PepsiCo, Inc. $PEP Shares Bought by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its holdings in PepsiCo by 0.7%, acquiring an additional 27,849 shares, and now owns approximately 0.28% of the company valued at $499,376,000.
• PepsiCo reported a 2.29 earnings per share for the quarter, surpassing analysts' estimates and demonstrating a revenue increase of 2.7% compared to the previous year.
• Institutional investors now own 73.07% of PepsiCo's stock, indicating strong interest from major financial entities.

Sumitomo Mitsui Trust Group Inc. increased its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,782,004 shares of the company's stock after acquiring an additional 27,849 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.28% of PepsiCo worth $499,376,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JSF Financial LLC increased its holdings in PepsiCo by 3.8% in the second quarter. JSF Financial LLC now owns 1,897 shares of the company's stock valued at $250,000 after buying an additional 69 shares during the last quarter. Dogwood Wealth Management LLC increased its holdings in PepsiCo by 15.4% in the second 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 increased its holdings in PepsiCo by 0.5% in the second 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 increased its holdings in PepsiCo by 0.4% in the second 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 increased its holdings in PepsiCo by 3.8% in the second 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. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP opened at $151.68 on Friday. The company has a market capitalization of $207.40 billion, a price-to-earnings ratio of 28.84, a price-to-earnings-growth ratio of 3.72 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $174.00. The business has a 50 day moving average price of $145.95 and a two-hundred day moving average price of $139.54.

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

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research reports. Barclays increased their price target on PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday, October 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Bank of America increased 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. Royal Bank Of Canada decreased their price objective on PepsiCo from $146.00 to $145.00 and set a "sector perform" rating for the company in a report on Monday, September 15th. Finally, UBS Group decreased their price objective on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Seven 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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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