Crestwood Advisors Group LLC Has $9.20 Million Position in PepsiCo, Inc. $PEP

Crestwood Advisors Group LLC lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,639 shares of the company’s stock after selling 1,496 shares during the period. Crestwood Advisors Group LLC’s holdings in PepsiCo were worth $9,195,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of PepsiCo by 70.8% during the first quarter. Penserra Capital Management LLC now owns 6,128 shares of the company’s stock valued at $917,000 after purchasing an additional 2,541 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of PepsiCo by 2.5% during the first quarter. TD Private Client Wealth LLC now owns 26,848 shares of the company’s stock valued at $4,026,000 after purchasing an additional 650 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in PepsiCo by 26.5% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 13,895 shares of the company’s stock worth $2,083,000 after buying an additional 2,907 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in PepsiCo by 0.7% during the 1st quarter. Crossmark Global Holdings Inc. now owns 80,117 shares of the company’s stock worth $12,013,000 after buying an additional 526 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.5%

Shares of NASDAQ:PEP opened at $142.90 on Wednesday. The company has a market capitalization of $195.39 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 3.56 and a beta of 0.46. 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 business’s 50-day moving average is $145.63 and its 200-day moving average is $139.71. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $167.96.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same period in the previous year, the firm earned $2.31 earnings per share. The company’s revenue 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 year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PEP. Citigroup cut their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Wells Fargo & Company lifted their target price on PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Jefferies Financial Group lifted their price objective on PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research note on Friday, October 10th. Finally, Rothschild & Co Redburn lifted their price objective on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research note on Monday, October 13th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $156.95.

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.