Glass Jacobson Investment Advisors llc Has $69,000 Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Glass Jacobson Investment Advisors LLC significantly reduced its stake in PepsiCo, Inc. by 77.7% in Q2, now holding shares worth $69,000.
• PepsiCo reported $2.29 earnings per share for the last quarter, beating expectations, and its revenue increased by 2.7% compared to the previous year.
• Institutional investors own 73.07% of PepsiCo stock, with several analysts adjusting price targets, including an increase from Jefferies Financial Group to $163.00.

Glass Jacobson Investment Advisors llc lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 77.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 520 shares of the company's stock after selling 1,807 shares during the quarter. Glass Jacobson Investment Advisors llc's holdings in PepsiCo were worth $69,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PEP. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of PepsiCo by 5.0% during 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 acquiring an additional 1,258,198 shares during the last quarter. Bank of New York Mellon Corp lifted 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 acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in PepsiCo by 1.8% in 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 acquiring an additional 208,292 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of PepsiCo by 4.5% during 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 period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $151.55 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 stock has a market cap of $207.22 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The business has a 50 day simple moving average of $145.97 and a 200 day simple moving average of $139.62. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $174.00.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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. The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.31 earnings per share. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on PEP shares. Jefferies Financial Group increased their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a report on Friday, October 10th. Piper Sandler raised their price target on PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Bank of America boosted their target price on PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. Finally, Barclays increased their price target on shares of PepsiCo from $140.00 to $142.00 and gave the company an "equal weight" rating in a research report on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average 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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