Dillon & Associates Inc. Sells 19,017 Shares of PepsiCo, Inc. $PEP

Dillon & Associates Inc. trimmed its stake in PepsiCo, Inc. (NASDAQ:PEP) by 28.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 46,881 shares of the company’s stock after selling 19,017 shares during the quarter. Dillon & Associates Inc.’s holdings in PepsiCo were worth $6,188,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. JSF Financial LLC boosted its holdings in PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares in the last quarter. Dogwood Wealth Management LLC raised its stake in shares of PepsiCo by 15.4% in the second quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after purchasing an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of PepsiCo by 0.5% in the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock worth $2,180,000 after purchasing an additional 74 shares during the last quarter. Bull Street Advisors LLC raised its stake in shares of PepsiCo by 0.4% in the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after purchasing an additional 74 shares during the last quarter. Finally, Guardian Wealth Advisors LLC raised its stake in shares of PepsiCo by 1.6% in the second quarter. Guardian Wealth Advisors LLC now owns 4,562 shares of the company’s stock worth $602,000 after purchasing an additional 74 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. HSBC upped their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Evercore ISI upped their price objective on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Cowen reiterated a “hold” rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a research report on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $156.95.

PepsiCo Stock Performance

Shares of PEP opened at $143.60 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. The business has a 50-day simple moving average of $145.71 and a two-hundred day simple moving average of $139.71. The stock has a market cap of $196.35 billion, a price-to-earnings ratio of 27.30, a PEG ratio of 3.56 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $167.96.

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

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.