Cobblestone Capital Advisors LLC NY Acquires 1,948 Shares of PepsiCo, Inc. $PEP

Cobblestone Capital Advisors LLC NY lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,005 shares of the company’s stock after acquiring an additional 1,948 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in PepsiCo were worth $15,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter worth $25,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter worth $29,000. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% during the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares during the period. Finally, RMG Wealth Management LLC acquired a new stake in shares of PepsiCo during the second quarter worth $45,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.0%

NASDAQ:PEP opened at $151.55 on Monday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The stock has a market cap of $207.22 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The stock has a 50-day moving average price of $145.97 and a two-hundred day moving average price of $139.57.

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

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of analyst reports. Barclays lifted their price objective on PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Thursday, September 11th. The Goldman Sachs Group lifted their price objective on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Citigroup decreased their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. 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.com, PepsiCo presently 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.