PepsiCo, Inc. $PEP Shares Purchased by Brookstone Capital Management

Key Points

• Brookstone Capital Management increased its stake in PepsiCo by 4.8% during Q2, acquiring 2,348 additional shares, bringing their total holdings to 51,752 shares valued at $6.83 million.
• PepsiCo reported Q3 earnings of $2.29 EPS, surpassing analysts' expectations, with revenue increasing by 2.7% year-over-year to $23.94 billion.
• Analysts have mixed views on PepsiCo, with seven holding a Buy rating and an average price target of $156.58, while others set more conservative targets amid recent market fluctuations.

Brookstone Capital Management increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,752 shares of the company's stock after acquiring an additional 2,348 shares during the quarter. Brookstone Capital Management's holdings in PepsiCo were worth $6,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of PEP. Nova Wealth Management Inc. purchased a new stake in PepsiCo in the 1st quarter valued at about $25,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the 2nd quarter valued at about $29,000. Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company's stock valued at $35,000 after buying an additional 122 shares during the period. Finally, RMG Wealth Management LLC purchased a new stake in PepsiCo in the 2nd quarter valued at about $45,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.1%

Shares of NASDAQ:PEP opened at $153.03 on Thursday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $174.00. The company's 50 day moving average is $145.89 and its two-hundred day moving average is $139.49. 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 company has a market cap of $209.24 billion, a PE ratio of 29.09, a P/E/G ratio of 3.73 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company had revenue of $23.94 billion for the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the firm posted $2.31 EPS. The company'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. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PEP shares. Morgan Stanley boosted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Piper Sandler boosted their price target on shares of PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research note on Friday, October 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating on the stock in a research note on Monday, October 6th. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a research note on Friday, October 10th. Seven 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 data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $156.58.

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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