Bank of Jackson Hole Trust Purchases 1,281 Shares of PepsiCo, Inc. $PEP

Bank of Jackson Hole Trust increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,092 shares of the company’s stock after purchasing an additional 1,281 shares during the quarter. PepsiCo accounts for approximately 0.8% of Bank of Jackson Hole Trust’s investment portfolio, making the stock its 28th largest position. Bank of Jackson Hole Trust’s holdings in PepsiCo were worth $1,333,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC bought a new position in shares of PepsiCo in the first quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo in the second quarter worth about $460,110,000. Vanguard Group Inc. lifted its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after acquiring an additional 1,258,198 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after acquiring an additional 1,165,745 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the subject of a number of research reports. Citigroup dropped their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Evercore ISI raised their price objective on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Barclays raised their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a report on Friday, October 10th. Finally, BNP Paribas Exane dropped their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Stock Performance

NASDAQ:PEP opened at $150.12 on Wednesday. The company has a market capitalization of $205.27 billion, a PE ratio of 28.54, a P/E/G ratio of 3.71 and a beta of 0.46. The company has a 50 day simple moving average of $145.99 and a two-hundred day simple moving average of $139.66. 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 $169.20.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating 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 net margin of 7.82% and a return on equity of 57.58%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate 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.