360 Financial Inc. Reduces Holdings in PepsiCo, Inc. $PEP

360 Financial Inc. decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,655 shares of the company’s stock after selling 748 shares during the period. 360 Financial Inc.’s holdings in PepsiCo were worth $615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Nuveen LLC purchased a new stake in PepsiCo during the 1st quarter worth $946,978,000. Kingstone Capital Partners Texas LLC purchased a new stake in PepsiCo during the 2nd quarter worth $460,110,000. Vanguard Group Inc. increased its stake in 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 during the period. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 5.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company’s stock worth $3,969,698,000 after buying an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG increased its position in shares of PepsiCo by 14.3% in the 1st quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after purchasing an additional 1,165,745 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.90 on Wednesday. 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, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $167.96. The firm has a 50-day simple moving average of $145.63 and a 200 day simple moving average of $139.71. The company has a market cap of $195.39 billion, a PE ratio of 27.17, a P/E/G ratio of 3.56 and a beta of 0.46.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $23.91 billion. During the same quarter in the prior year, the firm 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. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. Cowen reissued a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Tuesday, October 21st. BNP Paribas Exane dropped their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price 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.