Biltmore Family Office LLC Has $3.42 Million Stake in PepsiCo, Inc. $PEP

Biltmore Family Office LLC decreased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 25,877 shares of the company’s stock after selling 89 shares during the period. Biltmore Family Office LLC’s holdings in PepsiCo were worth $3,417,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Strategic Financial Services Inc. increased its holdings in shares of PepsiCo by 2.4% during the 2nd quarter. Strategic Financial Services Inc. now owns 11,364 shares of the company’s stock valued at $1,501,000 after acquiring an additional 262 shares during the last quarter. Mizuho Markets Americas LLC increased its holdings in shares of PepsiCo by 11,843.1% during the 2nd quarter. Mizuho Markets Americas LLC now owns 1,061,860 shares of the company’s stock valued at $140,208,000 after acquiring an additional 1,052,969 shares during the last quarter. Capital Investment Counsel LLC increased its holdings in shares of PepsiCo by 3.3% during the 2nd quarter. Capital Investment Counsel LLC now owns 36,609 shares of the company’s stock valued at $4,834,000 after acquiring an additional 1,165 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of PepsiCo by 1.2% during the 2nd quarter. New York Life Investment Management LLC now owns 205,337 shares of the company’s stock valued at $27,113,000 after acquiring an additional 2,402 shares during the last quarter. Finally, Pavion Blue Capital LLC grew its holdings in PepsiCo by 0.3% in the 2nd quarter. Pavion Blue Capital LLC now owns 41,889 shares of the company’s stock valued at $5,531,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock opened at $150.12 on Wednesday. The stock has a 50 day moving average of $145.99 and a two-hundred day moving average of $139.66. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $169.20. The company has a market capitalization of $205.27 billion, a P/E ratio of 28.54, a P/E/G ratio of 3.71 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the company earned $2.31 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PEP shares. UBS Group lowered their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Piper Sandler raised their target price on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Evercore ISI raised their target price on PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Finally, Cowen reaffirmed a “hold” rating on shares of PepsiCo in a report on Thursday, July 17th. Seven 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, PepsiCo currently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo 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.