Mendel Money Management Decreases Stake in PepsiCo, Inc. $PEP

Mendel Money Management trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,707 shares of the company’s stock after selling 300 shares during the period. PepsiCo accounts for 1.6% of Mendel Money Management’s investment portfolio, making the stock its 20th biggest holding. Mendel Money Management’s holdings in PepsiCo were worth $3,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PEP. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $25,000. Elite Financial Inc. acquired a new position in PepsiCo during the first quarter worth $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo during the 2nd quarter worth approximately $29,000. Frazier Financial Advisors LLC increased its stake in PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after buying an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. increased its stake in PepsiCo by 263.6% during the 2nd 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. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $150.12 on Wednesday. The company’s 50 day simple moving average is $145.99 and its 200-day simple moving average is $139.66. The company has a market capitalization of $205.27 billion, a price-to-earnings ratio of 28.54, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $169.20. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS 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 business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The business’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 expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PEP shares. Barclays upped their target price on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Royal Bank Of Canada dropped their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Citigroup decreased their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Finally, DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a research note on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price 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.