Glass Jacobson Investment Advisors llc Sells 1,807 Shares of PepsiCo, Inc. $PEP

Glass Jacobson Investment Advisors llc lowered its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 77.7% in the second quarter, HoldingsChannel reports. The firm owned 520 shares of the company’s stock after selling 1,807 shares during the period. Glass Jacobson Investment Advisors llc’s holdings in PepsiCo were worth $69,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of PepsiCo by 12.4% during the fourth 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 during the period. GAMMA Investing LLC increased its position in PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock worth $4,589,000 after buying an additional 6,712 shares during the period. Board of the Pension Protection Fund increased its position in PepsiCo by 133.3% during the 1st quarter. Board of the Pension Protection Fund now owns 1,400 shares of the company’s stock worth $210,000 after buying an additional 800 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of PepsiCo by 13.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,037,786 shares of the company’s stock valued at $154,099,000 after acquiring an additional 124,386 shares in the last quarter. Finally, 3Chopt Investment Partners LLC increased its position in PepsiCo by 18.7% during the first quarter. 3Chopt Investment Partners LLC now owns 14,169 shares of the company’s stock worth $2,124,000 after acquiring an additional 2,235 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Up 0.0%

PEP opened at $151.55 on Friday. The company’s 50 day moving average is $145.97 and its 200-day moving average is $139.62. The company has a market cap of $207.22 billion, a P/E ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.00. 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 announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period in the prior year, the company earned $2.31 EPS. PepsiCo’s 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. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on PEP shares. Rothschild & Co Redburn lifted their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. The Goldman Sachs Group boosted their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Jefferies Financial Group increased their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Piper Sandler boosted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. Finally, UBS Group reduced their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Seven research 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.95.

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.