Mcdaniel Terry & Co. Sells 23,159 Shares of PepsiCo, Inc. $PEP

Key Points

• Mcdaniel Terry & Co. has reduced its holdings in PepsiCo, Inc. by 51.2%, selling 23,159 shares in the second quarter, leaving them with 22,116 shares worth approximately $2.92 million.
• Analysts have mixed views on PepsiCo's stock, with seven analysts rating it as a Buy, while the average target price is set at $156.95.
• PepsiCo's recent earnings report showed $2.29 EPS, surpassing estimates, with a revenue of $23.94 billion, marking a 2.7% increase year-over-year.

Mcdaniel Terry & Co. lowered its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 51.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,116 shares of the company's stock after selling 23,159 shares during the quarter. Mcdaniel Terry & Co.'s holdings in PepsiCo were worth $2,920,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of PepsiCo by 28.1% in the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after acquiring an additional 6,712 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in PepsiCo by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 37,716 shares of the company's stock valued at $5,655,000 after purchasing an additional 1,325 shares in the last quarter. Falcon Wealth Planning boosted its stake in PepsiCo by 92.5% in the first quarter. Falcon Wealth Planning now owns 4,305 shares of the company's stock worth $646,000 after purchasing an additional 2,069 shares in the last quarter. Finally, Stone Summit Wealth LLC grew its holdings in shares of PepsiCo by 4.4% during the first quarter. Stone Summit Wealth LLC now owns 26,292 shares of the company's stock worth $3,942,000 after purchasing an additional 1,111 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PEP. Jefferies Financial Group increased their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a report on Friday, October 10th. Citigroup decreased their price target on shares of PepsiCo from $168.00 to $165.00 and set a "buy" rating on the stock in a research note on Thursday, September 25th. Piper Sandler boosted their price objective on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Finally, Royal Bank Of Canada lowered their target price 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. Seven equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average target price of $156.95.

PepsiCo Price Performance

PepsiCo stock opened at $151.55 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The business has a 50-day moving average of $145.97 and a 200-day moving average of $139.62. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $174.00.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, October 9th. The company reported $2.29 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter last year, the firm earned $2.31 EPS. 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. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

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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