PepsiCo, Inc. $PEP Shares Sold by Taylor Financial Group Inc.

Taylor Financial Group Inc. reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the second quarter, HoldingsChannel.com reports. The firm owned 8,981 shares of the company’s stock after selling 440 shares during the period. Taylor Financial Group Inc.’s holdings in PepsiCo were worth $1,186,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. acquired a new stake in shares of PepsiCo in the first quarter valued at $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter worth approximately $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% in the 2nd 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 last quarter. Finally, Investment Research & Advisory Group Inc. boosted its holdings in PepsiCo by 263.6% during the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after buying an additional 232 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on PEP shares. HSBC raised their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a report on Friday, October 10th. Barclays increased their price objective on PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. cut their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. UBS Group cut their target price on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada dropped their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research note on Monday, September 15th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $156.95.

PepsiCo Price Performance

NASDAQ PEP opened at $152.63 on Tuesday. The company has a 50 day simple moving average of $146.03 and a 200-day simple moving average of $139.62. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm has a market capitalization of $208.70 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $172.98.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating 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 firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the business earned $2.31 EPS. 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 research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share 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.