Northstar Asset Management Inc. Grows Stock Holdings in PepsiCo, Inc. $PEP

Northstar Asset Management Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,430 shares of the company’s stock after purchasing an additional 108 shares during the period. Northstar Asset Management Inc.’s holdings in PepsiCo were worth $321,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PEP. Brighton Jones LLC lifted its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. GAMMA Investing LLC increased its stake in PepsiCo by 28.1% in the first 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 period. Perigon Wealth Management LLC increased its stake in PepsiCo by 3.6% in the first quarter. Perigon Wealth Management LLC now owns 37,716 shares of the company’s stock valued at $5,655,000 after purchasing an additional 1,325 shares during the period. Falcon Wealth Planning increased its stake in PepsiCo by 92.5% in the first quarter. Falcon Wealth Planning now owns 4,305 shares of the company’s stock valued at $646,000 after purchasing an additional 2,069 shares during the period. Finally, Stone Summit Wealth LLC increased its stake in PepsiCo by 4.4% in the first quarter. Stone Summit Wealth LLC now owns 26,292 shares of the company’s stock valued at $3,942,000 after purchasing an additional 1,111 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.0%

Shares of PepsiCo stock opened at $151.55 on Friday. 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 company’s 50-day simple moving average is $145.97 and its 200-day simple moving average is $139.62. The firm has a market cap of $207.22 billion, a price-to-earnings ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last issued 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. 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 analyst estimates of $23.91 billion. During the same period in the prior year, the business posted $2.31 earnings per share. The firm’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. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Royal Bank Of Canada dropped their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research note on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Loop Capital set a $164.00 price objective on shares of PepsiCo in a research note on Thursday. Finally, Evercore ISI boosted their price target on shares of PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $156.95.

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.