PepsiCo, Inc. $PEP Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 588,267 shares of the company’s stock after selling 830 shares during the period. Teacher Retirement System of Texas’ holdings in PepsiCo were worth $77,675,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Claris Advisors LLC MO grew its holdings in PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock worth $329,000 after acquiring an additional 308 shares in the last quarter. Foster Group Inc. grew its holdings in PepsiCo by 4.6% during the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock worth $683,000 after acquiring an additional 229 shares in the last quarter. Ignite Planners LLC grew its holdings in PepsiCo by 4.2% during the 1st quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after acquiring an additional 151 shares in the last quarter. Merit Financial Group LLC grew its holdings in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock worth $15,098,000 after acquiring an additional 36,239 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in PepsiCo by 2.5% during the 2nd quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after acquiring an additional 620 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays raised their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a report on Tuesday, October 21st. Jefferies Financial Group lifted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the company a “hold” rating in a report on Friday, October 10th. Evercore ISI lifted their price target on shares of PepsiCo from $150.00 to $152.00 in a report on Friday, October 10th. Finally, Royal Bank Of Canada decreased their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a report on Monday, September 15th. Seven equities research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $156.95.

PepsiCo Trading Up 0.0%

Shares of NASDAQ:PEP opened at $151.55 on Monday. The company has a market cap of $207.22 billion, a PE ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The company’s 50-day moving average price is $145.97 and its 200 day moving average price is $139.57. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $174.00. 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) last issued its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm posted $2.31 EPS. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

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.