Boyd Watterson Asset Management LLC OH Has $2.34 Million Holdings in PepsiCo, Inc. $PEP

Boyd Watterson Asset Management LLC OH grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% during the second quarter, HoldingsChannel.com reports. The firm owned 17,733 shares of the company’s stock after acquiring an additional 1,088 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in PepsiCo were worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PEP. Nuveen LLC acquired a new stake in shares of PepsiCo during the 1st quarter worth approximately $946,978,000. Kingstone Capital Partners Texas LLC acquired a new stake in shares of PepsiCo during the 2nd quarter worth approximately $460,110,000. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.4% during the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 5.0% during the 1st 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 in the last quarter. Finally, Deutsche Bank AG boosted its position in PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company’s stock valued at $1,393,846,000 after buying an additional 1,165,745 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of a number of research analyst reports. Barclays raised their target price 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. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Royal Bank Of Canada cut their target price on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. Citigroup dropped their price target on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, September 25th. Finally, HSBC raised their price target on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $152.63 on Tuesday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $172.98. The firm has a fifty day simple moving average of $146.03 and a 200 day simple moving average of $139.62. The company has a market capitalization of $208.70 billion, a PE ratio of 29.02, a P/E/G ratio of 3.69 and a beta of 0.46. 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 announced its 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. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business 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 firm earned $2.31 earnings per share. PepsiCo’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, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

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.