Pavion Blue Capital LLC Raises Stock Position in PepsiCo, Inc. $PEP

Pavion Blue Capital LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the second quarter, Holdings Channel.com reports. The firm owned 41,889 shares of the company’s stock after buying an additional 118 shares during the quarter. PepsiCo makes up approximately 2.5% of Pavion Blue Capital LLC’s portfolio, 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Nova Wealth Management Inc. purchased a new position in PepsiCo during the first quarter worth about $25,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo in the 1st quarter valued at approximately $28,000. Legend Financial Advisors Inc. purchased a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $29,000. Frazier Financial Advisors LLC raised its stake in shares of PepsiCo by 85.3% in 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 period. Finally, RMG Wealth Management LLC purchased a new stake in shares of PepsiCo in the 2nd quarter valued at approximately $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.7%

NASDAQ PEP opened at $152.63 on Tuesday. 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 52 week low of $127.60 and a 52 week high of $172.98. The stock has a market capitalization of $208.70 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.69 and a beta of 0.46. The firm has a 50 day moving average of $146.03 and a two-hundred day moving average of $139.62.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same quarter in the previous year, the business posted $2.31 EPS. The firm’s revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PEP shares. Bank of America boosted their price target on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Morgan Stanley boosted their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Rothschild & Co Redburn boosted their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, HSBC lifted their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $156.95.

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.