Garland Capital Management Inc. Has $1.10 Million Holdings in PepsiCo, Inc. $PEP

Garland Capital Management Inc. reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 70.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,297 shares of the company’s stock after selling 19,978 shares during the period. PepsiCo comprises about 3.5% of Garland Capital Management Inc.’s holdings, making the stock its 12th largest position. Garland Capital Management Inc.’s holdings in PepsiCo were worth $1,096,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PEP. Nova Wealth Management Inc. acquired a new position in PepsiCo in the 1st quarter worth about $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC increased its holdings in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares during the last quarter. Finally, Investment Research & Advisory Group Inc. increased its holdings in shares of PepsiCo by 263.6% during the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after acquiring an additional 232 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PEP opened at $151.55 on Monday. The firm has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The stock’s 50 day moving average price is $145.97 and its two-hundred day moving average price is $139.57. 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 12-month low of $127.60 and a 12-month high of $174.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the company earned $2.31 EPS. The company’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on PEP shares. Jefferies Financial Group increased their price objective on PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price objective on PepsiCo in a report on Thursday. Citigroup lowered their price objective on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. BNP Paribas Exane lowered their price objective on PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Bank of America raised their target price on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.