L.M. Kohn & Company Has $1.59 Million Position in PepsiCo, Inc. $PEP

L.M. Kohn & Company cut its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,016 shares of the company’s stock after selling 4,931 shares during the quarter. L.M. Kohn & Company’s holdings in PepsiCo were worth $1,587,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Brighton Jones LLC lifted its holdings 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 buying an additional 6,574 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of 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 purchasing an additional 173 shares during the period. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at about $55,000. Barnes Dennig Private Wealth Management LLC acquired a new position in shares of PepsiCo in the 1st quarter valued at about $1,529,000. Finally, Smith Salley Wealth Management lifted its stake in shares of 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 purchasing an additional 2,119 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.6%

PEP stock opened at $150.12 on Wednesday. The stock’s 50 day simple moving average is $145.99 and its 200 day simple moving average is $139.66. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $169.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market cap of $205.27 billion, a P/E ratio of 28.54, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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 for 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 prior year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Rothschild & Co Redburn boosted their price objective on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. The Goldman Sachs Group boosted their price objective on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Evercore ISI upped their price target on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Wells Fargo & Company upped their price target on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock 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.