Cullen Frost Bankers Inc. cut its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 106,237 shares of the company's stock after selling 5,320 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in PepsiCo were worth $14,028,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after acquiring an additional 1,258,198 shares during the period. Bank of New York Mellon Corp lifted its holdings in PepsiCo by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in PepsiCo by 1.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 11,525,812 shares of the company's stock valued at $1,728,180,000 after acquiring an additional 208,292 shares during the period. Finally, Invesco Ltd. increased its position in shares of PepsiCo by 4.5% in the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock valued at $1,698,544,000 after buying an additional 491,894 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Price Performance
PEP opened at $153.03 on Thursday. The stock's 50-day moving average price is $145.89 and its 200 day moving average price is $139.49. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $174.00. 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 cap of $209.24 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 3.73 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 (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 firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the prior year, the company earned $2.31 EPS. PepsiCo's revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
Analysts Set New Price Targets
A number of analysts have recently commented on the company. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Evercore ISI boosted their price target on PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Piper Sandler boosted their price target on PepsiCo from $160.00 to $162.00 and gave the stock an "overweight" rating in a research report on Friday, October 10th. 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 report on Monday, October 6th. Finally, UBS Group dropped their target price on PepsiCo from $175.00 to $170.00 and set a "buy" rating for the company in a report on Thursday, September 11th. Seven 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 company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $156.58.
Check Out Our Latest Stock Analysis on PepsiCo
PepsiCo Profile
(
Free Report)
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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