Coleford Investment Management Ltd. Trims Stock Position in PepsiCo, Inc. $PEP

Coleford Investment Management Ltd. trimmed its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the second quarter, Holdings Channel reports. The fund owned 93,325 shares of the company’s stock after selling 580 shares during the period. PepsiCo accounts for about 3.2% of Coleford Investment Management Ltd.’s portfolio, making the stock its 17th biggest position. Coleford Investment Management Ltd.’s holdings in PepsiCo were worth $12,323,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. JSF Financial LLC grew its position in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock valued at $250,000 after buying an additional 69 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in shares of PepsiCo by 15.4% in the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock worth $73,000 after acquiring an additional 72 shares during the period. Joel Isaacson & Co. LLC boosted its holdings 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 valued at $2,180,000 after acquiring an additional 74 shares in the last quarter. Bull Street Advisors LLC increased its stake in shares of PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after acquiring an additional 74 shares during the period. Finally, Guardian Wealth Advisors LLC raised its holdings in PepsiCo by 1.6% during 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 in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 0.9%

PEP opened at $141.58 on Friday. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market cap of $193.59 billion, a price-to-earnings ratio of 26.92, a PEG ratio of 3.56 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $166.88. The business’s fifty day moving average is $145.42 and its two-hundred day moving average is $139.74.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.31 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PEP shares. Piper Sandler lifted their price objective on PepsiCo from $160.00 to $162.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Loop Capital set a $164.00 price target on PepsiCo in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Tuesday, October 14th. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Finally, Cowen reaffirmed a “hold” rating on shares of PepsiCo in a research note on Thursday, July 17th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus price target 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.