Moloney Securities Asset Management LLC Raises Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• Moloney Securities Asset Management LLC increased its position in PepsiCo, Inc. by 137.7% in Q2, now holding 43,971 shares valued at approximately $5.8 million.
• PepsiCo recently posted Q3 earnings of $2.29 EPS, exceeding analyst expectations, with revenue of $23.94 billion, marking a 2.7% increase year-over-year.
• Wall Street analysts maintain a mixed outlook on PepsiCo, with a consensus Hold rating and an average price target of $156.95.

Moloney Securities Asset Management LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 137.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,971 shares of the company's stock after acquiring an additional 25,469 shares during the period. PepsiCo makes up about 0.7% of Moloney Securities Asset Management LLC's portfolio, making the stock its 24th biggest holding. Moloney Securities Asset Management LLC's holdings in PepsiCo were worth $5,806,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JSF Financial LLC raised its stake in PepsiCo by 3.8% in the 2nd quarter. JSF Financial LLC now owns 1,897 shares of the company's stock worth $250,000 after acquiring an additional 69 shares during the last quarter. Dogwood Wealth Management LLC raised its stake in shares of PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company's stock valued at $73,000 after buying an additional 72 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of PepsiCo by 0.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company's stock valued at $2,180,000 after buying an additional 74 shares during the last quarter. Bull Street Advisors LLC raised its stake in shares of PepsiCo by 0.4% during the 2nd quarter. Bull Street Advisors LLC now owns 19,902 shares of the company's stock valued at $2,628,000 after buying an additional 74 shares during the last quarter. Finally, Centurion Wealth Management LLC raised its stake in shares of PepsiCo by 3.8% during the 2nd quarter. Centurion Wealth Management LLC now owns 2,068 shares of the company's stock valued at $273,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 1.0%

PEP stock opened at $151.51 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. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. The stock has a market cap of $207.17 billion, a price-to-earnings ratio of 28.80, a PEG ratio of 3.72 and a beta of 0.46. The business's 50-day moving average is $145.95 and its 200 day moving average is $139.54.

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 the consensus estimate 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 analysts' expectations of $23.91 billion. During the same period in the previous year, the firm posted $2.31 EPS. PepsiCo'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. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. UBS Group reduced their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a research note on Thursday, September 11th. Citigroup reduced their price objective on PepsiCo from $168.00 to $165.00 and set a "buy" rating for the company in a research note on Thursday, September 25th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Jefferies Financial Group lifted their price objective on PepsiCo from $161.00 to $163.00 and gave the company a "hold" rating in a research note on Friday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research note on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.

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