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Rothschild & Co Redburn increased their target price on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Wells Fargo & Company raised their price objective on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. Finally, DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a research report on Tuesday, October 21st. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Trading Up 0.0%

Shares of PEP stock opened at $151.55 on Monday. The company has a market cap of $207.22 billion, a P/E ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The stock has a 50 day simple moving average of $145.97 and a two-hundred day simple moving average of $139.57. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $174.00.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share 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%.The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

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.