Daymark Wealth Partners LLC Sells 1,435 Shares of PepsiCo, Inc. $PEP

Daymark Wealth Partners LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,686 shares of the company’s stock after selling 1,435 shares during the period. Daymark Wealth Partners LLC’s holdings in PepsiCo were worth $8,673,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PEP. Brighton Jones LLC increased its position in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Ameritas Advisory Services LLC increased its position in PepsiCo by 1.1% in the 1st quarter. Ameritas Advisory Services LLC now owns 15,226 shares of the company’s stock valued at $2,297,000 after acquiring an additional 173 shares during the period. MorganRosel Wealth Management LLC acquired a new position in PepsiCo in the 1st quarter valued at approximately $55,000. Barnes Dennig Private Wealth Management LLC acquired a new position in PepsiCo in the 1st quarter valued at approximately $1,529,000. Finally, Smith Salley Wealth Management increased its position in PepsiCo by 1.7% in the 1st quarter. Smith Salley Wealth Management now owns 125,165 shares of the company’s stock valued at $18,767,000 after acquiring an additional 2,119 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. The Goldman Sachs Group upped their price target on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research report on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Citigroup reduced their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Finally, BNP Paribas Exane reduced their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Down 1.6%

Shares of NASDAQ PEP opened at $150.12 on Wednesday. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $169.20. The firm has a market cap 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’s fifty day simple moving average is $145.99 and its 200 day simple moving average is $139.66. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

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 analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the firm earned $2.31 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

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.