PepsiCo, Inc. $PEP Position Cut by Huntington National Bank

Huntington National Bank trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 358,967 shares of the company’s stock after selling 24,335 shares during the quarter. Huntington National Bank’s holdings in PepsiCo were worth $47,398,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Brighton Jones LLC grew its holdings in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares in the last quarter. Penserra Capital Management LLC grew its holdings in PepsiCo by 70.8% in the 1st quarter. Penserra Capital Management LLC now owns 6,128 shares of the company’s stock worth $917,000 after buying an additional 2,541 shares in the last quarter. Capital Advisors Inc. OK grew its holdings in PepsiCo by 4.3% in the 1st quarter. Capital Advisors Inc. OK now owns 1,836,925 shares of the company’s stock worth $275,428,000 after buying an additional 75,933 shares in the last quarter. OLD Republic International Corp boosted its stake in PepsiCo by 0.8% during the 1st quarter. OLD Republic International Corp now owns 389,800 shares of the company’s stock valued at $58,447,000 after purchasing an additional 3,000 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in PepsiCo by 2.5% during the 1st quarter. TD Private Client Wealth LLC now owns 26,848 shares of the company’s stock valued at $4,026,000 after purchasing an additional 650 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

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. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $167.96. The stock has a fifty day moving average of $145.71 and a 200-day moving average of $139.71. The firm has a market capitalization of $196.35 billion, a P/E ratio of 27.30, a PEG ratio of 3.56 and a beta of 0.46.

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Royal Bank Of Canada decreased their price target on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Rothschild & Co Redburn increased their price target on PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a research note on Monday, October 13th. Finally, Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Seven investment 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.