Granite Harbor Advisors Inc. Grows Position in PepsiCo, Inc. $PEP

Granite Harbor Advisors Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 31.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,270 shares of the company’s stock after purchasing an additional 541 shares during the quarter. Granite Harbor Advisors Inc.’s holdings in PepsiCo were worth $300,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% in 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 last quarter. GAMMA Investing LLC raised its position in shares of PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company’s stock valued at $4,589,000 after purchasing an additional 6,712 shares during the last quarter. Consolidated Portfolio Review Corp increased its holdings in PepsiCo by 95.6% in the 1st quarter. Consolidated Portfolio Review Corp now owns 5,847 shares of the company’s stock worth $877,000 after buying an additional 2,857 shares during the period. Penn Davis Mcfarland Inc. grew its stake in shares of PepsiCo by 2.3% during the 1st quarter. Penn Davis Mcfarland Inc. now owns 29,173 shares of the company’s stock worth $4,374,000 after purchasing an additional 660 shares during the period. Finally, Edmp Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $1,617,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1%

Shares of PEP opened at $153.03 on Thursday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $174.00. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm’s fifty day moving average is $145.89 and its two-hundred day moving average is $139.49. The stock has a market cap of $209.24 billion, a PE ratio of 29.09, a price-to-earnings-growth ratio of 3.73 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 the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. BNP Paribas Exane dropped their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Evercore ISI lifted their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, Jefferies Financial Group lifted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a research note 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 company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $156.58.

About PepsiCo

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.