Catalyst Capital Advisors LLC Sells 217 Shares of PepsiCo, Inc. $PEP

Catalyst Capital Advisors LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 20.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 844 shares of the company’s stock after selling 217 shares during the period. Catalyst Capital Advisors LLC’s holdings in PepsiCo were worth $111,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Claris Advisors LLC MO grew its position in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after acquiring an additional 308 shares during the last quarter. Foster Group Inc. grew its position in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after acquiring an additional 229 shares during the last quarter. Ignite Planners LLC grew its position in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after acquiring an additional 151 shares during the last quarter. Merit Financial Group LLC grew its position in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after acquiring an additional 36,239 shares during the last quarter. Finally, Fulton Bank N.A. grew its position in PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after acquiring an additional 620 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.0%

Shares of NASDAQ:PEP opened at $151.55 on Friday. The company has a market capitalization of $207.22 billion, a price-to-earnings ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The business’s 50-day moving average is $145.97 and its 200-day moving average is $139.62. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.31 EPS. 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 year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Rothschild & Co Redburn boosted their price objective on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target on the stock in a research report on Tuesday, October 21st. Citigroup reduced their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research report on Thursday, September 25th. Finally, Evercore ISI upped their price target on PepsiCo from $150.00 to $152.00 in a research 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 stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average 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.