MeadowBrook Investment Advisors LLC Sells 100 Shares of PepsiCo, Inc. $PEP

MeadowBrook Investment Advisors LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,011 shares of the company’s stock after selling 100 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in PepsiCo were worth $794,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after purchasing an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock valued at $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of PepsiCo by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after acquiring an additional 208,292 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after acquiring an additional 491,894 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on PEP. Loop Capital set a $164.00 price objective on PepsiCo in a research note on Thursday, October 23rd. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research note on Friday, July 18th. Piper Sandler upped their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, DZ Bank raised PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Tuesday, October 21st. Seven 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $146.16 on Thursday. The firm has a market cap of $199.85 billion, a PE ratio of 27.79, a PEG ratio of 3.65 and a beta of 0.46. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $167.96. The stock has a 50 day moving average of $145.90 and a 200 day moving average of $139.68. 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 (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company 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 EPS for the current fiscal year.

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.