Murphy Pohlad Asset Management LLC Acquires 1,185 Shares of PepsiCo, Inc. $PEP

Murphy Pohlad Asset Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,418 shares of the company’s stock after buying an additional 1,185 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in PepsiCo were worth $2,828,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PEP. Brighton Jones LLC increased its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the period. O Brien Wealth Partners LLC increased its position in shares of PepsiCo by 56.4% during the first quarter. O Brien Wealth Partners LLC now owns 652 shares of the company’s stock valued at $98,000 after purchasing an additional 235 shares during the period. Novem Group increased its position in shares of PepsiCo by 5.1% during the first quarter. Novem Group now owns 22,527 shares of the company’s stock valued at $3,378,000 after purchasing an additional 1,086 shares during the period. Revisor Wealth Management LLC increased its position in shares of PepsiCo by 136.9% during the first quarter. Revisor Wealth Management LLC now owns 3,238 shares of the company’s stock valued at $486,000 after purchasing an additional 1,871 shares during the period. Finally, Latitude Advisors LLC increased its position in shares of PepsiCo by 35.2% during the first quarter. Latitude Advisors LLC now owns 3,127 shares of the company’s stock valued at $469,000 after purchasing an additional 814 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PEP. Piper Sandler boosted their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a research report on Friday, October 10th. BNP Paribas Exane lowered their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective on the stock in a research report on Tuesday, October 21st. JPMorgan Chase & Co. lowered their price target on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Finally, UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, September 11th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Trading Up 1.0%

NASDAQ:PEP opened at $147.55 on Friday. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $167.96. The business’s 50-day moving average price is $145.87 and its two-hundred day moving average price is $139.73. 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 firm has a market capitalization of $201.75 billion, a price-to-earnings ratio of 28.05, a PEG ratio of 3.56 and a beta of 0.46.

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

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.