B & T Capital Management DBA Alpha Capital Management Buys 6,785 Shares of PepsiCo, Inc. $PEP

Key Points

• B & T Capital Management acquired an additional 6,785 shares of PepsiCo, increasing its holdings by 25.9% during the second quarter, bringing the total to 32,962 shares valued at approximately $4.35 million.
• PepsiCo's recent earnings report revealed $2.29 EPS, exceeding analysts' expectations, with a net revenue of $23.94 billion for the quarter, reflecting a growth of 2.7% year-over-year.
• Wall Street analysts currently rate PepsiCo with seven Buy ratings, fourteen Hold ratings, and one Sell rating, with a consensus price target of $156.95.

B & T Capital Management DBA Alpha Capital Management grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 25.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 32,962 shares of the company's stock after acquiring an additional 6,785 shares during the period. B & T Capital Management DBA Alpha Capital Management's holdings in PepsiCo were worth $4,352,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in PEP. Vanguard Group Inc. boosted its holdings 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 valued at $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares during the period. Bank of New York Mellon Corp increased its stake in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after purchasing an additional 49,699 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of PepsiCo by 1.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock valued at $1,728,180,000 after purchasing an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of PepsiCo by 4.5% in the 1st quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after buying an additional 491,894 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 0.0%

PepsiCo stock opened at $151.55 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $174.00. The company has a market cap of $207.22 billion, a P/E ratio of 28.81, 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. The business has a 50-day simple moving average of $145.97 and a two-hundred day simple moving average of $139.62.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) 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 company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter last year, the firm posted $2.31 earnings per share. The firm's 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. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Royal Bank Of Canada dropped their target price on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating on the stock in a report on Monday, September 15th. Loop Capital set a $164.00 price objective on shares of PepsiCo in a research note on Thursday. Bank of America upped their target price on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PepsiCo in a research report on Tuesday, October 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Seven analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $156.95.

About PepsiCo

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.

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