Strategic Blueprint LLC Sells 1,871 Shares of PepsiCo, Inc. $PEP

Key Points

• Strategic Blueprint LLC reduced its holdings in PepsiCo by 12.3%, selling 1,871 shares and now owning 13,296 shares valued at approximately $1.76 million.
• PepsiCo's stock price opened at $151.51 with a market cap of $207.17 billion, and the company reported $23.94 billion in revenue for the last quarter, exceeding expectations.
• Recent analyst ratings have shown mixed sentiments, with target prices ranging from $142.00 to $163.00, and PepsiCo maintains a consensus rating of "Hold".

Strategic Blueprint LLC lowered its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 12.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,296 shares of the company's stock after selling 1,871 shares during the quarter. Strategic Blueprint LLC's holdings in PepsiCo were worth $1,756,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PEP. Brighton Jones LLC boosted its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of PepsiCo by 28.1% during the 1st quarter. GAMMA Investing LLC now owns 30,603 shares of the company's stock worth $4,589,000 after purchasing an additional 6,712 shares in the last quarter. Global Assets Advisory LLC bought a new position in shares of PepsiCo during the 1st quarter worth about $327,000. Golden State Wealth Management LLC boosted its position in shares of PepsiCo by 124.8% during the 1st quarter. Golden State Wealth Management LLC now owns 7,595 shares of the company's stock worth $1,140,000 after purchasing an additional 4,216 shares in the last quarter. Finally, Perigon Wealth Management LLC boosted its position in shares of PepsiCo by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 37,716 shares of the company's stock worth $5,655,000 after purchasing an additional 1,325 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock opened at $151.51 on Friday. 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 price is $145.95 and its two-hundred day moving average price is $139.54. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. The stock has a market cap of $207.17 billion, a P/E ratio of 28.80, a P/E/G ratio of 3.72 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 EPS for the quarter, topping 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 firm had revenue of $23.94 billion for the quarter, compared to analysts' expectations of $23.91 billion. During the same quarter last year, the firm earned $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. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a research report on Tuesday, October 14th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a "positive" rating in a research report on Friday, October 10th. Barclays increased their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an "equal weight" rating in a research report on Friday, October 10th. Jefferies Financial Group upped their target price on shares of PepsiCo from $161.00 to $163.00 and gave the stock a "hold" rating in a report on Friday, October 10th. Finally, HSBC upped their target price on shares of PepsiCo from $145.00 to $152.00 and gave the stock a "hold" rating in a report on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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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