AMG National Trust Bank Raises Holdings in PepsiCo, Inc. $PEP

AMG National Trust Bank lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,216 shares of the company’s stock after buying an additional 365 shares during the quarter. AMG National Trust Bank’s holdings in PepsiCo were worth $4,254,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nova Wealth Management Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $25,000. Elite Financial Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $28,000. Legend Financial Advisors Inc. acquired a new position in shares of PepsiCo in the 2nd quarter valued at $29,000. Frazier Financial Advisors LLC lifted its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in shares of PepsiCo in the 2nd quarter valued at $45,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. The Goldman Sachs Group upped their price objective on shares of PepsiCo from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Friday, October 10th. Jefferies Financial Group upped their price objective on shares of PepsiCo from $161.00 to $163.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Finally, Royal Bank Of Canada reduced their price objective on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research report on Monday, September 15th. 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 company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $156.95.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $147.55 on Friday. The firm has a 50-day simple moving average of $145.87 and a 200-day simple moving average of $139.73. The stock has a market capitalization of $201.75 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 3.56 and a beta of 0.46. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $167.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, October 9th. The company reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.31 earnings per share. 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 fiscal 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.