PepsiCo, Inc. $PEP Position Reduced by Burney Co.

Burney Co. cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,666 shares of the company’s stock after selling 2,675 shares during the quarter. Burney Co.’s holdings in PepsiCo were worth $2,597,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PEP. Nuveen LLC purchased a new stake in shares of PepsiCo in the first quarter worth approximately $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in shares of PepsiCo in the second quarter worth approximately $460,110,000. Vanguard Group Inc. lifted its position in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 1.7%

Shares of PEP stock opened at $143.60 on Tuesday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $167.96. 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 business’s 50 day moving average is $145.71 and its two-hundred day moving average is $139.71. The company has a market cap 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 announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the company posted $2.31 earnings per share. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research report on Friday, October 10th. UBS Group dropped their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, September 11th. The Goldman Sachs Group increased their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Bank of America increased their price objective on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Seven investment 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 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.