PepsiCo, Inc. $PEP Holdings Decreased by Logan Capital Management Inc.

Logan Capital Management Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,491 shares of the company’s stock after selling 4,266 shares during the period. Logan Capital Management Inc.’s holdings in PepsiCo were worth $8,515,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new stake in shares of PepsiCo in the first quarter worth approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC boosted its stake 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 during the period. Finally, Investment Research & Advisory Group Inc. grew its holdings in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.7%

Shares of PepsiCo stock opened at $152.63 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $172.98. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a 50 day moving average price of $146.03 and a two-hundred day moving average price of $139.62. The stock has a market capitalization of $208.70 billion, a P/E ratio of 29.02, a PEG ratio of 3.69 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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 analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’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 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 earnings per share for the current year.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Loop Capital set a $164.00 target price on PepsiCo in a research report on Thursday. Evercore ISI lifted their price target on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. HSBC increased their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Finally, The Goldman Sachs Group lifted their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target 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.