Pavion Blue Capital LLC Boosts Stake in PepsiCo, Inc. $PEP

by · The Cerbat Gem

Pavion Blue Capital LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,889 shares of the company’s stock after acquiring an additional 118 shares during the quarter. PepsiCo accounts for 2.5% of Pavion Blue Capital LLC’s holdings, making the stock its 13th biggest position. Pavion Blue Capital LLC’s holdings in PepsiCo were worth $5,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Nuveen LLC acquired a new stake in shares of PepsiCo in the first quarter worth $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo in the second quarter worth $460,110,000. Vanguard Group Inc. increased its stake in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company’s stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 1,258,198 shares during the period. Finally, Deutsche Bank AG increased its stake in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock worth $1,393,846,000 after acquiring an additional 1,165,745 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PEP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Rothschild & Co Redburn raised their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research report on Monday, October 13th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Evercore ISI raised their price target on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Finally, Morgan Stanley raised their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $156.95.

Check Out Our Latest Research Report on PepsiCo

PepsiCo Stock Performance

PEP opened at $152.63 on Tuesday. The company has a market cap of $208.70 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 3.69 and a beta of 0.46. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $172.98. The firm’s fifty day simple moving average is $146.03 and its two-hundred day simple moving average is $139.62. 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 (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. PepsiCo’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Company Profile

(Free Report)

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.

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