PepsiCo, Inc. $PEP Shares Sold by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 42,783 shares of the company’s stock after selling 3,331 shares during the period. PepsiCo makes up approximately 0.8% of Hunter Associates Investment Management LLC’s investment portfolio, making the stock its 25th largest position. Hunter Associates Investment Management LLC’s holdings in PepsiCo were worth $5,648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Claris Advisors LLC MO increased its position in PepsiCo by 14.1% during the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after purchasing an additional 308 shares during the last quarter. Foster Group Inc. increased its position in PepsiCo by 4.6% during the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after purchasing an additional 229 shares during the last quarter. Ignite Planners LLC increased its position in PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares during the last quarter. Merit Financial Group LLC increased its position in shares of PepsiCo by 46.4% in the second 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 in the last quarter. Finally, Fulton Bank N.A. increased its position in shares of PepsiCo by 2.5% in the second 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. BNP Paribas Exane dropped their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Piper Sandler increased their price objective 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. Finally, Bank of America increased their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

PEP opened at $146.09 on Monday. The firm has a market cap of $199.75 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 3.56 and a beta of 0.46. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $167.96. The company has a fifty day simple moving average of $145.80 and a 200 day simple moving average of $139.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

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.