NORTHSTAR ASSET MANAGEMENT Co Lowers Stock Position in PepsiCo, Inc. $PEP

NORTHSTAR ASSET MANAGEMENT Co decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,054 shares of the company’s stock after selling 300 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in PepsiCo were worth $2,252,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. purchased a new position in PepsiCo in the first quarter valued at about $25,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter valued at about $28,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo in the second quarter valued at about $29,000. Frazier Financial Advisors LLC increased its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after buying an additional 122 shares in the last quarter. Finally, RMG Wealth Management LLC purchased a new position in PepsiCo in the second quarter valued at about $45,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Tuesday, October 14th. Wells Fargo & Company raised their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Piper Sandler raised their price objective 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. 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 note on Monday, October 6th. Finally, Barclays raised their price objective on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Friday, October 10th. Seven research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.95.

PepsiCo Stock Performance

Shares of PEP stock opened at $151.55 on Friday. The firm has a market capitalization of $207.22 billion, a P/E ratio of 28.81, a P/E/G ratio of 3.69 and a beta of 0.46. The company’s fifty day moving average price is $145.97 and its two-hundred day moving average price is $139.62. 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 12 month low of $127.60 and a 12 month high of $174.00.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 earnings per share (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 business 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 business posted $2.31 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

About PepsiCo

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.