PepsiCo, Inc. $PEP is Lindsell Train Ltd’s 9th Largest Position

Lindsell Train Ltd reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,427,210 shares of the company’s stock after selling 27,027 shares during the quarter. PepsiCo makes up about 7.6% of Lindsell Train Ltd’s investment portfolio, making the stock its 9th biggest holding. Lindsell Train Ltd’s holdings in PepsiCo were worth $320,489,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Capital Management LLC lifted its position in PepsiCo by 4.0% in the second quarter. Advisors Capital Management LLC now owns 176,018 shares of the company’s stock worth $23,241,000 after purchasing an additional 6,781 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of PepsiCo by 29.6% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 109,162 shares of the company’s stock worth $14,402,000 after acquiring an additional 24,964 shares in the last quarter. Clearstead Trust LLC raised its position in shares of PepsiCo by 1.2% during the second quarter. Clearstead Trust LLC now owns 8,882 shares of the company’s stock worth $1,173,000 after purchasing an additional 104 shares during the period. Investment Partners LTD. grew its holdings in shares of PepsiCo by 2.0% during the second quarter. Investment Partners LTD. now owns 11,571 shares of the company’s stock valued at $1,528,000 after buying an additional 228 shares in the last quarter. Finally, Avalon Trust Co increased its stake in shares of PepsiCo by 10.2% in the second quarter. Avalon Trust Co now owns 3,277 shares of the company’s stock worth $433,000 after acquiring an additional 303 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on PEP. Loop Capital set a $164.00 price target on PepsiCo in a report on Thursday, October 23rd. Barclays upped their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the company an “equal weight” rating in a research report on Friday, October 10th. UBS Group reduced their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, September 11th. Wells Fargo & Company boosted their price objective 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, Piper Sandler boosted their price objective on PepsiCo from $160.00 to $162.00 and gave the stock an “overweight” rating in a report on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

Shares of PEP stock opened at $145.85 on Friday. The stock has a market capitalization of $199.43 billion, a PE ratio of 27.73, a PEG ratio of 3.56 and a beta of 0.45. 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 simple moving average is $144.95 and its 200 day simple moving average is $139.99. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $165.13.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 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 during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, research analysts forecast 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.