PepsiCo, Inc. $PEP Shares Sold by New Hampshire Trust

New Hampshire Trust lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 32,066 shares of the company’s stock after selling 208 shares during the period. New Hampshire Trust’s holdings in PepsiCo were worth $4,234,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 acquiring an additional 1,258,198 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock valued at $2,108,585,000 after acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock worth $1,728,180,000 after purchasing an additional 208,292 shares in the last quarter. Finally, Invesco Ltd. grew its stake in shares of PepsiCo by 4.5% during the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $151.55 on Friday. The stock has a market capitalization 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. The stock’s fifty day simple moving average is $145.97 and its 200-day simple moving average is $139.62. 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.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the company earned $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. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. BNP Paribas Exane decreased their price objective on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Barclays upped their price target on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. UBS Group reduced their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. Loop Capital set a $164.00 price target on PepsiCo in a research report on Thursday. Finally, Jefferies Financial Group increased 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. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Company 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.