Jackson Hole Capital Partners LLC Has $5.24 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Jackson Hole Capital Partners LLC increased its position in PepsiCo by 6.2% in Q2, holding 39,646 shares valued at approximately $5.24 million.
• PepsiCo reported earnings of $2.29 per share for the recent quarter, surpassing estimates and showcasing a 2.7% year-over-year revenue increase to $23.94 billion.
• Wall Street analysts have mixed opinions on PepsiCo's stock, with seven analysts giving a Buy rating, fourteen a Hold rating, and one a Sell rating, alongside an average target price of $156.95.

Jackson Hole Capital Partners LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,646 shares of the company's stock after buying an additional 2,312 shares during the quarter. PepsiCo accounts for 1.0% of Jackson Hole Capital Partners LLC's holdings, making the stock its 29th biggest holding. Jackson Hole Capital Partners LLC's holdings in PepsiCo were worth $5,235,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Claris Advisors LLC MO lifted its position in shares of PepsiCo by 14.1% during the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company's stock worth $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. raised its position in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company's stock valued at $683,000 after purchasing an additional 229 shares during the last quarter. Ignite Planners LLC raised its position in PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the last quarter. Merit Financial Group LLC raised its position in PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company's stock valued at $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Finally, Fulton Bank N.A. raised its position in PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company's stock valued at $3,342,000 after purchasing an additional 620 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 1.0%

PEP stock opened at $151.51 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $174.00. 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 stock's 50 day moving average is $145.95 and its 200-day moving average is $139.54. The firm has a market capitalization of $207.17 billion, a PE ratio of 28.80, a P/E/G ratio of 3.72 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the company earned $2.31 earnings per share. The company's revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on PEP. Rothschild & Co Redburn increased their target price on PepsiCo from $115.00 to $117.00 and gave the company a "sell" rating in a research report on Monday, October 13th. JPMorgan Chase & Co. dropped their target price on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. BNP Paribas Exane dropped their target price on PepsiCo from $152.00 to $150.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. DZ Bank upgraded PepsiCo from a "hold" rating to a "buy" rating and set a $167.00 target price for the company in a research report on Tuesday. Finally, The Goldman Sachs Group increased their target price on PepsiCo from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average target price of $156.95.

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.

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