Carson Advisory Inc. Grows Position in PepsiCo, Inc. $PEP

Carson Advisory Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,134 shares of the company’s stock after acquiring an additional 767 shares during the period. Carson Advisory Inc.’s holdings in PepsiCo were worth $942,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. iA Global Asset Management Inc. raised its holdings in shares of PepsiCo by 7.7% during the 2nd quarter. iA Global Asset Management Inc. now owns 199,785 shares of the company’s stock valued at $26,380,000 after buying an additional 14,273 shares during the period. Gilbert & Cook Inc. raised its holdings in shares of PepsiCo by 2.1% during the 2nd quarter. Gilbert & Cook Inc. now owns 5,191 shares of the company’s stock valued at $685,000 after buying an additional 108 shares during the period. TIAA Trust National Association raised its holdings in shares of PepsiCo by 13.0% during the 2nd quarter. TIAA Trust National Association now owns 282,130 shares of the company’s stock valued at $37,252,000 after buying an additional 32,445 shares during the period. Versor Investments LP raised its holdings in shares of PepsiCo by 46.8% during the 2nd quarter. Versor Investments LP now owns 9,682 shares of the company’s stock valued at $1,278,000 after buying an additional 3,086 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of PepsiCo by 38.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,250 shares of the company’s stock valued at $297,000 after buying an additional 620 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 1.0%

PEP opened at $146.09 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $167.96. 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 stock’s fifty day moving average is $145.80 and its 200-day moving average is $139.71. The company has a market capitalization of $199.75 billion, a PE ratio of 27.77, a P/E/G ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for 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%.PepsiCo’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. HSBC raised their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. BNP Paribas Exane decreased their target price on PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.