Creekmur Asset Management LLC Boosts Stake in PepsiCo, Inc. $PEP

Creekmur Asset Management LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,851 shares of the company’s stock after buying an additional 395 shares during the quarter. Creekmur Asset Management LLC’s holdings in PepsiCo were worth $509,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of PEP. Nuveen LLC purchased a new stake in shares of PepsiCo during the first quarter worth about $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of PepsiCo during the second quarter worth about $460,110,000. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 5.0% during 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 buying an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of PepsiCo by 14.3% during the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after buying an additional 1,165,745 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 1.0%

Shares of PEP stock opened at $147.55 on Friday. The stock has a market cap of $201.75 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. 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, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $167.96. The firm’s 50 day moving average price is $145.87 and its two-hundred day moving average price is $139.73.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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 net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the previous year, the company posted $2.31 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PEP shares. Piper Sandler lifted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, HSBC upped their price objective on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price 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.