PepsiCo, Inc. $PEP Position Reduced by Advisors Preferred LLC

Advisors Preferred LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 40.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,000 shares of the company’s stock after selling 4,850 shares during the period. Advisors Preferred LLC’s holdings in PepsiCo were worth $947,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. JSF Financial LLC boosted its holdings in PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after purchasing an additional 69 shares in the last quarter. Dogwood Wealth Management LLC raised its position in PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares in the last quarter. Joel Isaacson & Co. LLC raised its position in PepsiCo by 0.5% in the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares in the last quarter. Bull Street Advisors LLC increased its holdings in shares of PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after buying an additional 74 shares in the last quarter. Finally, Guardian Wealth Advisors LLC increased its holdings in shares of PepsiCo by 1.6% in the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock valued at $602,000 after purchasing an additional 74 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on PEP shares. Jefferies Financial Group raised their price objective 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. Evercore ISI boosted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Loop Capital set a $164.00 price objective on shares of PepsiCo in a report on Thursday, October 23rd. UBS Group cut their price target on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Finally, Citigroup cut their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Performance

NASDAQ PEP opened at $143.60 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $167.96. The company has a 50-day simple moving average of $145.71 and a 200 day simple moving average of $139.71. 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 company has a market capitalization of $196.35 billion, a PE ratio of 27.30, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

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.