PepsiCo, Inc. $PEP Holdings Increased by Slagle Financial LLC

Slagle Financial LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 5.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,885 shares of the company’s stock after acquiring an additional 1,982 shares during the period. PepsiCo makes up approximately 1.9% of Slagle Financial LLC’s investment portfolio, making the stock its 10th biggest position. Slagle Financial LLC’s holdings in PepsiCo were worth $4,738,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in PepsiCo by 1.4% during the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of PepsiCo by 0.3% during the second quarter. Geode Capital Management LLC now owns 32,675,492 shares of the company’s stock valued at $4,301,240,000 after buying an additional 86,695 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of PepsiCo by 5.0% in the first 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PepsiCo by 1.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company’s stock valued at $1,728,180,000 after acquiring an additional 208,292 shares during the period. Finally, Invesco Ltd. grew its position in PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company’s stock valued at $1,698,544,000 after acquiring an additional 491,894 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.6%

NASDAQ PEP opened at $145.85 on Monday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $165.13. The company has a 50 day moving average price of $144.95 and a 200 day moving average price of $140.06. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The firm has a market cap of $199.43 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Wednesday, October 8th. 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 company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period last year, the firm earned $2.31 earnings per share. PepsiCo’s revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PEP. Wells Fargo & Company boosted their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Piper Sandler increased their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Finally, UBS Group cut their target price on shares of PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report 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. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target 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.