Telos Capital Management Inc. Has $17.92 Million Position in PepsiCo, Inc. $PEP

Telos Capital Management Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 135,676 shares of the company’s stock after acquiring an additional 1,890 shares during the quarter. PepsiCo accounts for approximately 1.8% of Telos Capital Management Inc.’s portfolio, making the stock its 11th largest position. Telos Capital Management Inc.’s holdings in PepsiCo were worth $17,915,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Sigma Planning Corp raised its holdings in PepsiCo by 32.2% in the second quarter. Sigma Planning Corp now owns 42,419 shares of the company’s stock worth $5,601,000 after purchasing an additional 10,336 shares during the period. South Dakota Investment Council raised its holdings in PepsiCo by 52.7% in the second quarter. South Dakota Investment Council now owns 78,734 shares of the company’s stock worth $10,396,000 after purchasing an additional 27,188 shares during the period. State of Michigan Retirement System raised its holdings in PepsiCo by 0.5% in the second quarter. State of Michigan Retirement System now owns 385,822 shares of the company’s stock worth $50,944,000 after purchasing an additional 2,100 shares during the period. Carson Advisory Inc. raised its holdings in PepsiCo by 12.0% in the second quarter. Carson Advisory Inc. now owns 7,134 shares of the company’s stock worth $942,000 after purchasing an additional 767 shares during the period. Finally, iA Global Asset Management Inc. raised its holdings in PepsiCo by 7.7% in the second quarter. iA Global Asset Management Inc. now owns 199,785 shares of the company’s stock worth $26,380,000 after purchasing an additional 14,273 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on PEP shares. Royal Bank Of Canada lowered their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. BNP Paribas Exane lowered their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, Rothschild & Co Redburn increased their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Down 1.0%

PepsiCo stock opened at $146.09 on Monday. The company has a market cap of $199.75 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $167.96. The company has a fifty day simple moving average of $145.80 and a 200 day simple moving average of $139.70. 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 released its earnings results 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. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share 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.