Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group Sells 1,573 Shares of PepsiCo, Inc. $PEP

Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group lessened its position in PepsiCo, Inc. (NASDAQ:PEP) by 21.3% during the second quarter, Holdings Channel reports. The institutional investor owned 5,813 shares of the company’s stock after selling 1,573 shares during the quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group’s holdings in PepsiCo were worth $768,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Banco Santander S.A. grew its stake in shares of PepsiCo by 507.0% during the 2nd quarter. Banco Santander S.A. now owns 93,225 shares of the company’s stock worth $12,309,000 after acquiring an additional 77,867 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in PepsiCo by 158.4% during the second quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 66,426 shares of the company’s stock worth $8,527,000 after purchasing an additional 40,716 shares during the last quarter. MorganRosel Wealth Management LLC grew its position in PepsiCo by 23.8% in the second quarter. MorganRosel Wealth Management LLC now owns 453 shares of the company’s stock valued at $60,000 after purchasing an additional 87 shares in the last quarter. Signature Wealth Management Group increased its stake in PepsiCo by 5.9% in the 2nd quarter. Signature Wealth Management Group now owns 25,601 shares of the company’s stock valued at $3,380,000 after buying an additional 1,433 shares during the last quarter. Finally, Chilton Capital Management LLC lifted its position in PepsiCo by 8.6% during the 2nd quarter. Chilton Capital Management LLC now owns 4,477 shares of the company’s stock worth $591,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PEP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Bank of America boosted their price target on PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $157.00 to $151.00 and set a “neutral” rating for the company in a report on Monday, October 6th. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a report on Monday, October 6th. Finally, Rothschild & Co Redburn upped their price target on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a research report on Monday, October 13th. Seven analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

PepsiCo stock opened at $151.55 on Monday. The company 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 stock’s 50 day moving average is $145.97 and its 200-day moving average is $139.57. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $174.00.

PepsiCo (NASDAQ:PEP) last released 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 return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the previous year, the company posted $2.31 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. PepsiCo has set its FY 2025 guidance at 8.120-8.120 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current 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.