Ramsay Stattman Vela & Price Inc. Has $11.51 Million Stock Position in PepsiCo, Inc. $PEP

Key Points

• Ramsay Stattman Vela & Price Inc. increased its stake in PepsiCo by 4.7%, now owning 87,167 shares valued at approximately $11.51 million, making it the firm’s 17th largest holding.
• PepsiCo's recent earnings report showed an EPS of $2.29, exceeding expectations, with revenue of $23.94 billion, reflecting a 2.7% year-over-year increase.
• Several analysts have raised their target prices for PepsiCo's shares, with the average target price now set at $156.95 and a consensus rating leaning towards Hold and seven analysts issuing a Buy rating.

Ramsay Stattman Vela & Price Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,167 shares of the company's stock after purchasing an additional 3,908 shares during the quarter. PepsiCo accounts for 2.1% of Ramsay Stattman Vela & Price Inc.'s portfolio, making the stock its 17th largest holding. Ramsay Stattman Vela & Price Inc.'s holdings in PepsiCo were worth $11,510,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PEP. Nuveen LLC acquired a new stake in PepsiCo during the first quarter valued at approximately $946,978,000. Kingstone Capital Partners Texas LLC bought a new position in shares of PepsiCo in the second quarter valued at approximately $460,110,000. Vanguard Group Inc. raised its stake in shares of 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 last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of 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 last quarter. Finally, Deutsche Bank AG raised its stake in shares of PepsiCo by 14.3% in the first quarter. Deutsche Bank AG now owns 9,296,022 shares of the company's stock valued at $1,393,846,000 after acquiring an additional 1,165,745 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Piper Sandler lifted their target price on shares of PepsiCo from $160.00 to $162.00 and gave the company an "overweight" rating in a research note on Friday, October 10th. Evercore ISI boosted their price objective on shares of PepsiCo from $150.00 to $152.00 in a research report on Friday, October 10th. Bank of America boosted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the stock a "neutral" rating in a research report on Friday, October 10th. DZ Bank upgraded shares of PepsiCo from a "hold" rating to a "buy" rating and set a $167.00 price objective for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $157.00 to $151.00 and set a "neutral" rating for the company in a research report on Monday, October 6th. Seven investment 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's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $156.95.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $151.55 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $174.00. The stock has a market capitalization of $207.22 billion, a price-to-earnings ratio of 28.81, a PEG ratio of 3.69 and a beta of 0.46. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a fifty day moving average of $145.97 and a two-hundred day moving average of $139.62.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the business earned $2.31 EPS. The firm'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, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

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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