First Command Advisory Services Inc. Sells 2,209 Shares of PepsiCo, Inc. $PEP

First Command Advisory Services Inc. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 21.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 8,028 shares of the company’s stock after selling 2,209 shares during the quarter. First Command Advisory Services Inc.’s holdings in PepsiCo were worth $1,060,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. purchased a new position in PepsiCo in the first quarter worth about $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter worth about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter worth about $29,000. Frazier Financial Advisors LLC grew its position in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. grew its position in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after acquiring an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.0%

Shares of NASDAQ:PEP opened at $151.55 on Monday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00. The business has a 50 day simple moving average of $145.97 and a two-hundred day simple moving average of $139.57. The firm has a market capitalization of $207.22 billion, a PE ratio of 28.81, a price-to-earnings-growth 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.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during 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%.The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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 year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group dropped their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Friday, July 18th. Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. HSBC lifted their price target on PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Rothschild & Co Redburn boosted their target price on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target 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.